Charest’s north­ern vi­sion keeps jobs in Ma­gog

Stanstead Journal - - FRONT PAGE - Vic­to­ria Vanier

Ma­goghar­bours an anachro­nism in Mag­goteaux, a foundry lo­cated in the mid­dle of the town. Its 140 jobs are guar­an­teed a new lease on life as the former Bel­gian owned com­pany is in­vest­ing $4,500,000 in a new foundry oven. Sigdo Kop­pers, a Chilean com­pany, bought the com­pany last sum­mer for over $750,000,000.

In Ma­gog, the Que­bec govern­ment gave a sub­sidy of $370,000 to help the com­pany fi­nance its in­vest­ment. Lo­cal M.N.A., Pierre Reid, was quick to re­mind all that the min­ing sec­tor is ex­pand­ing and that his govern­ment’s North­ern plan was giv­ing high hopes to sup­pli­ers of the in­dus­try.

The Ma­gog foundry, saved from clo­sure when Mag­goteaux bought the former Fon­derie Ma­gog which had closed for al­most a year in the 1980’s, pro­duces grind­ing balls, highly spe­cial­ized parts of the grind­ing process that sees mined rocks crushed by them into pow­ders that can be heated into me­tals. One can imag­ine that these balls must be re­sis­tant and use spe­cial me­tals to sur­vive. Now pro­duc­ing around 40,000 tons of balls, from the small half inch to five inches, the new equip­ment should raise the num­ber to 45,000 tons a year.

Photo Stanstead Jour­nal

Pierre Reid an­nounc­ing the grant of $370,000 that will guar­an­tee that 140 jobs are saved in Ma­gog.

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