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NFI Group announced an expansion of its Winnipeg manufacturing capability for complete production of heavy-duty transit buses in Canada. The project will increase production capacity by 240 equivalent units annually by 2027, focusing on zero-emission buses including battery-electric, fuel-cell electric, and trolley-electric vehicles. The initiative is supported by the Government of Manitoba with a C$10 million investment and PrairiesCan with a C$15 million repayable contribution. The expansion will create up to 250 new direct green jobs and includes facility upgrades, with construction starting immediately and first bus builds planned for Q4 2025.
NFI Group ha annunciato un’espansione della sua capacità produttiva nello stabilimento di Winnipeg per la produzione completa di autobus a lunga percorrenza in Canada. Il progetto aumenterà la capacità produttiva di 240 unità equivalenti all’anno entro il 2027, concentrandosi su autobus a zero emissioni, tra cui veicoli elettrici a batteria, elettrici a celle a combustibile e veicoli trolley-elettrici. L’iniziativa è sostenuta dal Governo del Manitoba con un investimento di 10 milioni di dollari canadesi e da PrairiesCan con un contributo rimborsabile di 15 milioni di dollari canadesi. L’espansione creerà fino a 250 nuovi posti di lavoro verdi diretti e prevede aggiornamenti alle strutture, con i lavori che inizieranno immediatamente e le prime costruzioni di autobus pianificate per il quarto trimestre del 2025.
NFI Group anunció una expansión de su capacidad de fabricación en Winnipeg para la producción completa de autobuses de tránsito de alta capacidad en Canadá. El proyecto aumentará la capacidad de producción en 240 unidades equivalentes anualmente para 2027, enfocándose en autobuses de cero emisiones, incluidos los vehículos eléctricos de batería, eléctricos de celda de combustible y vehículos trolley-eléctricos. La iniciativa cuenta con el apoyo del Gobierno de Manitoba con una inversión de 10 millones de dólares canadienses y de PrairiesCan con una contribución reembolsable de 15 millones de dólares canadienses. La expansión creará hasta 250 nuevos empleos verdes directos e incluye mejoras en las instalaciones, con la construcción comenzando de inmediato y las primeras construcciones de autobuses previstas para el cuarto trimestre de 2025.
NFI Group은 캐나다에서 대형 대중 교통 버스의 완전 생산을 위해 윈니펙 제조 능력 확장을 발표했습니다. 이 프로젝트는 2027년까지 매년 240 동등 단위의 생산 능력을 증가시켜, 배터리 전기, 연료 전지 전기 및 트롤리 전기 차량을 포함한 제로 배출 버스에 집중합니다. 이 이니셔티브는 마니토바 주 정부의 1천만 캐나다 달러 투자와 PrairiesCan의 1천5백만 캐나다 달러 반환 가능 기여로 지원받고 있습니다. 이 확장은 최대 250개의 새로운 직간접 녹색 일자리를 창출할 것이며, 시설 업그레이드가 포함되어 있으며, 건설은 즉시 시작되고 첫 번째 버스 생산은 2025년 4분기로 계획되어 있습니다.
NFI Group a annoncé une expansion de sa capacité de fabrication à Winnipeg pour la production complète de bus de transit lourds au Canada. Ce projet augmentera la capacité de production de 240 unités équivalentes par an d’ici 2027, en mettant l’accent sur les bus à zéro émission, y compris les véhicules électriques à batterie, les véhicules électriques à hydrogène et les trolleybus. L’initiative est soutenue par le Gouvernement du Manitoba avec un investissement de 10 millions de dollars canadiens et par PrairiesCan avec une contribution remboursable de 15 millions de dollars canadiens. L’expansion créera jusqu’à 250 nouveaux emplois verts directs et comprendra des améliorations des installations, avec un début de construction immédiat et les premières constructions de bus prévues pour le quatrième trimestre 2025.
