HONG KONG – Ontario Premier Kathleen Wynne says Johnson Electric will invest more than $350 million in new equipment and capacity in Ontario, which she says is expected to create 326 new jobs.
Wynne, who is on a trade mission to China and Vietnam, made the announcement from Hong Kong, where Johnson Electric is based.
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She says the company, which makes electric motors and mechanical parts for automotive manufacturing, will invest the money in the Greater Toronto and Hamilton Area.
READ MORE: Premier Kathleen Wynne completes trade mission to China
It will support the development of electric auto manufacturing through the purchase of new equipment, and will establish a Global Centre of Excellence for E-Pump Development.
Wynne says Ontario has committed up to $24.1 million to the initiative through the Jobs and Prosperity Fund, which provides government funding to businesses.
The new agreement is in addition to nearly $2 billion in agreements between Ontario and Chinese companies that Wynne previously said the trip secured.
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