CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

LATEST MAGAZINE

CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

Dana Canada Corporation investing $60M to expand capacity in Oakville and Cambridge plants

Share This Post
To support Dana Canada's capacity expansion, the Ontario government is providing the company with $2.5 million through Invest Ontario. PHOTO courtesy Dana Canada.

Dana Canada Corporation, a manufacturer of drivetrain and electric propulsion motor systems, is making a significant investment to expand the company’s manufacturing capacity of thermal management systems, a key component for electric vehicle (EV) batteries and electronics.

The expansion will involve the Dana’s two facilities in Oakville and Cambridge, Ontario. Dana’s approximately $60 million (CAD) investment will position the Cambridge facility as one of its primary manufacturing sites in Canada, in addition to supporting operational growth at the Oakville Technology Centre. These expansion efforts are expected to create 105 new jobs in these communities and the surrounding area.

To support this investment, the Ontario government is providing the company with $2.5 million through Invest Ontario, the government’s investment attraction agency. Dana’s expansion will play a key role in accelerating the province’s Driving Prosperity plan, a 10-year government strategy geared at transforming Ontario’s automotive supply chain and positioning the province as a North American leader in electric and battery EV manufacturing.

“Dana is grateful for the support we have received from the province of Ontario as we continue to grow our operations here to manufacture advanced technologies,” said Antonio Valencia, Dana President of Power Technologies and Global Electrification. “Dana’s thermal-management expertise has been led from our Technology Centre in Ontario since the 1950s, so it is exciting to witness the continued growth of this important technology in the province.”

Over the last three years, Ontario has attracted over $27 billion in transformative investments from global automakers, parts suppliers, and manufacturers of electric vehicle batteries and battery materials.

Share This Post


Recent Articles



WordPress Ads
Wordpress Social Share Plugin powered by Ultimatelysocial
error

Enjoy this post? Share with your network