Linamar to Invest Over $1 Billion in Ontario, Creating 2,300 Jobs
Guelph, ON – Ontario’s automotive sector received a significant boost with Linamar Corporation’s announcement of a $1 billion investment to expand its operations across the province. This expansion is expected to create more than 2,300 well-paying jobs and strengthen Ontario’s position as a leader in automotive innovation, particularly in the electric vehicle (EV) market.
Premier Doug Ford lauded the investment as a milestone for Ontario’s economy, especially in the face of evolving trade dynamics with the United States. “This investment will create good-paying jobs, strengthen our homegrown electric vehicle supply chain, and accelerate the production of Ontario-made EVs,” Ford said.
Headquartered in Guelph, Linamar will focus on advancing its production of EV and hybrid powertrain components, including eAxle systems and semiconductor packaging methods for EV batteries. The company also plans to expand its work in hydrogen fuel cell technology and battery storage solutions. These developments aim to improve vehicle efficiency, range, and charging times.
To support this initiative, the Ontario government is providing over $100 million in funding through Invest Ontario. Minister of Economic Development, Job Creation and Trade Vic Fedeli emphasized the government’s commitment to fostering innovation and economic growth. “Linamar’s billion-dollar investment will not only create thousands of new, good-paying jobs for Ontario workers, it will catalyze economic growth and reinforce our continued commitment to the province’s key sectors,” Fedeli said.
Linamar’s Executive Chair, Linda Hasenfratz, expressed enthusiasm for the partnership with both provincial and federal governments. “This partnership helps us realize our potential to lead advancements in mobility,” Hasenfratz stated, adding that the investment underscores Linamar’s dedication to innovation and positioning Canada as an industrial leader in the global automotive market.
Since 2020, Ontario has attracted more than $46 billion in investments from global automakers and EV component manufacturers. Linamar’s expansion is set to contribute significantly to this momentum, advancing the province’s role in shaping the future of automotive technology and sustainability.
As the automotive industry transitions to EVs and other sustainable technologies, Linamar’s investment reinforces Ontario’s reputation as a hub for cutting-edge manufacturing and innovation.
SOURCES Province of Ontario