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____ Tuesday March 22, 2016 ____

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Economic Development

Ontario Invests in New Electric and Hybrid Vehicle Parts Manufacturing

Mitsui High-tec’s First North American Plant Will Create Jobs, Increase Exports

Queens Park - Ontario is partnering with Mitsui High-tec to build the company’s first manufacturing facility in North America, and the very first facility in Ontario producing motor cores for electric and hybrid vehicles.

Ontario will invest up to $2 million through the Jobs and Prosperity Fund to support Mitsu High-tec’s new facility in Brantford, leveraging an overall project investment of about $38 million. The Japanese company chose Ontario because of the province’s highly-skilled workforce and strong auto sector. The greenfield facility is expected to begin production in early 2017 and will feature Mitsui’s advanced manufacturing techniques to produce high-efficiency motor cores. The partnership will secure 48 new highly skilled jobs and strengthen the province’s auto supply chain.

Initially, the Ontario plant will export the motor cores for electric and hybrid vehicles to customers in the United States with longer term plans to grow the company’s market share with Ontario-based vehicle assembly plants as well.

The province is making it easier for Ontarians to switch to an electric vehicle as part of its Climate Change Strategy, which in turn is helping to foster innovation and investment in Ontario’s auto sector.

Partnering with business to promote green investment is part of the government’s economic plan to build Ontario up and deliver on its number-one priority to grow the economy and create jobs. The four-part plan includes investing in talent and skills, including helping more people get and create the jobs of the future by expanding access to high-quality college and university education. The plan is making the largest investment in public infrastructure in Ontario’s history and investing in a low-carbon economy driven by innovative, high-growth, export-oriented businesses. The plan is also helping working Ontarians achieve a more secure retirement.

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