By Robin MacLennan
Ontario Construction Report staff writer
Goodyear Canada has unveiled a $575 million initiative to modernize and expand its Napanee plant, transforming it into an energy-efficient hub with increased production capacity for electric vehicle and all-terrain tires. This expansion will support Goodyear’s goal of achieving net-zero emissions by 2040, aligning with Canada’s broader objective of reaching a net-zero economy by 2050. The revamped facility is expected to reduce greenhouse gas emissions by 10% by 2030 and achieve net-zero emissions by 2040.
Premier Doug Ford highlighted the significance of this investment, noting, “Goodyear Canada’s commitment further strengthens Ontario’s growing electric vehicle sector. This investment builds on the billions allocated to the sector over the past four years. Ontario’s robust transportation infrastructure, competitive business environment, and skilled workforce make it an ideal location for major investments.”
Goodyear Canada Inc. will benefit from up to $44.3 million in federal funding through the Strategic Innovation Fund, while the Government of Ontario, via Invest Ontario, will contribute $20 million to support crucial aspects of the project, including innovative technologies and skills training programs.
“This commitment highlights our long-term dedication to Canada and enhances our capacity to meet evolving customer needs. We are grateful for the support from federal, provincial, and local governments and proud of our Napanee team’s role in advancing tire manufacturing,” said Mark Stewart, CEO and President of Goodyear.
The expansion will take place at Goodyear Canada’s existing Napanee site. Founded in 1898, Goodyear is a leading global tire manufacturer with approximately 71,000 employees across 54 facilities in 21 countries.