BRAMPTON — Ontario has secured a $471 million investment by Magna International, one of the world’s largest automotive suppliers, to expand the company’s Ontario operations. With support from the government, this transformative investment will strengthen Ontario’s end-to-end electric vehicle supply chain while adding more than 1,000 new good-paying jobs for workers across the province.
“This investment represents another tremendous show of confidence in the growing strength and resilience of our province’s auto sector,” said Premier Doug Ford. “Together, with our industry partners, we’re putting Ontario back on the map as we build up Ontario’s electric vehicle supply chain from mining to manufacturing. The cars of the future and the batteries that power them will be built right here in Ontario, by Ontario workers.”
Magna’s investment will support the opening of a new $265 million EV battery enclosure facility in Brampton later this year. Approximately 560 new jobs will be added in Brampton and to the surrounding region once the facility is at full production. The company will also expand their existing automotive manufacturing facilities across the province. Up to 475 new jobs will be created across Magna’s five other facilities in Guelph, Windsor, Belleville, Newmarket and Penetanguishene. These projects are supported by $23.6 million in funding from the province through Invest Ontario.
“This game-changing investment by Magna will create hundreds of new jobs across the province, while further strengthening Ontario’s end-to-end automotive supply chain,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade. “We’re creating the right conditions for businesses to succeed and continue to work around the clock to attract new investments that build a stronger economy.”
A true Ontario success story, Magna started as a tool-and-die manufacturer in Toronto more than 65 years ago. The company has since grown into a multinational automotive supplier with 168,000 employees in 29 countries.
“Magna’s roots in Ontario run deep, and we are excited about opening a new facility dedicated to a strategic electrification product. The Brampton facility, coupled with investment and growth in five existing Ontario facilities, allows Magna to keep up with customer demands across several product areas,” said Eric Wilds, Chief Sales and Marketing Officer of Magna. “We are excited to bring new business, more investment and additional jobs to Ontario.”
Ontario recently met with Magna as part of a successful trade mission to the United States. The meeting provided an opportunity to showcase the province as an ideal place to invest with a competitive business environment and world-class workforce. Ontario’s automotive sector directly employs nearly 97,000 workers, and indirectly supports hundreds of thousands of jobs.
This investment furthers Driving Prosperity, the government’s 10-year plan to transform Ontario’s automotive supply chain to build the cars of the future, including fully-battery electric vehicles. Over the past two years, the province has attracted $16.5 billion in investments by global automakers and suppliers of electric vehicle batteries and battery materials. This includes more than $12.5 billion in EV and EV battery-related manufacturing investments.
"Magna's decision to expand in six locations across the province showcases Ontario’s advantages in automotive talent. By diversifying automotive parts manufacturing across the province, Magna’s investments will strengthen EV supply chains in Ontario."
- Trevor Dauphinee
CEO, Invest Ontario
"We’re proud to support Magna’s impactful investment, a huge endorsement for the Toronto Region’s future in automotive manufacturing. From the number of new jobs to supply chain advancement, the benefits from this significant decision will help build toward a stronger economy for the region and beyond."
- Stephen Lund
CEO of Toronto Global
"As Ontario seeks and seizes new opportunities to grow our economy, create new jobs, and help our businesses compete and innovate, I’m excited that Brampton will be a major part of Magna’s expansion and future. Magna’s $471 million investment will be a game changer for Ontario’s EV vision, and a huge boost to our community and hardworking families that call Brampton home."
- Prabmeet Sarkaria
MPP for Brampton South
"It comes as no surprise that Magna International has chosen Brampton as a key location to expand their operations. We have the infrastructure, skilled workforce, and easy market access, everything they need to make their venture a success."
- Charmaine Williams
MPP for Brampton Centre
"This is amazing news for the City of Brampton. This investment by Magna will strengthen our vibrant business community and will provide jobs for 560 people. We are committed to creating conditions that will continue to attract businesses to Ontario and strengthen our economy."
- Amarjot Sandhu
MPP for Brampton West
"Brampton was built by our manufacturing industry. I am thrilled that this announcement will deliver 560 new well-paying jobs for Brampton. This is part of our plan to deliver better jobs and bigger pay cheques in Brampton and across Ontario."
- Graham McGregor
MPP for Brampton North
"Magna International is a leader in automotive advancement, and I am proud that our government was able to partner with them to create 560 new jobs for Brampton residents through their $265 million Electric Vehicle battery enclosure facility. Under Premier Ford’s leadership, our government is working hard to continue delivering for the people of Brampton and Ontario by laying the groundwork for long-term economic growth and stability."
- Hardeep Grewal
MPP for Brampton East