NAPANEE,
ON, Aug. 12, 2024 /CNW/ - From mining critical
minerals to building cars and batteries, Canada is attracting historic investments to
help secure and create jobs, grow our economy, and keep our air
clean. In the last four years, we've seen companies announce more
than $46 billion in electric vehicle
(EV) manufacturing investments across Canada. They want a reliable partner with
world-class talent, and this is exactly what we have to offer.
Today, the Prime Minister, Justin
Trudeau, and the Premier of Ontario, Doug
Ford, joined representatives from the Goodyear Tire and
Rubber Company to announce the company's more than
$575 million project to modernize and expand its plant in
Napanee, Ontario. This investment
will help Goodyear create an energy-efficient, end-to-end
manufacturing process and increase its production capacity,
including of EV and all-terrain tires.
The project will create 200 new, highly skilled manufacturing
jobs by 2027 and secure more than 1,000 jobs in Napanee. This project will get Goodyear's
Napanee plant to net-zero
emissions by 2040, helping achieve Canada's goal of a net-zero economy by
2050.
Goodyear Canada will receive
federal funding of up to $44.3 million from the Strategic Innovation
Fund for this expansion project.
The Government of Ontario,
through Invest Ontario, will contribute $20 million to support
key components of the project, including the implementation of
innovative technologies and skills training programs.
The company will leverage existing collaborative programs to
help ensure Canada remains a world
leader in the EV sector.
Goodyear's modernization project is another vote of confidence
in Canada, and today's
announcement highlights Canada's
growing and dynamic EV sector. This investment will generate
high-quality jobs, boost our economy, and continue to place the
climate at the forefront of our economy. It is these investments in
growth sectors that make Canada a
trusted partner for international companies and allow us to remain
a top destination for global investments.
Quotes
"Companies from across the world are choosing Canada. Today's announcement that Goodyear is
modernizing its Napanee plant will
create manufacturing jobs, grow our EV industry, and use modern
technology to keep our air clean. It's another vote of confidence
in Canada's auto sector
workers."
— The Rt. Hon. Justin Trudeau, Prime
Minister of Canada
"Goodyear Canada's investment
is another significant boost to Ontario's growing electric vehicle sector,
building on the billions of dollars that have been invested in the
sector over the past four years. Across Ontario, we're seeing major investments and
new jobs created as we build out our end-to-end EV supply chain,
connecting critical minerals in Northern
Ontario to world-class manufacturing across the province.
Companies are choosing Ontario
because of our transportation infrastructure, our competitive
business environment, and our skilled workforce."
— The Hon. Doug Ford, Premier of
Ontario
"Today's announcement is another great step toward the
modernization of Canada's
automotive sector. By partnering with Goodyear Canada, we're
driving Canada to the forefront of
the clean economy. This investment represents a significant
advancement toward innovation in tire technology, helping to
modernize the industry. It will not only create high-quality jobs,
but also generate substantial economic benefits for Ontarians,
reinforcing our commitment to a strong and sustainable automotive
sector."
— The Hon. François-Philippe
Champagne, Minister of Innovation, Science and Industry
"Today's announcement highlights Canada's growing and dynamic EV sector. This
investment will generate high-quality jobs, boost our economy, and
continue to place the climate at the forefront of our economy. It
is these investments in growth sectors that keep Canada as a trusted partner to international
companies and allow us to remain a top destination for global
investments."
— The Hon. Mary Ng, Minister of
Export Promotion, International Trade and Economic Development
"Boasting a wealth of critical minerals, a highly skilled
workforce, and a thriving advanced manufacturing sector,
Ontario has emerged as a North
American leader in the production of electric vehicles, with over
$43 billion in new auto investments over the past four years.
Goodyear's investment in their Napanee production facility represents another
essential link in our province's growing and dynamic end-to-end EV
supply chain. Thank you, Goodyear, for your continued commitment to
Ontario's talented auto sector
workers."
— The Hon. Vic Fedeli, Ontario's Minister of Economic Development,
Job Creation and Trade
"I am excited to see this announcement of a substantial
investment in Goodyear Napanee. Goodyear Canada is Greater
Napanee's largest employer and has been an exemplary
corporate partner in our region for over 35 years. They are an
integral part of the growth and success of our community. This
investment will ensure further growth for our region well into the
future. On behalf of the Town of Greater
Napanee, I would like to thank our federal and provincial
partners for this investment in Goodyear Napanee and our
community."
— His Worship Terry Richardson, Mayor of Greater Napanee
"Today's announcement reinforces our long-term commitment to
Canada and enhances our agility
and flexibility, positioning Goodyear to meet the evolving needs of
our customers now and in the future. We are appreciative to the
federal, provincial, and local governments for their support and to
our Napanee associates for their
dedication to building the next generation of tires."
— Mark Stewart, Chief Executive
Officer and President, Goodyear
Quick Facts
- Goodyear Canada's modernized
facility in Napanee, Ontario, is
also supported by incentives from the Town of Greater Napanee, the Township of
Stone Mills, and the County of
Lennox and Addington, as a result of a newly launched Community
Improvement Plan.
- This project will take place on the same land as Goodyear
Canada's existing Napanee
facility.
- The modernized facility will reduce greenhouse gas emissions at
Goodyear Canada's Napanee facility
by 10 per cent by 2030, and by 100 per cent by 2040.
- In addition to creating and maintaining jobs, this project will
continue to support new co-op opportunities for students every
year.
- Founded in 1898, Goodyear is one of the world's largest tire
companies. It employs about 71,000 people and manufactures its
products in 54 facilities across 21 countries around the
world.
- Canada's automotive sector
builds more than 1.5 million vehicles each year – one every 21
seconds. It supports nearly 550,000 direct and indirect jobs,
contributed $18 billion to Canada's gross domestic product in 2023, and
is one of the country's largest export industries.
- Investing in cleaner transportation is key to achieving our
economic and environmental goals and delivering on Canada's 2030 Emissions Reduction
Plan: Clean Air, Strong Economy.
- The Strategic Innovation Fund provides major investments in
innovative projects that help grow Canada's economy for the well-being of all
Canadians.
Associated Links
- Strategic Innovation Fund
- Goodyear Canada
This document is also available at https://pm.gc.ca
SOURCE Prime Minister's Office