Government investment leverages $321 million in private sector support to upgrade Cambridge and Woodstock plants
July 31, 2015 – Cambridge, Ontario – Industry Canada
The automotive industry is essential to the long-term economic growth of Ontario. The Harper Government understands that in order for Ontario's automotive sector to continue to be a global leader, companies require the right conditions to grow their businesses and create jobs here in Canada.
Today, the Honourable Gary Goodyear, Minister of State for the Federal Economic Development Agency for Southern Ontario, announced a $59-million investment in Toyota Motor Manufacturing Canada for the company to upgrade its facilities in Cambridge and Woodstock, Ontario.
Toyota will equip its Cambridge South plant with new machinery that will allow it to produce two next generation Lexus SUV models and equip its Woodstock plant with equipment capable of building lightweight aluminum parts that improve fuel efficiency. The production of lightweight technology is an exciting advancement for the Ontario automotive industry because Canada will be well positioned to export these lightweight, fuel-efficient parts to the United States.
While the automotive industry continues to be highly competitive, companies like Toyota are choosing to take advantage of Canada's low taxes, global trade opportunities and skilled workforce.
Office of the Minister of Industry