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Politics : Canadian Political Free-for-All

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To: Goose94 who wrote (37970)	1/27/2026 11:59:02 AM
From: Goose94	Read Replies (1) of 38000

PM Mark Carney Elbows Up: South Korean submarine maker signs MOU with Algoma Steel January 25th 2026 Hanwha and Algoma have entered into a binding Memorandum of Understanding (MOU) valued at approximately $345 million, which would see the Korean defence company invest $275 million towards the construction of a new structural steel beam mill in Sault Ste. Marie, Ont. Algoma is one of more than a dozen Canadian companies Hanwha has partnered with to provide technology to be used in its manufacturing of submarines for the Royal Canadian Navy. In a news release, Hanwha, citing analysis by KPMG, says their partnerships could result in 15,000 jobs Canada.

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