An ariel view looking east above the new Highway 103 12A interchange in Bridgewater with the Michelin facility in the background. (Communications Nova Scotia)
Foreign Affairs Minister Mélanie Joly addressed concerns regarding Michelin’s presence in Nova Scotia, saying the federal government is committed to supporting the company’s continued investment and operations in the region.
Michelin, which employs 3,600 workers in the province, is a significant player in Canada’s economy, and Joly recently met with the company’s CEO to discuss ways to ensure its ongoing success despite trade uncertainties.
(Photo: CPAC)
Joly acknowledged the challenges created by potential tariffs and the uncertainty they bring to businesses, particularly in Nova Scotia. However, she emphasized that the federal government is working closely with companies like Michelin to create a stable environment for investment.
“Our priority is ensuring that companies like Michelin can continue to invest and expand their business across Canada and in international markets,” Joly said.
Joly also pointed out the broader strategy to help businesses facing these challenges, with a particular focus on removing trade barriers between provinces. By making it easier for businesses to operate across Canadian borders, the government believes it can create a more stable economic environment.
In 2023, Michelin and the federal government announced a $300 million investment in Canadian operations, with significant upgrades planned for its three Nova Scotia facilities.
This investment is aimed at improving sustainability, expanding electric vehicle (EV) tire production, and enhancing fuel efficiency for commercial trucks. A key component of this plan includes a $140 million expansion of the company’s Bridgewater plant, which will create more than 70 new jobs.
While Joly did not give specific details on upcoming actions, she noted that both the Minister of Finance and the Minister of Employment are working on strategies to support businesses like Michelin as they navigate these turbulent times.
