20.7 C
Brantford
Tuesday, July 16, 2024

Brandon Montour to bring Stanley Cup to Six Nations

Burford and Six Nations residents supported their...

Rob Davis reflects as sun sets on career with BPS

As Rob Davis’ tenure with Brantford Police...

BPS Officer awarded Ontario Medal for Police Bravery

Brantford Police Service Constable Trevor Taylor received...

Mitsui High-tec (Canada) Inc. to invest $102 Million in Brantford

Local NewsMitsui High-tec (Canada) Inc. to invest $102 Million in Brantford

Mitsui High-tec (Canada), Inc., a manufacturer of motor cores, the basic structure of the motor used in electric vehicles (EVs), announced an investment of $102.3 million in Brantford on Thursday, June 29, 2023.

This investment, to expand the company’s Canadian operations, will create 104 highly skilled, good-paying jobs, while helping to build Ontario’s EV supply chain.

“Mitsui High-tec (Canada), Inc.’s investment to expand its Brantford-based facilities is a huge boost not only for the people of southwestern Ontario, but for our province’s growing manufacturing and auto sectors,” said Premier Doug Ford. “With great partners, we’re building an electric vehicle and battery supply chain and making Ontario an auto-manufacturing powerhouse once again.”

Since opening its first Ontario facility in 2017, Mitsui High-tec (Canada), Inc. has expanded twice to increase production capacity and is now the only motor core parts manufacturer for EVs and hybrid vehicles in Canada.

“Ontario has been a great place for Mitsui High-tec (Canada) Inc. to settle and build. With the growing focus on the Hybrid and EV industry in Canada, and our opportunity to strengthen the supply chain, Ontario is a fantastic location to be close to borders for export, with space and opportunity to continue growing. Brantford has specifically been a great place to expand into, as there is a healthy job force, and space for development. We are looking forward to continuing to foster our relationship with the region of Brantford and Province of Ontario in this next phase of expansion,” said Yasushi Harada, President of Mitsui Hight-tec (Canada) Inc.

The company’s significant $102.3 million investment will be used to open a new 103,500 square-foot manufacturing facility in Brantford that will help meet the growing demand for its products.

“Ontario continues to lead the way with EV production and innovation. With some of the best workers in the province, our desirable business environment and robust manufacturing sector, Brantford-Brant and Mitsui High-tec (Canada), Inc. will help build Ontario for generations to come and I welcome this announcement today,” said Will Bouma, Member of Provincial Parliament (MPP) for Brantford-Brant.

To support Mitsui High-tec (Canada), Inc.’s expansion, the government is investing $3.1 million through Invest Ontario, the province’s investment attraction agency.

“As the sole motor core parts manufacturer for EVs, Mitsui High-tec (Canada), Inc. plays an important role in Ontario’s auto and advanced manufacturing sectors,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade. “Their exciting new investment will create more good-paying jobs and help ensure that the cars of the future are built in Ontario by Ontario workers. Thank you, Mitsui High-tec (Canada), Inc., for choosing Ontario.”

This investment furthers Driving Prosperity, the government’s 10-year plan to transform Ontario’s automotive supply chain to build the cars of the future, including fully-battery electric vehicles. Over the last two and a half years, Ontario has attracted over $25 billion in transformative investments from global automakers, parts suppliers, and manufacturers of electric vehicle batteries and battery materials. With a talented workforce, state-of-the-art research and development facilities, clean steel manufacturing and an abundance of critical minerals, Ontario continues to be one of the most competitive places for businesses to invest and grow.

Check out our other content

Most Popular Articles