Goodyear Tire and Rubber Company’s expansion of its Napanee, Ont. facility is expected to add 200 new, highly skilled manufacturing jobs by 2027 at the facility and more than 1,000 jobs in the community.

Goodyear announced on Aug. 12 an investment of more than $575 million to modernize and expand its Napanee plant, which will allow the company to create an energy-efficient, end-to-end manufacturing process and increase production capacity of all-terrain tires and tires for electric vehicles.

The Canadian government is contributing $44.3 million, while Ontario’s government is adding another $20 million to the project.

Goodyear adds this project will help get its Napanee plant to net-zero emissions by 2040.

“Companies from across the world are choosing Canada. Today’s announcement that Goodyear is modernizing its Napanee plant will create manufacturing jobs, grow our EV industry, and use modern technology to keep our air clean. It’s another vote of confidence in Canada’s auto sector workers,” Prime Minister Justin Trudeau said in a news release.

“Goodyear Canada’s investment is another significant boost to Ontario’s growing electric vehicle sector, building on the billions of dollars that have been invested in the sector over the past four years. Across Ontario, we’re seeing major investments and new jobs created as we build out our end-to-end EV supply chain, connecting critical minerals in Northern Ontario to world-class manufacturing across the province. Companies are choosing Ontario because of our transportation infrastructure, our competitive business environment, and our skilled workforce,” Ontario Premier Doug Ford said in the release.

The project is also receiving incentives from the Town of Greater Napanee, the Township of Stone Mills, and the County of Lennox and Addington.

Besides creating new jobs, officials said the project will also support co-op opportunities for students every year.

“Today’s announcement reinforces our long-term commitment to Canada and enhances our agility and flexibility, positioning Goodyear to meet the evolving needs of our customers now and in the future. We are appreciative to the federal, provincial, and local governments for their support and to our Napanee associates for their dedication to building the next generation of tires,” said Goodyear CEO and president Mark Stewart in the release.