Sydney Steel Corporation Business Plan 2005-06
The business plan is composed of the following sections:
- Planning Context
- Performance in Prior Year
- Strategic Goals
- Core Business Areas
- Budget Context
SYSCO’s mission is: To safely clean up and
redevelop the former steel plant site to a productive, self-sufficient
business property, providing opportunities for future economic development.
SERL’s mandate is: To provide technical and
administrative support and other resources to support SYSCO’s
mission, as well as the work of other organizations on a contractual,
as needed basis.
SYSCO and SERL report to the Minister of Transportation
and Public Works, Province of Nova Scotia and maintain a joint head
office at 1 Inglis Street, Sydney, Nova Scotia.
In 2004, SERL and SYSCO’s management teams increased their
cooperation and collaboration in achieving the SYSCO’s mission.
Currently, SYSCO's key activities include demolition, site cleanup,
the sale of scrap metal and slag, and the redevelopment of the site
as an industrial park. SERL works to support these initiatives with
technical and administrative expertise and other resources.
For the 2005-06 fiscal year, deconstruction of the site, which
is significantly well-advanced, will continue. Demolition is expected
to be complete in late summer, with scrap processing and sales to
continue until the end of the 2005/2006 fiscal period.
To date, decommissioning has been based on environmentally safe
practices, efficient processes, fiscal responsibility, accountability,
and harmonious relations with labour. The Corporations will continue
to contribute to the realization of these objectives, with the health
and safety of the work force and the community foremost in their
In order to accomplish the overall mission, the Corporations have
established a shared management team and trained local labour providing
the Corporations with the needed resources and employees with valuable
experience for future opportunities.
The steel plant area, with its significant port facilities and
slag quarry, has obvious potential as an industrial site. Consequently,
the Corporations anticipate deploying staff and resources for the
purpose of optimizing the potential of the site in the long-term
economic development of Cape Breton.
In partnership with provincial government agencies and departments,
the Corporations will assume an active role in the management, operation,
security, maintenance, and administrative services of the future
One of the key objectives is to maximize financial returns to the
shareholder in the sale of slag for commercial and non-commercial
application by having trained personnel, progressive work plans,
strong working relationships with regulators, and delivery of quantities
on time, within budget and without interruption. The Corporations
are working with Dalhousie University and the Nova Scotia Agricultural
College, as well as private businesses to develop value-added products
from air-cooled blast furnace slag production.
The Corporations are both directly and indirectly responsible for
the security of Nova Scotia’s industrial land holdings formerly
used in steel making.
For several years, The Corporations have provided support services
for the Sydney Tar Ponds Agency, and if required will maintain this
supporting role as the Tar Ponds Project moves forward.