Turning the Valve on Indigenous Economic Success

February 22, 2024 03:00 AM AEDT | By 3BL
 Turning the Valve on Indigenous Economic Success
Image source: Kalkine Media

In 2018, seven motivated employees in a 7,500-square-foot warehouse began valve modification work for the oil and gas industry.

Fast forward to 2023, and Alexander Valve and Supply is Canada’s first Indigenous community-owned valve and supply company—with $45 million in inventory, a strong track record of Indigenous employment, and hard-won expertise in the oil-and-gas, mining, refining, pulp-and-paper, and petrochemical markets.

A fantastic success story, to be sure . . .with plenty more training opportunities on the way.

In recent weeks, Enbridge officials made a joint announcement with leadership from Alexander First Nation, which holds a significant ownership stake in Alexander Valve and Supply, during the Nation’s Treaty Week gathering and celebrations near Morinville, AB.

At the Aug. 21 event, Enbridge announced a donation of 120 surplus valves to Alexander Valve and Supply. The donated valves will be used to train new or future employees, including members of the Alexander First Nation, in valve servicing and refurbishment.

“As CEO of ABC and also a member of the Nation, I want to thank Enbridge for their generous donation to our Valve company and ultimately to our Nation’s continued growth,” says Ian Arcand, President and CEO of the Alexander Business Corporation, the economic arm of Alexander First Nation.

“We started ABC in 2018, and with the support and guidance from Chief George Arcand Jr. and his council, we certainly are reaching our goals of creating long-term sustainable businesses on the Nation that meet our four main TIER business pillars—Training members, Investing back into our community, Employment. and generating own-source Revenue,” adds Ian Arcand.

“I look forward to working with Enbridge into the future based on a true business relationship that benefits both parties.”

Alexander Valve and Supply is an approved vendor for the likes of Enbridge and international manufacturer Valvitalia, and in 2022 produced the first Indigenous-made ball valve in Canada on First Nations land.

Enbridge’s donated valves range in diameter from ¾ inch to 42 inches, and create an opportunity for Alexander First Nation members and Alexander Valve and Supply employees to learn basic skills such as working with hand tools, cleaning, machining and painting.

“With every valve that Alexander refurbishes and sells, 100% of the profit goes to supporting community initiatives or putting community members through post-secondary school,” said Matt McPherson, manager of Enbridge’s Edmonton Terminal facility, during the Aug. 21 event.

“So, as (Alexander Valve and Supply President and CEO) Ken Braget has said, what might look like scrap to some people can actually be a way of helping to change an entire community forever,” he added.

“We at Enbridge commend Ken and the team at Alexander Valve for their vision in approaching us with the idea and making this donation a reality. It’s a real win-win for all involved, and we are happy to support such a great cause.”

A $10,000 Fueling Futures grant from Enbridge helped to support Alexander First Nation during its Treaty Week celebrations.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.
This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.


AU_advertise

Advertise your brand on Kalkine Media

Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.