Goodyear Canada invests over $575M to expand Ontario plant

Goodyear Tire and Rubber Company is investing more than $575 million to modernize and expand its plant in Napanee, Ont., which Goodyear says will 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, highly skilled manufacturing jobs by 2027 and secure more than 1,000 jobs in Napanee. Goodyear says this project will get its Napanee plant to net-zero emissions by 2040.

“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 Ontario Premier Doug 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.”

Goodyear Canada 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, CEO 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.”