Magna announces Ontario expansion, new Brampton facility

Magna is saying it’s placing greater than $470 million into bolstering its Ontario operations, together with an electrical automobile battery enclosure facility northwest of Toronto.

The firm says the brand new operation in Brampton, Ont., in addition to expansions to its areas in Guelph, Belleville, Newmarket, Windsor and Penetanguishene are anticipated to create greater than 1,000 jobs over the subsequent few years.

The provincial authorities introduced that it’s supporting Magna’s enlargement with $23.6 million in funding by Invest Ontario.

Economic Development, Job Creation and Trade Minister Vic Fedeli says it would assist Ontario create an end-to-end electrical automobile provide chain.

Magna says the brand new Brampton location — a leased facility –should be in operation later this 12 months.

The expansions embody including e-coat, molding and welding capability to its exteriors plant in Guelph to help electrical automobile manufacturing.

This report by The Canadian Press was first revealed Feb. 15, 2023.