ALLISTON, ON, Jan. 9, 2017 /CNW/ - Honda of Canada Mfg. (HCM), a division of Honda Canada Inc., announced today that it will invest $492 million over the next three years to allow the company to modernize its Ontario manufacturing facilities and significantly improve its manufacturing carbon footprint, which is part of Honda's global initiatives. The new investment brings Honda's total Canadian facilities investment to over $4.7 billion. In 1986, Honda became the first Japanese auto maker to build a manufacturing facility in Canada.
Honda Canada is partnering with the Government of Canada and the Government of Ontario on this program. Both the federal and Ontario governments will provide conditional grants up to $41.8 million each, representing 17 per cent of Honda Canada's investment.
"Thank you to both the federal and Ontario governments for creating an environment which will allow us to further modernize our manufacturing facilities and make innovative upgrades possible, including building a state-of-the-art paint shop which will reduce the GHG emissions from our paint process by 44%, further reducing our manufacturing carbon footprint in Canada," said Jerry Chenkin, President and CEO, Honda Canada Inc. "As a result of these upgrades, HCM will continue to provide thousands of well-paying, high quality jobs in Alliston and throughout Canada."
This investment will allow for further research and development activities to advance the latest manufacturing technologies. With these new investments, Honda and HCM will continue to be a formidable contributor to the economic well-being of Canada's automotive industry.
"Our government's support for advanced-manufacturing platforms and clean technology in the auto sector is a key part of our plan to drive economic growth through innovation to create a better Canada. That means better jobs, better opportunities and better living standard for all Canadians."
— Navdeep Bains, federal Minister of Innovation, Science and Economic Development
"Technology and innovation never stand still, so it's essential that Ontario's auto sector remains globally competitive. Honda is a cornerstone of our sector — accounting for about 17 per cent of Ontario's vehicle output. With this partnership, the company and provincial and federal governments are joining forces to ensure that Honda's skilled Alliston team remains a leader in building the vehicles of tomorrow."
— Brad Duguid, Ontario Minister of Economic Development and Growth
Honda of Canada Mfg. has the capacity to produce 400,000 Civic and CR-V models annually for the Canadian and North America markets, as well as for export. Of which, approximately 100,000 Canadian-built Civic and CR-V units are sold on an annual basis in Canada. HCM also produces 260,000 four-cylinder engines annually.
Honda Canada Inc. (HCI) was founded in 1969 and is the parent company for both Honda and Acura vehicle brands in Canada. The company has produced more than 7.7 million cars and light trucks since 1986 at its two manufacturing facilities and builds engines at a third manufacturing plant in Alliston, Ontario. Both manufacturing facilities are extremely flexible and currently build Honda Civic and CR-V models. Honda Canada has invested more than $4.7 billion in Canada and each year it sources nearly $2.1 billion in goods and services from Canadian suppliers. Honda Canada has sold more than four million Honda and Acura passenger cars and light trucks in Canada.
SOURCE Honda Canada Inc.
For further information: Carol Susko (416) 418-2635