(AGENPARL) – gio 29 giugno 2023 [Ontario Logo]
NEWS RELEASE
Ontario Welcomes $102 Million Investment in Growing Electric Vehicle Sector
Mitsui High-tec (Canada), Inc.’s new Brantford facility will help build province’s EV supply chain
June 29, 2023
BRANTFORD — The Ontario government is welcoming a $102.3 million investment by Mitsui High-tec (Canada), Inc. a manufacturer of motor cores, the basic structure of the motor used in electric vehicles (EVs). This investment, to expand the company’s Canadian operations, will create 104 highly skilled, good-paying jobs, while helping to build Ontario’s EV supply chain.
“Mitsui High-tec (Canada), Inc.’s investment to expand its Brantford-based facilities is a huge boost not only for the people of southwestern Ontario, but for our province’s growing manufacturing and auto sectors,” said Premier Doug Ford. “With great partners, we’re building an electric vehicle and battery supply chain and making Ontario an auto-manufacturing powerhouse once again.”
To support Mitsui High-tec (Canada), Inc.’s expansion, the government is investing $3.1 million through Invest Ontario, the province’s investment attraction agency.
“As the sole motor core parts manufacturer for EVs, Mitsui High-tec (Canada), Inc. plays an important role in Ontario’s auto and advanced manufacturing sectors,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade. “Their exciting new investment will create more good-paying jobs and help ensure that the cars of the future are built in Ontario by Ontario workers. Thank you, Mitsui High-tec (Canada), Inc., for choosing Ontario.”
Quick Facts
– Vehicle assembly and auto parts production directly supports approximately 97,000 workers in Ontario, as well as hundreds of thousands of indirect jobs. Ontario’s auto supply chain comprises over 700 parts firms, over 500 tool, die and mold makers, and over 300 connected and autonomous companies.
– Invest Ontario is Ontario’s investment attraction agency. The agency pursues major investments that create good, high-paying jobs, promote innovation and stronger supply chains in key sectors including the automotive, advanced manufacturing, life sciences and technology sectors.
Quotes
“Ontario has been a great place for Mitsui High-tec (Canada) Inc. to settle and build. With the growing focus on the Hybrid and EV industry in Canada, and our opportunity to strengthen the supply chain, Ontario is a fantastic location to be close to borders for export, with space and opportunity to continue growing. Brantford has specifically been a great place to expand into, as there is a healthy job force, and space for development. We are looking forward to continuing to foster our relationship with the region of Brantford and Province of Ontario in this next phase of expansion.”
– Yasushi Harada
President of Mitsui High-tec (Canada), Inc.
“Ontario continues to lead the way with EV production and innovation. With some of the best workers in the province, our desirable business environment and robust manufacturing sector, Brantford-Brant and Mitsui High-tec (Canada), Inc. will help build Ontario for generations to come and I welcome this announcement today.”
– Will Bouma