B.C. Government Announces Big Investment in Nanaimo’s Niik Steel
The funding will help triple steel fabrication capacity and support a $5 million expansion as U.S. tariffs pressure the industry.
- The British Columbia government announced $900,000 in funding for Nanaimo-based Niik Steel to expand its Maughan Road facility, triple steel production, and create 26 new jobs.
- Part of the 'Look West' strategy, this investment aims to strengthen local supply chains amid tariff challenges and market volatility that have created uncertainty for the regional steel industry.
- Niik Steel will construct an 8,000 square-foot facility and install automated equipment to reduce production bottlenecks, enabling the company to compete for larger infrastructure projects.
- Amir Jamshidi, president of Niik Steel, said the Manufacturing Jobs Fund support "accelerates our expansion" and anchors critical fabrication capacity for resilient construction projects throughout British Columbia.
- Over the next year, Niik Steel aims to expand its workforce to 200, contributing to broader provincial goals that have already created more than 2,100 jobs across 156 projects.
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Nanaimo News Bulletin
B.C. government announces big investment in Nanaimo’s Niik Steel
Nanaimo’s Niik Steel, a steel manufacturer, will receive $900,000 from the province that will provide the company with the ability to triple the amount of steel it fabricates. The investment, which will lead to a total capital investment of $5 million, from B.C.’s look west strategy and the manufacturing jobs fund, will allow Niik Steel to reach new markets and hire approximately 26 more people at a time when U.S. tariffs are creating new challe…
Provincial investment to create almost 30 new manufacturing jobs in Nanaimo
Almost $1 million from the B.C. government is going to Niik Steel to expand operations and create a more diversified Island economy. Officials hope that the purchase of several new machines will create almost 30 new highly skilled jobs in Nanaimo.
B.C. invests $900K in Nanaimo steel manufacturer to triple fabrication, hire more workers
A steel manufacturer in Nanaimo will be receiving $900,000 from the B.C. government, which the province says will allow it to triple its fabrication and hire more workers. Niik Steel will be getting $900,000 through the B.C. Manufacturing Jobs Fund. “Our steel sector is facing real challenges from tariffs and market volatility, and it’s never been more important to support our homegrown businesses to get more B.C. products and jobs involved in i…
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