Provincial Incentives Woo Mitsui High-tec To Build Manufacturing Plant In Brantford, Ontario
03/21/2016
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.
Project Announcements
PEAK Precision Manufacturing Plans Bowling Green, Kentucky, Operations
07/26/2024
Italy-Based Sipcam Agro USA Upgrades Wayne County, Mississippi, Operations
07/26/2024
Cleveland-Cliffs Plans Weirton, West Virginia, Operations
07/26/2024
IDEXX Laboratories Plans Wilson, North Carolina, Production Operations
07/26/2024
Germany-Based Ritz Instrument Transformers Plans Waynesboro, Georgia, Operations
07/26/2024
AirJoule Plans Newark-Wilmington, Delaware, Operations
07/26/2024
Most Read
-
19th Annual Area Development Gold and Silver Shovel Awards
Q2 2024
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The CHIPS and Science Act will bring jobs back to the United States
Q2 2024
-
The Bring Your Own Energy (BYOE) Party Is Starting
Q2 2024
-
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects
Q3 2023
-
How to Overcome NIMBYism in Data Centers
Q2 2024