by Jordan Scott
Xinyi Glass Holdings plans to invest $450 million into a large float glass plant to be located in Ontario, Canada. It will be the company’s first North American manufacturing facility, and Canada’s first operating float glass plant since Owen Sound’s PPG glassmaking plant closed in 2008. The announcement was made Monday by Ontario Premier Kathleen Wynne.
She signed an agreement in principle with the company earlier this week. The plan is expected to create 400 new jobs in Ontario.
Wynne made the announcement in Nanjing, China as part of a series of agreements between Chinese organizations and the Canadian province exceeding $1 billion.
“Much like Ontario, Nanjing is a leader in innovative technology. The partnerships we’ve created today reinforce our shared commitment to collaboration, ensuring our businesses can continue to innovate and grow in a rapidly changing global economy,” says Wynne.
“Today’s signings in Jiangsu build on the success of previous missions and are a testament to the strength of our economic and cultural partnership over the past 30 years,” says Michael Chan, minister of international trade. “Through Ontario’s Global Trade Strategy, the province continues to create the right conditions for businesses to succeed at home while helping them start or scale up their export capacity.”
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