Goodyear Canada To Invest C$575M In Ontario Plant Expansion, Creating 200 New Jobs; Receives Up To C$44.3M Federal Funding And C$20M From Ontario Government
Portfolio Pulse from Benzinga Newsdesk
Goodyear Canada is set to invest C$575 million in expanding its Ontario plant, creating 200 new jobs. The expansion is supported by up to C$44.3 million in federal funding and C$20 million from the Ontario government.
August 12, 2024 | 4:15 pm
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Goodyear Canada is investing C$575 million in its Ontario plant expansion, creating 200 new jobs. The project is supported by C$44.3 million in federal funding and C$20 million from the Ontario government.
The significant investment in plant expansion and job creation, along with government support, is likely to positively impact Goodyear's stock price in the short term. This move indicates growth and increased production capacity.
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