NFI Group gab eine Erweiterung seiner Produktionskapazitäten in Winnipeg für die vollständige Herstellung von Schwerlaststadtbussen in Kanada bekannt. Das Projekt wird die Produktionskapazität bis 2027 um 240 äquivalente Einheiten jährlich erhöhen und konzentriert sich auf emissionsfreie Busse, einschließlich batterieelektrischer, brennstoffzellen-elektrischer und trolley-elektrischer Fahrzeuge. Die Initiative wird von der Regierung von Manitoba mit einer Investition von 10 Millionen kanadischen Dollar und von PrairiesCan mit einem rückzahlbaren Beitrag von 15 Millionen kanadischen Dollar unterstützt. Die Erweiterung wird bis zu 250 neue direkte grüne Arbeitsplätze schaffen und umfasst Facility-Upgrade. Der Bau beginnt sofort, und die ersten Busproduktionen sind für das vierte Quartal 2025 geplant.
Positive
- Expansion will increase production capacity by 240 equivalent units annually by 2027
- Creation of 250 new direct green jobs
- Secured C$25 million in government funding (C$10M from Manitoba, C$15M from PrairiesCan)
- Interest reduction on existing C$50 million provincial loan
Negative
- Full production capacity won’t be achieved until 2027
- Requires significant co-investment from NFI alongside government funding
Announcement includes planned expansion of New Flyer’s production capacity and zero-emission bus offering
WINNIPEG, Manitoba, Oct. 25, 2024 (GLOBE NEWSWIRE) — (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (NFI), a leading independent bus and coach manufacturer and a leader in electric mass mobility solutions, subsidiary New Flyer Industries Canada ULC (New Flyer), today announced an initiative to expand New Flyer’s Winnipeg manufacturing capability to allow for complete manufacturing of heavy-duty transit buses in Canada and an increased offering of zero-emission buses (the “Project”).
The Project will repurpose existing space at its Winnipeg production facility and the lease of a new finishing facility for final vehicle commissioning, expanding New Flyer’s production capacity by up to 240 equivalent units1 per annum by 2027. The investment will allow New Flyer to manufacture zero-emissions buses, including battery-electric, fuel-cell electric, and trolley-electric buses for the Canadian market.
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1 NFI’s transit bus production is measured in, or based on, “equivalent units” (or “EUs”). One EU represents one production “slot”, being one 35- foot or 40-foot one transit bus, while an articulated 60’ transit bus represents two EUs.
The Government of Manitoba and Prairies Economic Development Canada (PrairiesCan) are supporting the Project that will create up to 250 new direct green jobs at NFI and expand Manitoba’s Green Economy. Manitoba’s contribution includes a C$10 million investment alongside additional cash flow provided by a two-year interest reduction on NFI’s current C$50 million provincial loan. PrairiesCan will provide a C$15 million repayable contribution through its Business Scale Up and Productivity Program as part of PrairiesCan’s Framework to Build a Green Prairies Economy.
NFI will be co-investing in the project alongside the Province and PrairiesCan, to support facility upgrades, zero-emission bus testing, working capital, project administration, and operational costs. Construction activities are starting immediately with the first bus builds taking place in the fourth quarter of 2025, with a continued ramp up through 2026 before achieving the full 240 equivalent unit run rate in 2027.
“Today’s announcement is a major milestone for NFI as it allows us to complete full buses in Canada for the first time in nearly fifteen years. I would like to thank our partners at the Province of Manitoba and PrairiesCan for their commitment and financial support that will help enhance Manitoba’s Green economy,” said Paul Soubry, President and CEO, NFI. “These funds will be strategically invested alongside our own capital to expand our production capacity and increase our zero-emissions transit bus offerings, which will create new jobs and help create more livable North American communities.”
“This project is about putting a ‘Made in Canada’ stamp on the low-carbon economy. Here in Manitoba blue-collar workers are part of the transition to a net zero future, and it’s companies like NFI that are leading the charge,” said Premier Wab Kinew. “We’re pleased to partner with the federal government to get this All-Canadian Build facility done so we can continue to put Manitoba at the cutting edge of zero emission transportation technology.”
“This is a significant step forward by NFI Group. Increasing manufacturing capacity in the zero-emission heavy-duty vehicle sector is good news for Canada and solidifies Manitoba’s leadership in this field. This project is an example of collaboration under the Green Prairie Economy Framework to deliver solutions to build a strong and sustainable economy across the Prairies,” said The Honourable Dan Vandal, Minister for PrairiesCan.
