Economy · 19 d ago
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.
