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The province of Ontario is continuously drawing new investments—ranking highly in tech talent, boasting numerous Cities of the Future and 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 this year’s most notable investments—and the list is growing.
$18.5 million investment by auto parts manufacturer Ventra Group to help strengthen local manufacturing and Ontario’s automotive and domestic manufacturing sectors.
$1.8 billion project by ArcelorMittal Dofasco 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.
MDA is investing $100 million over five years for its new Space Robotics Centre of Excellence and developing leading-edge technologies in commercial space robotics.
Honda Canada’s nearly $1.4 billion investment will ensure next-generation vehicle models are built here in Ontario by Ontario workers and sold across North America.
The joint venture between LG Energy Solution (LGES) and Stellantis will invest more than $5 billion to build a facility in Windsor to manufacture batteries for electric vehicles in Canada.
OmniaBio is launching a new biomanufacturing facility, contributing to an overall project investment of over $580 million.
A $2 billion investment by General Motors of Canada Company will 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.
Plus, a $1 billion investment to produce the Bright Drop all-electric delivery van, the first produced by a mainstream automaker in Canada.
Stellantis made a $3.6 billion investment 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.
South Korean auto supplier Dongshin Motech will build a $60-million factory in Windsor, Ontario, to supply the North American auto industry with aluminum casings for electric-vehicle batteries.
Sanofi announced opening an AI Centre of Excellence in Toronto, joining Sanofi’s global network of existing digital hubs in Paris, Boston, New York and Barcelona.
Umicore 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.
Nokia Canada chose Ottawa as the home for their redevelopment project, investing $1.4 billion in R&D over five years. This investment will transform their Ottawa facility into a world-class telecommunications and technology hub.
There are always new investments happening in Ontario.
Bookmark this page and come back to see the latest updates throughout the year.
Discover more reasons why businesses choose to invest in Ontario.
