Honda will provide $771.3 million with Government of Ontario contributing $85.7 million

Representatives of Honda and the Government of Ontario held a joint press conference yesterday to announce an $857 million investment in Honda Canada Manufacturing’s Alliston facilities.

While Honda will provide the bulk of the investment, the Government of Ontario has pledged 10 percent of the total — $85.7 million.

The investment is needed in order to re-tool for the next Honda Civic. When the next-generation compact breaks cover, Alliston will be the lead global manufacturer of the Civic and develop manufacturing processes for the new model to be used at other plants.

“We are deeply proud to be the lead plant for the next generation of Honda Civic, a designation that reflects the incredible efforts of Honda associates over the past quarter century to produce products of the highest quality for our customers in Canada and around the world,” said Jerry Chenkin, President and CEO of Honda Canada Inc.

“This marks the first time a Honda plant outside Japan has been designated as a ‘global lead plant’, which reflects the knowledge and experience of our Canadian associates.”

All facilities in Alliston — two auto assembly plants and one engine plant — will benefit from the investment.

“Through this investment in Ontario, Honda is tapping into our biggest strength — our highly skilled workforce,” said Premier Kathleen Wynne.

“Our government is hard at work to secure more partnerships like this, partnerships that keep good jobs here in Ontario and that build our economy up so that people have more opportunity and security.”

Honda did not state the size of the workforce in Alliston in the investment release.

In addition to the Civic, the Alliston plants produce the Honda CR-V and four-cylinder engines for both models.

Honda investment announcement_Nov. 6_2014

Connect with