Honda Announces Major Investment in Ontario
New investment brings Honda’s total Canadian facilities investment to over $4.7 billion.
Honda of Canada Mfg. will invest $492 million in its Ontario manufacturing plants over the next three years, which, the company says, will allow them to modernize their Ontario manufacturing facilities and significantly improve their manufacturing carbon footprint.
Honda Canada is partnering with the Government of Canada and the Government of Ontario on this program, with each providing conditional grants of up to $41.8 million.
“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%, further reducing our manufacturing carbon footprint in Canada,” said 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.”