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201504 Aug

Partnership

 

Ontario has entered into a partnership with Toyota Motor Manufacturing Canada to invest in innovative new technology and secure the long-term future of the company’s Cambridge and Woodstock assembly plants.

               

A new metal stamping line at the Woodstock plant will double capacity and increase productivity in a range of high-grade steels and lightweight alloys—a first for the company in North America. The investment will not only reduce the need to import parts, but will also enable Toyota’s Ontario operations to begin exporting to their U.S. plants.

 

Equipment and technology upgrades at the Cambridge plant will prepare the facility to produce the next generation of Lexus vehicles. For the first time outside of Japan, Toyota’s specialised welding technology will be used.

 

Ontario will provide a conditional grant of up to USD 42.1 million (around Rs 270 crore). The funding will help to create 25 new, highly skilled jobs and secure approximately 8,000 jobs in Toyota’s Ontario manufacturing operations. This investment also supports thousands of direct and indirect jobs across Ontario’s automotive supply chain.

 

Maintaining an innovative and sustainable auto sector is part of the government's economic plan for Ontario. The four-part plan includes investing in people's talents and skills, making the largest investment in public infrastructure in Ontario's history, creating a dynamic, innovative environment where business thrives, and building a secure retirement savings plan.

 

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