Goodyear Canada announced a significant investment of over $575 million to expand and modernize its Napanee, Ontario plant, focusing on the production of electric vehicle (EV) and all-terrain tires. This expansion aims to enhance the facility’s energy efficiency and help it achieve net-zero emissions by 2040. The project is supported by both the federal and provincial governments, with contributions of $44.3 million from the federal Strategic Innovation Fund and $20 million from Ontario’s Invest Ontario.
Prime Minister Justin Trudeau and Ontario Premier Doug Ford were present at the announcement, highlighting the investment as a vote of confidence in Canada’s auto sector and workforce. The expansion is expected to add 200 highly skilled jobs by 2027, with Goodyear President and CEO Mark Stewart expressing appreciation for the strong partnership with government bodies and the local community.
This investment comes amid a mixed landscape for EV manufacturing in Ontario, with recent setbacks such as Umicore halting spending on a battery materials plant and Ford delaying EV production plans. Despite these challenges, Trudeau defended Canada’s push to lead in the EV industry, emphasizing the country’s top position in EV supply chains globally.
The project aligns with Goodyear’s commitment to sustainability, aiming to make the Napanee plant a net-zero emissions facility by 2040.
