New innovation, research centre to bring 1500 jobs
- Details
- January 17, 2018
Linamar, Canada’s second-largest auto parts maker, will open a new innovation and research centre in Guelph, Ontario, creating 1500 jobs over the next 10 years.
Linamar employs several thousand people in Guelph, Ontario where it already has an R&D facility, along with factories that build engine and transmission parts as well as industrial equipment.
The new centre is backed by around $100 million in federal and provincial financing. Ottawa is giving Linamar a grant of $49 million and Ontario is providing a conditional grant of $50 million.
In addition to helping get the new centre built, the money will also be used to develop advanced transmissions and drive trains, high-efficiency engine components, technologies such as 3D printing, artificial intelligence, electric and connected vehicles, and environmentally friendly automotive systems.
Brad Duguid, the Ontario Minister of Economic Development and Growth, said that together with the public-sector contribution, car companies and parts manufacturers have now invested more than $3 billion in the automotive sector since fall 2016.
Read more here.
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