Business Bulletins News

IW Business Bulletin – January 6, 2023

STCI Power Solutions Signing. Pictured Left to Right: Crystal I. Fafard, B.A. (Hons.), J. D., Board Chair, STC Industrial Group; Tribal Chief Mark Arcand; Tom Boehm, General Manager, Team Power Solutions.

New company created by Team Power Solutions and STC Industrial Contracting

Team Power Solutions and STC Industrial Contracting announced the creation of their new entity, STCI Power Solutions. The new company will supply custom power and controls products for the mining and utility industry and build capacity for Indigenous business.

“The Saskatoon Tribal Council is thrilled to partner with Team Power Solutions to create STCI Power Solutions,” said Saskatoon Tribal Council Chief Mark Arcand. “This partnership is another avenue to help our Indigenous people become industry leaders when it comes to the emerging opportunities in the Saskatchewan mining sector. Team Power Solutions is a home-grown company that is world renowned and this partnership creates the only majority held Indigenous business in the market.”

The majority ownership in the company is Indigenous.

“This partnership is a great fit for us,” said Shaun Howdle, president and CEO of STC Industrial Group. “When we are exploring new partnership opportunities we are looking for partners that believe in our vision for the development of Indigenous business and support for careers for Indigenous people, and Team Power has that. STCI Power Solutions combines the knowledge and expertise of Team Power Solutions in the supply & manufacturing of electrical equipment with our local Indigenous owned and staffed facilities for a unique industry solutions provider. We’re excited to partner with Team Power Solutions and look forward to supplying the Saskatchewan market with top quality Indigenous and locally built products and services.”

Alex Fallon, SREDA

Alex Fallon, SREDA

Fallon departing SREDA

Saskatoon Regional Economic Development Authority (SREDA) president and CEO Alex Fallon is leaving the organization after eight years in the role.

“On behalf of the SREDA Board, I want to extend our thanks to Alex for his leadership over the past eight years. It has been a successful period for the organization. SREDA has a solid foundation and is well positioned for continued success. We wish Alex all the best with his new challenge,” said Cam Broten, SREDA’s board chair. Fallon leaves SREDA on Jan. 13, 2023.

Thyssen Mining appoints new CEO

Regina-based international mining construction firm Thyssen Mining announced Jan. 5 that Colin Wilson has been named the company’s new CEO. Wilson worked with Thyssen Mining previously, and rejoins the company after 10 years as vice president, operations and chief operating officer at another mining services provider.

Protein Industries Canada open applications for AI projects

Protein Industries Canada announced Jan. 5 that it will open a hew round of Expressions of Interest applications for its Artificial Intelligence Program on Jan. 9.

“Artificial intelligence technology has the potential to make our sector more efficient and more sustainable,” Protein Industries Canada CEO Bill Greuel said. “As companies across Canada look towards how they can incorporate new forms of this valuable technology into their toolkits, it’s important they have the knowledge, skills and support in place that helps them adopt and implement it properly. Our Artificial Intelligence Program is one way of helping make that happen.”

The round of Artificial Intelligence Program intakes closes on Feb. 15, 2023. Learn more at Protein Industries Canada.

Saskatchewan sees rise in merchandise exports

The province saw merchandise exports grow by 44.5 per cent in November 2022 from the same time the previous year. As well, in the first eleven months of 2022, merchandise exports in Saskatchewan increased by 43.5 per cent, compared to the same period in 2021, placing Saskatchewan second among the provinces in percentage change.

“We have a secure and stable supply chain in Saskatchewan, providing the food, fuel, fertilizer and critical minerals that a growing world needs,” Trade and Export Development Minister Jeremy Harrison said. “Our government remains committed to supporting and expanding our export sectors in order to create jobs, generate wealth and attract investment to our province.”

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