Hitachi Energy, along with the federal and Ontario governments, have announced a $479-million plan to build a new transformer insulation factory as electricity demand is expected to skyrocket.
The 21,000-square-metre facility in London, Ont., is expected to be completed by the end of 2028.
It would be the first in Canada to produce pressboard—a material made from paper pulp that’s key to keeping transformers cool—and the first one Hitachi would establish in the Americas.
The facility is expected to create 100 permanent skilled jobs.
Hitachi is shouldering the bulk of the investment, with the federal and Ontario governments collectively contributing $50 million. …