‘Committed to the long term‘: Hitachi Energy to build $479M transformer insulation factory in London, Ont.

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Hitachi Energy and the federal and Ontario governments have announced a $479-million plan to build a new transformer insulation factory to help meet skyrocketing demand from data centres, green energy and industrial development. “All those investments are creating more demand for components, and transformers are a major element in the customer energy chain,” Bruno Melles, chief executive of Hitachi’s transformers business unit, said in an interview ahead of Friday’s announcement in London, Ont. “Because in every place where there is power generation and in every place where there is a connection, there is a transformer.”The 21,000-square-metre facility 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 Hitachi would establish in the Americas. Currently in Canada that material sourced from Europe, Melles said. Story continues below advertisement

Hitachi Energy, along with the federal and Ontario governments, have announced a $479-million plan to build a new transformer insulation factory Hitachi Energy and the federal and Ontario governments have announced a $479-million plan to build a new transformer insulation factory to help meet skyrocketing demand from data centres, green energy and industrial development. “All those investments are creating more demand for components, and transformers are a major element in the customer energy chain,” Bruno Melles, chief executive of Hitachi’s transformers business unit, said in an interview ahead of Friday’s announcement in London, Ont. “Because in every place where there is power generation and in every place where there is a connection, there is a transformer.”The 21,000-square-metre facility 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 Hitachi would establish in the Americas. Currently in Canada that material sourced from Europe, Melles said.

AtlanticNova ScotiaNew BrunswickPrince Edward Island Newfoundland and LabradorCalgaryLethbridgeKitchenerGuelphNorthern OntarioSudburyNorth BaySault Ste. MarieTimminsOttawaKingstonBrockvillePembrokeReginaYorktonSaskatoonPrince AlbertTorontoWatchWeatherPeelHamiltonDurhamYorkHaltonNiagaraQueen's ParkToronto City HallIn PicturesVancouverVancouver IslandCanadaLocal SpotlightRoyal FamilyPoliticsNanosPower PlayQuestion PeriodFederal Election 2025WorldMideast ConflictRussia-Ukraine WarWatchLatestCaptured on CameraPoliticsLifestyleConsumerHealthExplainedEntertainmentTechnologyDeception DecodedAutosEnvironmentBusinessInflationReal EstateAutos

InvestingBy Cherise Smellie Published: October 18, 2026 at 6:00a.m. EDTBNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. Monday, Oct. 19Alberta Referendum8:30 am: CAD Consumer Price Index (Sep) 11:30 am: BOC Business Outlook Survey and Survey of Consumer Expectations (Q3) U. S. Earnings:Cleveland-Cliffs: Bef-mktTuesday, Oct. 20U. S. Earnings:General Electric: Bef-mktNorthrop Grumman: Bef-mktHasbro: Bef-mkt3M Co: Bef-mktGeneral Motors: Bef-mktEquifax: Bef-mktKeyCorp: Bef-mktNetflix: Aft-mktCapital One Financial: Aft-mktUnited Airlines: Aft-mktWednesday, Oct. 21TSX Earnings:Waste Connections: Aft-mktU. S. Earnings:AT&T: Bef-mktSouthwest Airlines: Aft-mktMeta Platforms: Aft-mktTesla: Aft-mktThursday, Oct. 22TSX Earnings:Mullen Group: Bef-mktU. S. Earnings:Comcast: Bef-mktLockheed Martin: Bef-mktHoneywell International: Bef-mktBlackstone: Bef-mktNorfolk Southern: Bef-mktProcter & GambleUnion Pacific: Bef-mktNewmont: Aft-mktDeckers Outdoor: Aft-mktFriday, Oct. 238:30 am: CAD Retail Sales (Aug)British Columbia Election (October 24)TSX Earnings:Rogers Communications: Bef-mktU. S.

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