Honda to invest $492 M in Ontario manufacturing plants
- January 9, 2017
Honda Canada plans to invest $492 million in its Ontario manufacturing plants over the next three years to modernize is operations.
The new investment brings Honda's total Canadian facilities investment to over $4.7 billion. In 1986, Honda became the first Japanese auto maker to build a manufacturing facility in Canada.
Honda Canada is partnering with the Government of Canada and the Government of Ontario on this program. Both the federal and Ontario governments will provide conditional grants up to $41.8 million each, representing 17 per cent of Honda Canada's investment.
"Thank you to both the federal and Ontario governments for creating an environment which will allow us to further modernize our manufacturing facilities and make innovative upgrades possible, including building a state-of-the-art paint shop which will reduce the GHG emissions from our paint process by 44 per cent, further reducing our manufacturing carbon footprint in Canada," says Jerry Chenkin, president and CEO, Honda Canada Inc. "As a result of these upgrades, HCM will continue to provide thousands of well-paying, high quality jobs in Alliston and throughout Canada."
This investment will allow for further research and development activities to advance the latest manufacturing technologies. With these new investments, Honda and HCM will continue to be a formidable contributor to the economic well-being of Canada's automotive industry.
Navdeep Bains, federal Minister of Innovation, Science and Economic Development says that the government's support for "advanced manufacturing platforms and clean technology in the auto sector is a key part of our plan to drive ecnomic growth through innovation to create a better Canada. That means better jobs, better opportunities and better living standard for all Canadians."
Adds Brad Duguid, Ontario Minister of Economic Development and Growth, "technology and innovation never stand still, so it's essential that Ontario's auto sector remains globally competitive. Honda is a cornerstone of our sector—accounting for about 17 per cent of Ontario's vehicle output. With this partnership, the company and provincial and federal governments are joining forces to ensure that Honda's skilled Alliston team remains a leader in building the vehicles of tomorrow."