$100 Million Investment for Linamar

Linamar logo

CBJ — The federal and Ontario governments have announced grants totaling nearly $100 million for automotive parts maker Linamar Corp. as it strives to continue to develop its advanced manufacturing technologies.

The Linamar investments are expected to create 1,500 jobs in Canada and help maintain more than 8,000 other positions.

The federal government will provide a grant of $49 million to the company and Ontario will provide a conditional grant of up to $50 million. The conditional grant will come from the province’s jobs and prosperity fund as part of a project with overall eligible costs of up to $500 million.

The funding will help Linamar build next-generation transmissions and drive trains, high-efficiency engine parts and develop technologies for electric and connected vehicles as well as collaborative robotics.

@CanBizJournal

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