By CRM Staff
Cambridge, Ontario -- May 7, 2018 -- Justin Trudeau recently announced a $110 million investment to support Toyota Motor Manufacturing Canada's $1.4 billion investment in its Cambridge and Woodstock plants. Prime Minister Trudeau was joined at the announcement by the Premier of Ontario, Kathleen Wynne.
"Companies have confidence in Canada and Canadian workers, and know that we are ready to build the cars of the future. Today's investment will support thousands of jobs for Canadians and keep our auto sector globally competitive and at the centre of the growing demand for hybrid cars. We welcome Toyota's decision to invest in our highly skilled workforce and expand its presence in Canada. This is a smart decision that further establishes our country as the place where cars of the future are built," said Trudeau.
Wynne commented, “Ontario's $110 million investment in Toyota is about making sure our province stays competitive during a time of rapid economic change, and building the kind of global partnerships that support long-term prosperity. This partnership will establish Cambridge and Woodstock as the North American manufacturing hub for Toyota's RAV4, including hybrid versions. This is a vote of confidence in our highly-skilled and talented workforce, and our entire province."
The investment will support more than 8,000 jobs in Southwestern Ontario, and will create 450 new jobs as well as 1,000 new co-op placements. Toyota will also invest $200 million in Canadian research and development over the next ten years. Together, these actions will help maintain and create well-paying jobs for the middle class and promote economic growth and long-term prosperity.
"Toyota Motor Manufacturing Canada has always had a strong partnership with the Canadian government. With 30 years of manufacturing experience, our success is a result of TMMC team members, who are known for their dedication, high levels of skill, and challenge mindset. We're aggressively adopting new technology and innovative processes to ensure our ongoing success," said Fred Volf, president of Toyota Motor Manufacturing Canada.
The vehicles to be manufactured at Toyota's plants will be significantly more fuel efficient and select process improvements within the manufacturing process will reduce volatile organic compound emissions in select shops by ten percent.