Grants and Contributions:
Title:
Consumer Tire Plant Manufacturing Expansion - Napanee.
Agreement Number:
819867
Agreement Value:
$44,300,000.00
Agreement Date:
Aug 8, 2024 - Jan 1, 2031
Description:
This project consists of Goodyear's expansion to its Napanee, Ontario facility, which will increase production, create additional jobs, and deepen the strength of the Canadian supply chain.
Organization:
Innovation, Science and Economic Development Canada
Expected Results:
This investment will result in the expansion and modernization of Goodyear’s Napanee facility and will invest in new mixer technology to improve the mixing process of tire compounds and increase production by 2 million tires per year.
Location:
Toronto, Ontario, CA M8Z5E1
Reference Number:
033-2024-2025-Q2-819867
Agreement Type:
Other transfer payment
Report Type:
Grants and Contributions
Recipient Business Number:
118941896
Recipient Type:
For-profit organization
Additional Information:
This is a partially repayable contribution.
Recipient's Operating Name:
Goodyear Canada Inc.
Recipient's Legal Name:
Goodyear Canada Inc.
Federal Riding Name:
Etobicoke--Lakeshore
Federal Riding Number:
35028
Program:
SIF Stream2- Growth
Program Purpose:
-Encourage R&D that will accelerate technology transfer and commercialization of innovative products, processes and services;-Facilitate the growth and expansion of firms in Canada;-Attract and retain large scale investments to Canada; and-Advance industrial research, development and technology demonstration through collaboration between academia, non-profit organizations and the private sector.
NAICS Code:
326210