Sydney Steel Corporation Business Plan 2003-04
The business plan is composed of the following sections:
- Planning Context
- Sale of Scrap Steel
- Site Re-Development
- Key Tenants
- Sydney Ports Access Road
- Sale of Assets
- Strategic Goals
- Core Business Areas
- Budget Context
To clean up and redevelop the site as a productive, self-sufficient
business property, providing opportunities for the future.
Sysco was established in 1967 by an Act of the Legislature, with the
short-term objective of continuing the operations “…for
a sufficient time to assess the long-term future…” of
This move led to more than 30 years of government participation
in the operation of Sydney Steel. The most recent of those years
saw several attempts to sell the plant to the private sector. Ultimately
changing technology and world market patterns brought an end to
Sydney’s steel industry. Despite best efforts, the last attempt
to sell the plant concluded unsuccessfully in January 2001.
At this time, the province announced that it would move to liquidate
the assets of the plant and embark on a plan for cleanup and redevelopment
of the site. The province instructed receivers Ernst & Young
to sell the corporation’s assets.
The priority of that year centered around taking care of responsibilities
to Sysco’s workforce. Before the end of the year, all employees
had received severance or retirement packages. During this same
period, a demolition firm was hired to remove the majority of the
buildings on the site. Environmental clean up was budgeted for and
initial work began. And finally, a land use planning company was
hired to develop a plan for future site uses and redevelopment.
Overall, Sysco’s key activities now include demolition, sale
of scrap steel, sale of slag, site clean up and redevelopment as
an industrial park with appropriate green space. The year 2002 has
seen a number of changes and initiatives aimed at building a new
future for the site, and thus, the local economy.
Performance in Prior Year
-- To date, demolition is approximately 60 per cent complete –
on time and on budget. Twenty-five buildings and structures have
been removed, including the machine shop, calcite plant, and old
roll shop. Other buildings will be maintained for use in the planned
Considerable activity is taking place with former steelworkers
employed on site, doing essential demolition activities and clean
up. Throughout the summer of 2002, approximately 80 former steelworkers
were employed on site.
Safety is Sysco’s first priority on the demolition project
– for workers and for the community. Overall, there is a commitment
to meet or exceed all requirements of Nova Scotia’s Occupational
Health and Safety Act and Regulations. There is a detailed safety
plan in place and a commitment to continuous improvement in policies
and practices. In addition, Sysco has a full time safety officer
as a watchdog for the entire project.