The board of directors of Stelco-McMaster Ltée announced that the company has changed its name to Norambar Inc.
Marcel Francoeur, president and CEO, said, "The new name, Norambar, stresses our determination to further penetrate special bar quality markets across North America. More than 60 percent of our sales of bars and billets are outside Canada. This will likely grow. Our competent workforce operates our modern facilities in a spirit of continuous improvement. We are truly a preferred 'North American Bar' supplier."
The company is a private company whose shares are owned by Stelco Inc. It is a mini-mill located in Contrecoeur, Québec. Norambar supplies more than 600,000 tons of bars and billets a year.
Norambar is also involved in ferrous and non-ferrous scrap metal recuperation and processing through Fers et Métaux Recyclés Ltée of Laprairie, Québec, and Cyclomet of Scoudouc, New Brunswick.