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February 15, 2023

Magna investments in Ontario to add up to 100 jobs in Belleville

Magna investments in Ontario to add up to 100 jobs in Belleville

By Paul Martin, News, Quinte, February 15, 2023

Plans to enhance a major company's auto-parts operations in the province include a major investment in Belleville.

Magna International has announced they are investing 471 million dollars at a number of facilities, resulting in an increase of more than 1,000 new jobs.

The largest part of that plan is the opening of a new $265 million EV battery enclosure facility in Brampton later this year, resulting in 560 new jobs.

A $35 million investment will be made in Magna’s lighting division in Belleville, creating up to 100 jobs.

In total, up to 475 new jobs will be created across Magna’s five other facilities in Guelph, Windsor, Belleville, Newmarket and Penetanguishene. These projects are supported by $23.6 million in funding from the province through Invest Ontario.

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