The Canada Brief

Economy · 19 d ago

Hitachi Energy power transformers

Tohma (talk) · CC BY-SA 4.0 · Wikimedia Commons

Hitachi plans a $479-million transformer insulation plant in London, Ontario

Cost of the London plant

479 million dollars

Hitachi Energy and the federal and Ontario governments announced a $479-million plan for a 21,000-square-metre factory in London, Ontario, to be finished by the end of 2028.

The public share

  • $20 million, federal strategic response fund
  • $10 million, Natural Resources Canada
  • Up to $20 million, Invest Ontario Fund

Hitachi pays most of the cost, and Ottawa and Ontario contribute $50 million together.

What the plant makes

pressboard

The plant would be the first in Canada to make pressboard, a paper-pulp material that keeps transformers cool and is now sourced from Europe.

And us?

Permanent skilled jobs expected

100 jobs

The plant is expected to create 100 permanent skilled jobs and supply transformer parts as electricity demand grows across Canada.