On January 9, Honda announced that it will invest 492,000,000 yen over the next 3 years in its plant in Ontario, Canada.
Honda produces 400,000 Civic and CR-V models per year at its Canada plant for sale in the North American market. Of these, around 100,000 are sold domestically in Canada. It also produces 260,000 4-cylinder engines per year at the plant.
The goal of the new investment is to update the Ontario plant’s equipment. The idea is for the plant to remake the plant to update its environmental friendliness and reduce its CO2 emissions during the production process.
In 1986, Honda became the first Japanese automaker to open a plant in Canada. Total investment in the plant has exceeded $4.7 billion.
Honda Canada CEO Jerry Chenkin said, “As a result of these upgrades, HCM will continue to provide thousands of well-paying, high quality jobs in Alliston and throughout Canada.”
(Translated by Greg Scott)