The governments of Canada and Nova Scotia announced that their governments are working closely with tire manufacturer Michelin to help support a $300 million project to modernize their Nova Scotia facilities to use technological innovation to manufacture more efficient tires, including tires for electric vehicles, and cut emissions from operations in the process through electrification.

Pending a final agreement, Michelin could receive up to $44.3 million in federal funding through the Strategic Innovation Fund. Michelin will also receive a provincial tax credit of about $61.3 million over five years from the Province of Nova Scotia toward their expansion. Through this project, Michelin expects to secure 3,600 good middle-class jobs across the company’s three plants in Bridgewater, Pictou, and Waterville, Nova Scotia, as well as create dozens more.

“Companies understand the excellence of Canada’s workers and auto sector – and today’s announcement is a testament to that,” said Prime Minister Justin Trudeau. “Here in Nova Scotia, we are once again seeing that when we invest in our workers, we build communities and an economy that works for everyone, while leaving a stronger, healthier future for our kids.”

“Nova Scotia is an amazing place to do business and Michelin’s decision to modernize and expand its operations here speaks volumes about our business environment,” said Nova Scotia Premier Tim Houston. “Michelin’s strong commitment to greening their operations aligns with our government’s plan for a clean and green economy, where the environment and Nova Scotians can thrive, and no one is left behind.”

A key part of the multi-year plan is the $140 million CAD expansion of Michelin’s Bridgewater plant, which will add more than 70 new positions.

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“We’re excited to continue to enhance and grow our operations in Canada,” said Andrew Mutch, president of Michelin North America (Canada) Inc. “We have a wonderful history of manufacturing tires here for more than 50 years, and I’m thrilled we can strengthen the competitiveness of our factories for our current and future workforce.”

Featured image: (Government of Canada)

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