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August 11, 2024
Ontario Investment Roundup
Year after year, we have seen billions in investments in the automotive, advanced manufacturing and life sciences industries in Ontario, Canada
The province of Ontario is continuously drawing new investments—ranking highly in tech talent, boasting numerous Cities of the Future and being competitively recognized as the #1 place in Canada to invest. There are plenty of reasons why global leaders choose to invest in Ontario.
Here are a few of Ontario’s most notable investments.
2023 Investments
December
Kainos strengthens presence in Ontario with expansion of Toronto office
The Belfast-based IT provider aims to triple its Toronto headcount to meet the growing demand for digital transformation across North America.
Information Technology
November
Dana Canada Corporation grows production capacity in Ontario with investment to expand EV technologies
Dana is expanding its advanced thermal management systems manufacturing capacity in Ontario through a major investment creating 105 jobs by 2025.
Automotive
June
Mitsui High-tec (Canada), Inc. invests in Brantford, Ontario again
This is their third expansion in Ontario since 2015 and will add 104 jobs by 2025 and 103,500 sq ft. to their Brantford motor core manufacturing facilities.
Automotive
May
Ontario welcomes major investment to manufacture more vaccines
The Ontario government has secured a multi-million-dollar investment from Moderna to expand vaccine manufacturing. Moderna is partnering with Novocol Pharma to add new manufacturing capabilities in their Cambridge facility.
Life Sciences
March
Volkswagen’s new electric vehicle battery plant will create thousands of new jobs
Volkswagen is investing $7 billion to establish its first overseas electric vehicle battery manufacturing plant in St. Thomas, Ontario. This is the largest electric vehicle-related investment in Canadian history.
Automotive
February
AstraZeneca announces 500 new, high-paying jobs in Peel and the surrounding region
Global pharmaceutical company AstraZeneca announces plans to expand its research operations and create 500 skilled scientific and research jobs in Mississauga, Ontario.
Life sciences
Magna expands Ontario EV operations with new Brampton plant and five upgraded facilities
Magna, one of the world’s largest suppliers in the automotive industry, announces that it will expand its operations across six locations in Ontario with a $471 million investment.
Automotive
2022 Investments
December
PointsBet opens Canadian headquarters in Toronto, Ontario
Leading iGaming company PointsBet opens an office in Toronto—a first for the iGaming sector in Ontario.
Information technology
October
Nokia selects Ottawa, Ontario as home base for R&D in 5G, AI and cybersecurity in Canada
Nokia Canada chooses Ottawa as the home for their redevelopment project. This investment will transform their Ottawa facility into a world-class telecommunications and technology hub.
Information Technology
July
Umicore to build an industrial-scale battery materials manufacturing plant
Umicore announces plans to make a $1.5-billion investment to build a first-of-its-kind industrial-scale cathode and precursor materials manufacturing plant in eastern Ontario, Canada.
Automotive
June
Sanofi to launch Artificial Intelligence Centre of Excellence in Toronto
Sanofi announces opening an AI Centre of Excellence in Toronto, joining Sanofi’s global network of existing digital hubs in Paris, Boston, New York and Barcelona.
Life Sciences
Dongshin Motech is building a $60M battery casings plant in Windsor, Ontario
South Korean auto supplier Dongshin Motech announces plans to build a $60-million factory in Windsor, Ontario, to supply the North American auto industry with aluminum casings for electric-vehicle batteries.
Automotive
May
Stellantis makes major auto manufacturing investments for Windsor and Brampton
Stellantis invests $3.6 billion in its Windsor and Brampton plants. These investments will accelerate the creation of one of North America’s most vertically integrated electric vehicle supply chains.
Automotive
April
General Motors of Canada invests in Oshawa and Ingersoll plants
General Motors of Canada Company (GM) invests $2 billion to transform the company’s Oshawa and CAMI manufacturing plants and support improvements across all of GM’s manufacturing and R&D facilities in the province.
GM invests an additional $1 billion to produce the Bright Drop all-electric delivery van, the first produced by a mainstream automaker in Canada.
Automotive
March
OmniaBio supports new biomanufacturing facility in Hamilton
OmniaBio announces they will be launching a new biomanufacturing facility, contributing to an overall project investment of over $580 million.
Life Sciences
Stellantis and LGES make largest auto investment in province’s history
LG Energy Solution (LGES) and Stellantis invest more than $5 billion in a joint venture to build an EV battery manufacturing facility in Windsor.
Automotive
Honda Canada makes landmark investment in next-gen vehicles
Honda Canada invests nearly $1.4 billion in next-generation vehicle models, ensuring they are built here in Ontario, by Ontario workers, and sold across North America.
Automotive
MDA invests in cutting-edge space and robotics technologies in Brampton
MDA invests $100 million over five years for its new Space Robotics Centre of Excellence and developing leading-edge technologies in commercial space robotics.
Advanced Manufacturing
February
ArcelorMittal Dofasco invests in clean steelmaking technology
ArcelorMittal Dofasco launches $1.8-billion project that will see its Hamilton facility among the first of its global operations to replace coal-fed coke ovens and blast furnaces with new, low-emission technology.
Automotive
Ventra Group invests in Windsor electric vehicle battery innovation lab
Auto parts manufacturer Ventra Group invests $18.5 million in Windsor EV innovation lab, helping strengthen local manufacturing and Ontario’s automotive and domestic manufacturing sectors.
Automotive
There are always new investments happening in Ontario.
Discover more reasons why businesses choose to invest in Ontario.
