The Goodyear Tire and Rubber Company to announced the company’s more than $575 million project to modernize and expand its plant in Napanee, Ontario.

This investment will help Goodyear create an energy-efficient, end-to-end manufacturing process and increase its production capacity, including of EV and all-terrain tires.

The project will create 200 new, highly skilled manufacturing jobs by 2027 and secure more than 1,000 jobs in Napanee.

This project will get Goodyear’s Napanee plant to net-zero emissions by 2040, helping achieve Canada’s goal of a net-zero economy by 2050.

Goodyear Canada will receive federal funding of up to $44.3 million from the Strategic Innovation Fund for this expansion project.

The Government of Ontario, through Invest Ontario, will contribute $20 million to support key components of the project, including the implementation of innovative technologies and skills training programs.

Goodyear Canada’s modernized facility in Napanee, Ontario, is also supported by incentives from the Town of Greater Napanee, the Township of Stone Mills, and the County of Lennox and Addington, as a result of a newly launched Community Improvement Plan.

This project will take place on the same land as Goodyear Canada’s existing Napanee facility.

The modernized facility will reduce greenhouse gas emissions at Goodyear Canada’s Napanee facility by 10 per cent by 2030, and by 100 per cent by 2040.

The company will leverage existing collaborative programs to help ensure Canada remains a world leader in the EV sector.

Prime Minister Justin Trudeau and the Premier of Ontario, Doug Ford, joined representatives from Goodyear in making the announcement.

“Today’s announcement reinforces our long-term commitment to Canada and enhances our agility and flexibility, positioning Goodyear to meet the evolving needs of our customers now and in the future. We are appreciative to the federal, provincial, and local governments for their support and to our Napanee associates for their dedication to building the next generation of tires,” said Mark Stewart, Chief Executive Officer and President, Goodyear.