Goodyear plant in Ontario

Goodyear Tire & Rubber Company has announced a $575 million investment to modernize and expand its plant in Napanee, Ontario, with support from both the federal and provincial governments. The project is set to create 200 new manufacturing jobs by 2027 and secure over 1,000 existing jobs. Federal funding includes up to $44.3 million from the Strategic Innovation Fund, alongside $20 million from Ontario's Invest Ontario program. The upgrades will enhance energy efficiency and increase production capacity for electric vehicle and all-terrain tires, aiming for net-zero emissions by 2040. Prime Minister Justin Trudeau and Premier Doug Ford emphasized this investment as a significant boost for Canada's growing electric vehicle sector and a testament to the country's skilled workforce. The announcement comes amidst concerns regarding other projects in the EV industry, highlighting the need for continued investment in this sector.