Canadian Manufacturers & Exporters (CME) expressed support for Bruce Power’s announcement that the company was launching a planning process to consider the construction of two new nuclear units at Nanticoke.
The news means the region could benefit from billions in new private investment and thousands of new jobs if the project proceeds. Ontario manufacturers could significantly benefit given the significant amount of upfront investment Bruce Power would make during construction.
“This is welcome news given the challenges our manufacturing sector in Ontario is facing and the economy overall. If Bruce Power’s project is successful we would not only create new jobs for decades to come, we would protect the environment through safe, clean and reliable nuclear,” said Ian Howcroft, vice president, CME Ontario.
New build at Nanticoke could represent the largest infrastructure project in the Haldimand-Norfolk region in decades, with economic spin offs across the province and specifically in Brant, Kitchener-Waterloo and Hamilton.
Canadian Manufacturers & Exporters (CME) is Canada’s leading trade and industry association and the voice of manufacturing and global business in Canada.
The association directly represents more than 10,000 leading companies nationwide. More than 85% of CME’s members are small and medium-sized enterprises. As Canada’s leading business network, CME, through various initiatives including the establishment of the Canadian Manufacturing Coalition, touches more than 100,000 companies from coast to coast, engaged in manufacturing, global business and service-related industries.
CME’s membership network accounts for an estimated 82% of total manufacturing production and 90% of Canada’s exports.