Metal Fabrication & Machinery Manufacturing
With approximately $14 billion per year of existing activity, Alberta is one of Canada’s major metal manufacturing centres, behind only Ontario and Quebec. Thanks to a strong demand from Alberta’s energy sector, there are a multitude of opportunities for the province’s metal fabrication and machinery manufacturing companies. Tens of billions of dollars are being spent in both the oil sands and conventional oil and gas sectors each year.
Based on Alberta's considerable market opportunity, metal fabrication companies within Alberta have been partnering to develop new supply chains that will serve both local markets and emerging opportunities around the globe. This presents room for Alberta’s metal fabrication companies to grow significantly.
From 2005 to 2010, Alberta’s metal products fabrication sector is forecast to generate approximately CDN$48 billion in revenues.
The sector includes over 50,000 employees and 2,600 companies, 85% of which have fewer than 50 employees.
For current information on business intelligence, sector events, market opportunities and the Metal Fab Pulse Newsletter make sure to visit www.albertametal.ca.
Metal fabrication and the energy sector
Alberta’s oil sands will require more than $100 billion of new construction and maintenance spending in the next 20 years, much of it for fabricated metal products. This impressive market opportunity has attracted world attention. Global supply chains emerging from Alberta have expanded and formed as new oil sands construction cycles begin.
Energy sector demands present a remarkable opportunity for Alberta’s metal fabrication companies to grow and set the stage for new competition to arrive from points across the country, continent and world.
Industry innovation and development
In response to the competitive demand placed on local manufacturers, Alberta’s metal fabrication companies are looking to new and innovative practices, with an increased focus on research and technology.
When coupled with a provincial government that strongly supports industry development, innovative research and technology will help keep Alberta’s metal fabrication sector well positioned to remain competitive in the global market.
Educating and building a skilled workforce
The metal fabrication industry is also supported by educational institutions committed to developing a highly skilled workforce. Strong relationships between employers and educational institutions have created a wide variety of world-class educational programs that ensure that students have adequate skills to meet the needs of industry.
Date Updated: Oct 29, 2009
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