Linamar invests $500 Million in Ontario, Canada

GUELPH, Ontario, Jan. 13, 2015 /PRNewswire/ -- Ontario, Canada announced today that Ontario is partnering with Linamar to invest a total of $506.8 million, which will include $50.25 million in support from Ontario and create 1,200 jobs over the next 10 years.

Linamar is a global auto parts manufacturer based in Guelph, Ontario. The company is investing in its research and development facilities to enhance the long-term competitiveness of its Ontario operations.

Linamar selected Ontario for this major development project because of Ontario's highly skilled workforce and R&D capabilities. The investment will enable the company to develop and produce components for the next generation of fuel-efficient cars and capture a growing share of the North American automotive market.

QUOTES

"Linamar is a true Ontario success story. My government is proud to support the next phase of its growth and help create high-quality jobs for our province. By partnering with companies like Linamar, we are positioning the province for growth now, and for years to come."
— Kathleen Wynne, Premier of Ontario

"Today's announcement with Linamar is a great example of our auto strategy in action. It demonstrates Ontario's ongoing commitment to partnering with the auto industry and its workers to create long-term growth and global competitiveness. Our investments to date have leveraged more than $10 billion in industry investment, and our government will continue to partner with the auto sector and the federal government to attract investment, foster innovation and create high-value jobs."
— Brad Duguid, Minister of Economic Development, Employment and Infrastructure

"We are thrilled with the support shown by both the Ontario and federal governments towards this investment in our Ontario plants. Our Canadian plants are our most productive globally thanks to a talented, skilled workforce with an amazing work ethic and a dedication to process and product innovation throughout our company. That combination of innovation and efficiency are what make us competitive on a global scale. It is critical for our governments to also create a competitive environment for companies to invest and they certainly have done so today with this funding in addition to a competitive tax rate and support for innovation and education unparalleled globally. We are thrilled with this partnership for success!"
— Linda Hasenfratz, Chief Executive Officer, Linamar Corporation

QUICK FACTS

• Ontario is among the top vehicle producers in North America and is the only subnational jurisdiction in the world with the top 5 auto assemblers: Chrysler, Ford, General Motors, Honda and Toyota.
• Ontario is a leader in high quality automotive production. Since 1990, one-third of all J.D. Power & Associates Initial Quality Study Awards awarded in North America have gone to Ontario plants.
• Ontario achieved a number one ranking for greenfield capital investment in North America during 2013 according to fDi Intelligence, the research division of the Financial Times of London.

LEARN MORE

Discover why Ontario is a great place to do business.

Patricia Pytel
Media Relations, Ministry of Economic Development, Employment and Infrastructure and Ministry of Research and Innovation
[email protected]
416-327-8313
ontario.ca/newsroom

Or

Margy Sweeney
Akrete Communications
[email protected]
312-612-0343

Photo - http://photos.prnewswire.com/prnh/20150113/168911

SOURCE Ontario, Canada Ministry of Economic Development, Employment and Infrastructure

Related Links

http://www.investinontario.com