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Area Development - Site Selection, Facility Planning and Workforce Development

South Korea-Based Hanon Systems Plans Woodbridge, Ontario, Manufacturing Operations

11/09/2024
South Korea-based Hanon Systems, a supplier of automotive thermal and energy management solutions, plans to establish operations in Woodbridge, Ontario, Canada. The $155 million project is expected to create approximately 300 jobs by the end of 2026.

The new facility will manufacture e-compressors for electric vehicles.

“We are pleased to expand our manufacturing presence to increase proximity to vehicle manufacturers and better meet customer demand. This expansion also demonstrates our commitment to growth and proves customer confidence in our ability to deliver electric compressors to the market,” said Nurdal Kücükkaya, President and co-CEO of Hanon Systems.

Subject to reaching a definitive agreement, the Invest Ontario Fund will support the project with a $10 million grant.

“Our province has all of the elements necessary to build the electric vehicles of the future, including leading global parts manufacturers like Hanon Systems who are continuing to choose Ontario to expand and grow their operations. Hanon Systems’ investment in Woodbridge will create hundreds of local jobs for our world-class auto workers and strengthen our reputation as a North American leader in automotive manufacturing,” noted Hon. Vic Fedeli Minister of Economic Development, Job Creation and Trade.

Hanon Systems is a full-line supplier of automotive thermal and energy management solutions for electrified and conventional vehicles. The company offers a wide range of solutions in the areas of heating ventilation and air conditioning; powertrain cooling; compressor; fluid transport; and electronics and fluid pressure. Hanon currently operates 50 manufacturing sites and three regional innovation centers across 21 countries.

“Hanon Systems’ latest expansion, which adds to their decades-long success here, once again demonstrates why Ontario is the place for auto companies to grow and transition to an electric future. At Invest Ontario, we remain focused on supporting investors along their journey with expertise and services they need to ensure their project’s success,” Michael Fedchyshyn, Interim CEO of Invest Ontario.

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