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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, Ont.
The 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.
“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,” said Trudeau.
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.
“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,” said Mark Stewart, CEO and president, Goodyear.
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.
“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,” said Ford.
“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,” said Terry Richardson, Mayor of Greater Napanee. |
