No images? Click here Niagara expands footprint in EV mobility sectorMay 14, 2024 Today, the Government of Canada, Province of Ontario, Niagara Region, City of Port Colborne, St. Lawrence Seaway Management and other private sector partners came together to welcome Asahi Kasei to announce a $1.56 billion investment in the lithium-ion battery supply chain in Ontario. The announcement marks a significant milestone in Niagara region's economic development as Asahi Kasei’s new wet-process separator manufacturing facility will undoubtedly shape Niagara’s local economy for years to come. In addition, this investment represents the culmination of collaboration and partnership between the federal, provincial and municipal governments at both the region and city. Located along Highway 140, south of Highway 58A (formerly known as the Nyon Lands) in Port Colborne, the new state-of-the-art manufacturing facility represents the largest investment in Niagara to date. The decision to invest in Port Colborne highlights Niagara’s attractiveness as a place to do business and reaffirms Niagara’s position as a hub for innovation and forward-thinking industries. Asahi Kasei was founded in 1922 with their global headquarters located in Tokyo, Japan. The company employs nearly 50,000 people worldwide, with 14,000 in the United States. Asahi Kasei makes products and technologies that are used in everyday life, which range from Saran Wrap cling film to performance materials for automotive parts and interiors. Quotes:
Media ContactsJanine Tessmer Jasmine Peazel-Graham |