Guelph-based manufacturer invests $1 billion to expand operations in Ontario
Posted Jan 28, 2025 11:28:35 AM.
Last Updated Jan 28, 2025 12:55:00 PM.
It’s a move that hopes to further cement Ontario as a leader in the development and manufacturing of electric and hybrid vehicles.
Guelph-based advanced manufacturing company Linamar is investing $1 billion dollars in expanding it’s operations across the province, creating more than 2,300 jobs.
Linamar has locations across North America, Europe, and Southeast Asia, and employs more than 33,000 people globally.
“Linamar’s investment marks another major milestone in the company’s ongoing success in Ontario,” Premier Doug Ford said. “At a time when we face a new administration in the White House and the potential threat of tariffs on Canadian goods, this investment will create good-paying jobs, strengthen our homegrown electric vehicle supply chain and accelerate the production of Ontario-made EVs. It will help ensure that the components needed for the cars of the future are made right here in Ontario, by Ontario workers.”
As part of the expansion, the provincial government has granted Linamar a $100.3 million grant through Invest Ontario, and the federal government has funded $169 million through the Strategic Innovation Fund.
According to Ontario’s Minister of Economic Development Vic Fedeli, U.S. President Donald Trump’s potential tariffs could disrupt the auto sector across both nations.
“The Trump tariff threat has put a horrible chill on our business. All of the prospects that we’re dealing with are somewhat on pause,” noted Fedeli.
According to the minister, the province’s investment in the auto sector over the last four years has generated $46 billion of business.
“If President Trump puts tariffs on auto, it will seize the auto sector within a matter of weeks and make him fully aware that you can’t just replace these things that they make,” said Fedeli. “It’d take a year, 18 months to engineer the parts that they make to make them somewhere else in the States.”