- Goodyear invests $418.6 million to expand and modernize its Napanee, Ontario, plant.
- The expansion will create 200 new full-time jobs and support EV and all-terrain markets.
- The project receives $48 million in incentives from federal, provincial, and local governments.
Goodyear’s expansion of its Napanee plant represents a major investment in Canada’s automotive and electric vehicle sectors, totaling $418.6 million.
Prime Minister Justin Trudeau highlighted that this investment is a testament to global confidence in Canada’s auto industry.
Goodyear’s $418.6M Plant Expansion in Ontario: A Boost for Canada’s EV Industry
Goodyear Tire & Rubber Company is set to invest $418.6 million to expand and modernize its plant in Napanee, Ontario. This significant investment is aimed at enhancing production for electric vehicles and all-terrain tires, with the facility expected to be operational by mid-2027. The expansion will introduce advanced technology to meet the growing demands of these markets.
The project will create 200 new full-time manufacturing jobs, providing a boost to the local economy. In addition to the job creation, the expansion is anticipated to support Canada’s broader automotive manufacturing supply chain, further integrating the country into the global EV market.
Government support has been a key factor in this development, with the federal government contributing $32.25 million through its Strategic Innovation Fund. The Government of Ontario is also providing $14.56 million for innovative technologies and skills training, while local municipalities are contributing an additional $1.46 million.
This move aligns with Canada’s strategic goals of fostering clean technology and sustaining job growth in the automotive sector. Goodyear’s commitment to the region underscores the country’s growing appeal as a hub for global automotive manufacturing and innovation.
The expansion of Goodyear’s Napanee plant not only signifies a substantial economic boost for the region but also underscores Canada’s increasing role in the global electric vehicle market. This investment reflects confidence in Canada’s automotive sector and its commitment to advanced, sustainable manufacturing practices.
“Companies from across the world are choosing Canada. Today’s announcement that Goodyear is modernizing its Napanee plant will create manufacturing jobs,
