Goodyear spending $575M to expand Ontario plant, produce EV tires

Goodyear Canada is planning to spend more than $575 million to expand and modernize a plant in Napanee, Ont. The investment is to help Goodyear increase production of electric vehicle and make its processes more energy efficient.

Prime Minister Justin Trudeau and Premier Doug Ford joined representatives from The Goodyear Tire company for the announcement on August 12 at the factory in Napanee. The project is getting financial support from both levels of government.

Goodyear is set to receive up to $44.3 million from the federal Strategic Innovation Fund and $20 million through the provincial Invest Ontario.

The project is expected to create 200 new manufacturing jobs by 2027 and secure more than 1,000 jobs in Napanee. It should also get the plant to net-zero emissions by 2040.

Trudeau says Goodyear’s announcement is another vote of confidence in Canada’s auto sector workers.