Provincial Incentives Woo Mitsui High-tec To Build Manufacturing Plant In Brantford, Ontario
Ontario will invest up to $2 million through the Jobs and Prosperity Fund to support Mitsu High-tec’s new facility in Brantford, leveraging an overall project investment of about $38 million.
According to local economic development officials, the Japanese company chose Ontario because of the province’s highly-skilled workforce and strong auto sector. The greenfield facility is expected to begin production in early 2017 and will feature Mitsui’s advanced manufacturing techniques to produce high-efficiency motor cores. The partnership will secure 48 new highly skilled jobs and strengthen the province’s auto supply chain.
Initially, the Ontario plant will export the motor cores for electric and hybrid vehicles to customers in the United States with longer term plans to grow the company’s market share with Ontario-based vehicle assembly plants as well.
“Mitsui High-tec’s new Ontario production facility—our first in North America—will build on the close working relationship we have developed with our customers on the continent. We look forward to assembling a strong team in Brantford that will exemplify the values of innovation, quality and precision manufacturing on which our company is based,” said Yasunari Mitsui, President, Mitsui High-tec Inc.
The province said it is making it easier for Ontarians to switch to an electric vehicle as part of its Climate Change Strategy, which in turn is helping to foster innovation and investment in Ontario’s auto sector.
“Hybrid and plug-in technologies are becoming increasingly important as automakers adapt their fleets to meet more stringent fuel efficiency standards. Ontario’s investment with Mitsui High-tec focuses on the next generation of vehicles, pushing Ontario’s auto sector to continue leading and competing globally,” Brad Duguid, Minister of Economic Development, Employment and Infrastructure said.
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