Goodyear Tire and Rubber Company announced it’s committing $575 million to modernize and expand its plant in Napanee, Ontario, a move expected to boost EV tire production.
In a joint announcement with Prime Minister Justin Trudeau and Ontario Premier Doug Ford, Goodyear revealed plans to upgrade its facility, focusing on energy-efficient manufacturing processes and increased output, particularly for electric vehicle and all-terrain tires. The expansion is projected to generate 200 new manufacturing jobs by 2027 while securing more than 1,000 existing positions at the plant.
A key aspect of the project is Goodyear’s goal to achieve net-zero emissions at the Napanee plant by 2040, aligning with Canada’s national targets for reducing greenhouse gas emissions. The federal government will support the project with up to $44.3 million in funding from the Strategic Innovation Fund, while the Ontario government will contribute $20 million through Invest Ontario. These funds will assist in the implementation of new technologies and training programs.
This investment is part of a broader trend in Ontario’s growing electric vehicle sector, the announcement said. The modernization of Goodyear’s plant is expected to have a significant impact on the local economy and the province’s role in the global EV market.
Trudeau described the project as a positive development for Canada’s manufacturing sector, particularly in the automotive industry.
“Goodyear’s modernization of its Napanee plant will create manufacturing jobs and support the growth of our EV industry,” he said.
Ford highlighted the broader economic benefits for Ontario, noting that the province’s transportation infrastructure and skilled workforce continue to attract major investments in the EV sector.
“Goodyear Canada’s investment builds on the billions already invested in Ontario’s EV supply chain,” Ford said.
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