Nokia Announces $340M Expansion to Its Ottawa Facility
Source：pm.gc
From：Taiwan Trade Center, Toronto
Update Time：2022/11/22
Nokia Canada and the federal, provincial, and city governments have announced plans to turn the company's Canadian headquarters in west Ottawa into a research and development center.
Nokia said it's contributing $340 million toward the project that will transform its 26-acre campus at the Kanata North business park into a mixed-use corporate, residential and commercial hub built using sustainable technologies.
It plans to begin site construction in 2023 and expects to open the new facility in 2026. The project is expected to create more than 340 new jobs. Nokia Canada said that with the added positions, it would have around 2,160 employees in Ottawa.
“The project we’re announcing will help connect Canadians to the jobs of today and tomorrow. It will bring economic benefits to the National Capital Region and stimulate Canada’s tech ecosystem. This is about building a strong economy and a better future for everyone,” Prime Minister Justin Trudeau said in the release.
This new investment is an important step toward strengthening Canada’s wireless network, paving the way for new opportunities in innovative technology, including in the areas of clean energy, smart cities, precision agriculture, autonomous vehicles, and advanced telemedicine.
Nokia said the tech hub will significantly expand its capacity in 5G, cyber security, artificial intelligence, and machine learning.
"Today's announcement reinforces Nokia's commitment to the Canadian market, where we have invested $1.4 billion in R&D over the past five years," said Nokia Canada president Jeffrey Maddox in a statement.
The new facility will help Nokia work towards its sustainability goals of reducing greenhouse gas emissions by 50 percent by 2030, the release said. The facility will feature sustainable technologies, including water-side heat recovery, air-side heat, and energy recovery, water-side free cooling as well as rainwater harvesting.
Nokia is a global leader in telecom equipment, operating in 130 countries and employing 88,000 people. In 2022, the company had $28 billion in global sales. Over the past five years, Nokia has invested $1.4 billion in research and development in Canada, with innovations being used by communications service providers and web-based companies, such as Amazon and Google.
Source: https://pm.gc.ca/en/news/news-releases/2022/10/17/strengthening-canadas-position-leader-5g-and-digital-innovation