Tire maker Goodyear to invest C$575 million to upgrade Canada plant

Goodyear Tire & Rubber

12/08/2024 17:11

OTTAWA, Aug 12 (Reuters) - The Canadian unit of Goodyear
Tire & Rubber Co  GT.O  will invest over C$575 million ($418.4
million) to upgrade its plant in Napanee, Ontario, the
provincial government said on Monday.
    The project to modernize and expand the plant will create
200 new jobs by 2027 and secure 1,000 jobs in Napanee, Ontario
Premier Doug Ford's office said in a statement.
                

($1 = 1.3742 Canadian dollars)

 (Reporting by Ismail Shakil in Ottawa; Editing by Promit
Mukherjee)
 ((ismail.shakil@tr.com;))