Sandvik commits $51M to Saskatchewan mining equipment plant

Sandvik, a multinational engineering and equipment manufacturer, is expanding its operations in Saskatchewan with a new $51 million facility in Saskatoon, Saskatchewan. Legislative Secretary Jamie Martens joined Sandvik representatives on behalf of Minister Warren Kaeding to break ground on the project, which will centralize mechanical cutting, parts, services, and aftermarket support for the mining sector across Central and Western Canada.

The new facility will bring work historically performed overseas to Saskatoon, creating approximately 30 new skilled labor positions in mechanical cutting, assembly, service, and maintenance. It expects to become operational later this year.

"Sandvik's investment will create new jobs and grow the economy while enhancing critical infrastructure needed to support the mining industry. Projects like this, along with our government's efforts to support long-term growth ensures our economy remains strong, safe and secure," Warren Kaeding, trade and export development minister, said.

"Building on the momentum of our recent Sudbury announcement, this facility is about expanding capability and readiness. The Saskatoon facility will strengthen our local presence in a key mining region and ensure we have the capacity, infrastructure and expertise to support our customers well into the future," Peter Corcoran, Sandvik Mining's vice president of sales area for Canada, stated.

Saskatchewan is a key region for critical minerals, hosting 27 of the 34 minerals Canada has identified as strategically important. Demand for these minerals is projected to increase significantly in the coming decades.

Kaeding reiterated, "Our government continues to place priority on driving innovation and creating new economic opportunities in the province. With this investment, Sandvik reinforces Saskatchewan's competitive and stable business environment that solidifies the province as the best place to do business in Canada."

The province has experienced substantial economic growth, with the value of Saskatchewan exports climbing from $19.8 billion in 2007 to an average of nearly $50 billion over the past three years. In 2024, Saskatchewan exported to 161 countries. The province also leads the nation in private capital investment growth.