News
Goodyear Canada Inc. to invest more than $575M in Ont. plant, creating jobs

NAPANEE — On Aug. 12, the Premier of Ontario, Doug Ford and the Prime Minister of Canada, Justin Trudeau, joined representatives from The Goodyear Tire & Rubber Company to announce the company’s more than $575 million project to modernize and expand its plant in Napanee, Ontario. This investment will help Goodyear create an energy-efficient, end-to-end manufacturing process and increase its production capacity, including EV and all-terrain tires.

The project will create 200 new manufacturing jobs by 2027 and secure more than 1,000 jobs in Napanee. This project will reportedly get the Goodyear Napanee plant to net-zero emissions by 2040 as well.

“Goodyear Canada’s investment is another significant boost to Ontario’s growing electric vehicle sector, building on the billions of dollars that have been invested in the sector over the past four years,” said Premier Ford. “Across Ontario, we’re seeing major investments and new jobs created as we build out our end-to-end EV supply chain, connecting critical minerals in Northern Ontario to world-class manufacturing across the province. Companies are choosing Ontario because of our transportation infrastructure, our competitive business environment and our skilled workforce.”

“Companies from across the world are choosing Canada,” said Prime Minister Trudeau. “Today’s announcement that Goodyear is modernizing its Napanee plant will create manufacturing jobs, grow our EV industry and use modern technology to keep our air clean. It’s another vote of confidence in Canada’s auto sector workers.”

Goodyear Canada Inc. will receive federal funding of up to $44.3 million from the Strategic Innovation Fund for this expansion project.

The Government of Ontario, through Invest Ontario, will contribute $20 million to support key components of the project, including the implementation of innovative technologies and skills training programs.

“Today’s announcement reinforces our long-term commitment to Canada and enhances our agility and flexibility, positioning Goodyear to meet the evolving needs of our customers now and in the future,” said Mark Stewart, Chief Executive Officer and President, Goodyear. “We are appreciative to the federal, provincial and local governments for their support and to our Napanee associates for their dedication to building the next generation of tires.”

“Today’s announcement highlights Canada’s growing and dynamic EV sector. This investment will generate high-quality jobs, boost our economy and continue to place the climate at the forefront of our economy. It is these investments in growth sectors that keep Canada as a trusted partner to international companies and allow us to remain a top destination for global investments,” said Mary Ng, Minister of Export Promotion, International Trade and Economic Development.