Goodyear’s $575 Million Investment to Expand Ontario Plant and Create Over 1,000 Jobs
Napanee ON – Ontario’s auto and electric vehicle manufacturing sector is set to receive a significant boost with Goodyear Canada’s announcement of a major expansion project in Napanee. The company is investing over $575 million to enhance its local plant, a move that will generate and secure more than 1,000 jobs.
The substantial investment marks a pivotal moment for Ontario’s automotive industry, especially within the electric vehicle (EV) supply chain. The expansion aims to increase production capacity and support the growing demand for EV components, further solidifying the province’s role as a key player in the global automotive market.
Today, we welcomed more good news for workers in Ontario’s auto and electric vehicle manufacturing sector as @goodyear Canada announced more than $575 million to expand its plant in Napanee!
This investment will create and secure more than 1,000 jobs, adding even more capacity… pic.twitter.com/YOuRec9y9A
— Doug Ford (@fordnation) August 12, 2024
Premier Doug Ford, who welcomed the announcement, emphasized the positive impact on local employment and the broader economic benefits for the region.
The expansion aligns with the province’s broader strategy to bolster its manufacturing capabilities and support sustainable transportation initiatives. By enhancing its Napanee facility, Goodyear is contributing to the development of a robust and resilient local supply chain, which is crucial for the province’s ambitions in the electric vehicle sector.
The announcement has been met with enthusiasm from local officials and workers alike. Ric Bresee, MPP, praised the investment as a significant win for the community, while Victor Fedeli, Minister of Economic Development, highlighted the importance of supporting industries that drive innovation and job creation.
For more details on Goodyear Canada’s expansion and its impact on Ontario’s automotive sector, visit the official announcement here.
GTA Today will continue to monitor developments in this exciting project and its implications for the local economy and the automotive industry.
