Ontario and Canada are partnering with Linamar to advance auto technology, boost R&D and help create up to 1,500 new jobs, as well as retain around 8,000 others in the province.
Ontario is providing Linamar with a conditional grant through the Jobs and Prosperity Fund of up to CS$50m (US$40m) as part of a project with overall eligible costs of up to CS$500m.
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The project duration is until 2024 with job commitments lasting to 2029. The Government of Canada is also providing matching funding towards the operation.
Brad Duguid, Ontario Minister of Economic Development and Growth, and Navdeep Bains, Federal Minister of Innovation, Science and Economic Development, were in Guelph to make the announcement.
The investment will help Linamar:
- Manufacture next-generation transmission and drivetrain components and systems
- Build high-efficiency engine components
- Develop and produce electrified and connected vehicle technologies
- Create a dedicated Innovation Centre focused on artificial intelligence, machine learning, collaborative robotics and lightweight components.
“Ontario’s auto industry continues to attract investment, even in the midst of uncertainty about NAFTA, which proves our foundational strength when it comes to building and developing new vehicles,” said Duguid.
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By GlobalData“Partnerships like this one support our long-term competitiveness and help Ontario continue to lead the way in transformative vehicle technologies.”
