Nova Tube Inc.

$14,000,000.00 CAD

≈ $0.34 for every person in Canada ≈ 181 Canadians' average pay for a year

Department: Innovation, Science and Economic Development Canada
Program: SIF Stream2- Growth
Recipient country: Canada
Fiscal year: 2018-2019
Agreement period: April 1, 2018 – March 31, 2022
Reference: ic:033-2019-2020-Q2-812992

Published purpose

Fully automated galvanizing line pipe threading station, allowing the company to convert its tube making to industry 4.0 standards, increase production speeds and decrease scrap

In plain English AI-generated

Funding supports Nova Tube Inc. to install a fully automated galvanizing line and pipe threading station, enabling Industry 4.0 standards, higher production speeds, and reduced scrap.

Category: Infrastructure Primarily funds activity in Canada

Based on the published description. See how AI categorization works — the linked official record is authoritative.

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View official source record Imported July 30, 2026 from open.canada.ca Grants & Contributions