On behalf of the City of Guelph, I want to congratulate the entire Magna International team!
Yesterday, Guelph secured a $140 million investment by Magna International, an automotive supplier, to expand its existing Polycon facility to support new electric vehicle production and create about 175 jobs. I want to thank Magna for continuing to invest and expand in Guelph.
I also want to thank the dedicated staff in the City of Guelph’s Infrastructure, Development and Enterprise Services and Corporate Services staff for helping to make this a reality.
The total investment for Ontario is $471 million will strengthen the electric vehicle supply chain and create over 1,000 new jobs across all six facilities.
Learn more: https://news.ontario.ca/en/release/1002723/major-investment-strengthens-ontarios-end-to-end-electric-vehicle-supply-chain