“Demand for zero-emission transit buses in our core markets is at record levels, driven by the transition of transit fleets to zero emission buses in Canadian cities to meet national emission reduction goals,” said Chris Stoddart, President, North American Bus and Coach. “Not only will this project allow for full Canadian bus builds, but it will also free up U.S. capacity, to service even more U.S. customers across our network.”
NFI is a leader in zero-emission mobility, with electric vehicles operating (or on order) in more than 150 cities in six countries. NFI offers the widest range of zero-emission battery and fuel cell-electric buses and coaches, and its vehicles have completed over 180 million EV service miles.
About NFI
Leveraging 450 years of combined experience, NFI is leading the electrification of mass mobility around the world. With zero-emission buses and coaches, infrastructure, and technology, NFI meets today’s urban demands for scalable smart mobility solutions. Together, NFI is enabling more livable cities through connected, clean, and sustainable transportation.
With over 8,750 team members in ten countries, NFI is a leading global bus manufacturer of mass mobility solutions under the brands New Flyer® (heavy-duty transit buses), MCI® (motor coaches), Alexander Dennis Limited (single- and double-deck buses), Plaxton (motor coaches), ARBOC® (low-floor cutaway and medium-duty buses), and NFI Parts™. NFI currently offers the widest range of sustainable drive systems available, including zero-emission electric (trolley, battery, and fuel cell), natural gas, electric hybrid, and clean diesel. In total, NFI supports its installed base of over 100,000 buses and coaches around the world. NFI’s common shares trade on the Toronto Stock Exchange (“TSX”) under the symbol NFI and its convertible unsecured debentures trade on the TSX under the symbol NFI.DB. News and information is available at www.nfigroup.com, www.newflyer.com, www.mcicoach.com, nfi.parts, www.alexander-dennis.com, arbocsv.com, and carfaircomposites.com.
About New Flyer
New Flyer is North America’s heavy-duty transit bus leader and offers the most advanced product line under the Xcelsior® and Xcelsior CHARGE® brands. It also offers infrastructure development through NFI Infrastructure Solutions™, a service dedicated to providing safe, sustainable, and reliable charging and mobility solutions. New Flyer actively supports over 35,000 heavy-duty transit buses (New Flyer, NABI, and Orion) currently in service, of which 8,600 are powered by electric motors and battery propulsion and 1,900 are zero-emission. Further information is available at www.newflyer.com.
Forward-Looking Statement
This press release may contain forward-looking statements relating to expected future events and financial and operating results of NFI that involve risks and uncertainties. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, investors cannot be assured that actual results will be consistent with these forward-looking statements, and the differences may be material. Actual results may differ materially from management expectations as projected in such forward-looking statements for a variety of reasons, including the risks and uncertainties discussed in the materials filed with the Canadian securities regulatory authorities and available on SEDAR at www.sedarplus.ca. Due to the potential impact of these factors NFI disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.
For media and investor inquiries, please contact:
Stephen King
P: 204.792.1300
Stephen.King@nfigroup.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0e57bb64-0e19-400b-83af-70b036114b05
FAQ
What is NFI’s (NFYEF) new production capacity expansion in Winnipeg?
NFI is expanding its Winnipeg facility to increase production capacity by 240 equivalent units annually by 2027, enabling complete manufacturing of heavy-duty transit buses in Canada, including zero-emission vehicles.
How much government funding did NFI (NFYEF) receive for the Winnipeg expansion?
NFI received C$25 million in total government funding: C$10 million from the Government of Manitoba and C$15 million from PrairiesCan as a repayable contribution.
When will NFI (NFYEF) begin production at the expanded Winnipeg facility?
Construction is starting immediately, with first bus builds scheduled for Q4 2025 and full production capacity of 240 units expected by 2027.
How many jobs will NFI’s (NFYEF) Winnipeg expansion create?
The expansion project will create up to 250 new direct green jobs at NFI in Manitoba.
