Bruce Power

Bruce Power
Canadian Manufacturers & Exporters

Canadian Manufacturers & Exporters

January 14, 2008 13:00 ET

CME Joins Forces With Bruce Power to Leverage Historic Nuclear Investments

TIVERTON, ONTARIO--(Marketwire - Jan. 14, 2008) - Canadian Manufacturers & Exporters (CME) has joined forces with Bruce Power to help manufacturers prepare for the impact of up to $40 billion of new nuclear investment in Ontario over the next 15 years.

"Given the challenges our manufacturing sector faces, we need to capitalize on the incredible potential for growth, innovation and new investment the nuclear industry presents," said Ian Howcroft, Vice-President, Ontario Division, of CME. "Together, we can better understand how to leverage this opportunity through long-term planning and a more co-ordinated approach."

The first step for this new alliance will be to form a working group of Canadian companies who could be impacted by new build and further refurbishment. Together, they will consider strategies to deal with potential supply chain issues presented by a resurgent nuclear industry.

"We're considering multi-billion dollar investments in the next generation of nuclear assets, so the more planning we can do at the outset will help the manufacturing sector benefit from this," said Duncan Hawthorne, Bruce Power's President and CEO. "We have already committed more than $5 billion towards our restart and refurbishment project, which is demonstrating real and positive economic impacts on the province's economy."

About Bruce Power:

Bruce Power, Canada's first private nuclear generating company and the source of more than 20% of Ontario's electricity, is a partnership among Cameco Corporation, TransCanada Corporation, BPC Generation Infrastructure Trust, a trust established by the Ontario Municipal Employees Retirement System, the Power Workers' Union and The Society of Energy Professionals.

About CME:

Canadian Exporters & Manufacturers (www.cme-mec.ca) is Canada's largest trade and industry association. CME promotes the continuous improvement of Canadian manufacturing and exporting through engagement of government at all levels. Its mandate is to promote the competitiveness of Canadian manufacturers and enable the success of Canadian goods and services exporters in markets around the world. Representing Canada's largest business network, CME's membership is drawn from all sectors of Canada's manufacturing and exporting community and from every province across the country. The association represents Canada's leading global enterprises and more than 85% of CME's members are small and medium-sized enterprises. Together, CME's membership accounts for an estimated 75% of total manufacturing production and 90% of Canada's exports.

Contact Information

  • CME
    Jeff Brownlee
    (613) 238-8888 ext. 233
    or
    CME Ontario Division
    Ian Howcroft
    (905) 672-3466 Ext. 3256
    Website: www.cme-mec.ca
    or
    Bruce Power
    Steve Cannon
    (519) 361-6559
    Email: steve.cannon@brucepower.com
    or
    Bruce Power
    24-hour Duty Media Officer
    (519) 361-6161