Goodyear Tire will invest over $575 million to modernize and expand its plant in Napanee, Ont., which in turn will help the company create an energy-efficient, end-to-end manufacturing process and boost its production capacity — including electric vehicle and all-terrain tires.
In a news release, Goodyear said the project will create 200 new manufacturing jobs by 2027 and secure more than 1,000 jobs in the area. It also aims to get the Napanee plant to net-zero emissions by 2040.
“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,” said Prime Minister Justin Trudeau in a statement. “It’s another vote of confidence in Canada’s auto sector (for) workers.”
Goodyear will receive up to $44.3 million in federal funding from the Strategic Innovation Fund for the expansion project, while the Government of Ontario, through Invest Ontario, will contribute $20 million. The latter funding will be used to support key project components, such as innovative technologies and skills training programs.
Both Prime Minister Justin Trudeau and Ontario Premier Doug Ford were in attendance for the announcement on Aug. 12 joining representatives from the Goodyear Tire and Rubber Company to announce the company’s project.
