Magna announced it is investing more than $470 million to expand its operations across Ontario.
The growth includes a new battery-enclosures facility in Brampton to support the Ford F-150 Lightning and future OEM programs.
In addition to the Brampton facility, Magna says it is growing in its locations in Guelph, Belleville, Newmarket, Windsor and Penetanguishene. These expansions follow new-business awards from various automakers in key product areas. They are also supported by $23.6 million in grants from the Ontario government to bring additional high-quality jobs to the region with ongoing training and development programs for employees.
Magna says the new and expanded operations are expected to bring more than 1,000 new jobs to Ontario over the next few years.
“Magna’s roots in Ontario run deep, and we are excited about opening a new facility dedicated to a strategic electrification product,” said Eric Wilds, Magna chief sales and marketing officer. “The Brampton facility, coupled with investment and growth in five existing Ontario facilities, allows Magna to keep up with customer demands across several product areas. We are excited to bring new business, more investment and additional jobs to Ontario.”
“This investment represents another tremendous show of confidence in the growing strength and resilience of our province’s auto sector,” said Premier Doug Ford. “Together, with our industry partners, we’re putting Ontario back on the map as we build up Ontario’s electric vehicle supply chain from mining to manufacturing. The cars of the future and the batteries that power them will be built right here in Ontario, by Ontario workers.”