Honda of Canada Mfg. to Invest $492 million in Ontario

Honda of Canada Mfg. (HCM), a division of Honda Canada Inc., announced that it will invest $492 million over the next three years to allow the company to modernize its Ontario manufacturing facilities and improve its manufacturing carbon footprint, which is part of Honda's global initiatives.

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 per cent, further reducing our manufacturing carbon footprint in Canada," said Jerry Chenkin, president and CEO, Honda Canada Inc.