Honda of Canada Manufacturing to invest $492M in Ontario plants
ALLISTON, ONT. – Honda of Canada Mfg. (HCM) said it would invest $492 million over the next three years to allow the company to modernize its Ontario manufacturing facilities and significantly improve its manufacturing carbon footprint.
HCM is partnering with the federal and Ontario governments as both are providing conditional grants up to $41.8 million each, representing 17 per cent of Honda Canada’s investment.
In thanking both levels of government, Honda Canada chief Jerry Chenkin said the investments will help fund a new paint shop that will reduce GHG emissions from the paint process by 44 per cent, further reducing the manufacturing carbon footprint in Canada.
“As a result of these upgrades, HCM will continue to provide thousands of well-paying, high-quality jobs in Alliston and throughout Canada,” he added.
HCM has the capacity to produce 400,000 Civic and CR-V models annually for the Canadian and North America markets, as well as for export. Of which, approximately 100,000 Canadian-built Civic and CR-V units are sold on an annual basis in Canada. HCM also produces 260,000 four-cylinder engines annually.
The new investment brings Honda’s total Canadian facilities investment to over $4.7 billion.
The company has produced more than 7.7 million cars and light trucks since 1986 at its two manufacturing facilities and builds engines at a third manufacturing plant in Alliston, Ont.