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October 21, 2025

SK Biopharmaceuticals launches AI digital health business with Eurofarma in Ontario

SK Biopharmaceuticals, in partnership with Eurofarma, is launching Mentis Care, a new AI digital health joint venture, in Toronto, Ontario.

Source: Invest Ontario

SK Biopharmaceuticals launches AI digital health business with Eurofarma in Ontario
SK Biopharmaceuticals, in partnership with Eurofarma, is launching Mentis Care, a new AI digital health joint venture, in Toronto, Ontario.
New joint venture lands at MaRS, driving neurological care innovation with Ontario’s AI and life sciences talent TORONTO, Ontario, October 21, 2025 – SK Biopharmaceuticals, part of South Korean conglomerate SK Group, and Eurofarma, a Brazil-based multinational pharmaceutical company, are expanding their presence in North America with the launch of a new AI digital health joint venture, Mentis Care, in Toronto, Ontario. Focused on developing AI-driven epilepsy management solutions, Mentis Care will combine electroencephalogram (EEG) monitoring technology with predictive algorithms to help patients anticipate and manage seizures more effectively. The technology analyzes neurological patterns in real time, identifying precursors to seizure events and providing patients with advance warning. This 50:50 joint venture marks both SK Biopharmaceuticals’ and Eurofarma’s first digital health initiative in North America and their first Canadian business operation. It aims to address the unmet need for predictive and preventive tools that complement pharmaceutical treatment of epilepsy. SK Biopharmaceuticals is expanding beyond pharmaceuticals into digital healthcare to open new possibilities in patient care. Through Mentis Care, we will advance toward patient-centered innovation by integrating AI and clinical data to improve epilepsy treatment. Donghoon Lee CEO of SK Biopharmaceuticals For Eurofarma, the JV represents the future we envision for healthcare, combining digital technologies and medicines for a transformative and positive leap in patients’ lives. We are a reference in central nervous system treatments in Latin America, with a broad portfolio of medicines and close relationships with psychiatrists and neurologists. For some years now, we have added digital innovation investments to our R&D activities, and since 2022, we have maintained a small operation in North America. With this new partnership, we will strengthen these fronts in a single move. Rodrigo Pereira Director of Entrepreneurship and Digital at Eurofarma Located at the MaRS Discovery District, Mentis Care’s Toronto R&D centre joins a thriving, talent-dense ecosystem anchored by the Vector Institute and a network of world-class universities and research hospitals that are driving the convergence of AI and life sciences innovation. This investment builds on the long-standing partnership between Ontario and South Korean companies, which have made significant contributions across the province’s advanced manufacturing and clean technology sectors in recent years. The launch of Mentis Care represents a new milestone in this collaboration, extending joint innovation into the growing digital health space. Ontario’s life sciences sector is a pillar of our economy, driven by world-class talent, cutting-edge research, and a thriving ecosystem that attracts global investment. We congratulate SK Biopharmaceuticals and Eurofarma on this partnership, and look forward to seeing Mentis Care leverage Ontario's expertise and sector strengths to deliver AI-driven healthcare breakthroughs and strengthen our province’s leadership in innovative healthcare technologies. Hon. Vic Fedeli Minister of Economic Development, Job Creation and Trade Mentis Care plans to expand its local team and strengthen industry-academic collaborations, with the objective of transforming neurological care through AI to improve patient outcomes. Mentis Care is an AI-driven digital health company with a mission to help patients with epilepsy live safer and more independently through AI-powered seizure prediction and monitoring. By combining the innovation capabilities of our partners, SK Biopharmaceuticals and Eurofarma, we aim to establish a new standard in digital epilepsy management for patients worldwide. Hassan Kotob CEO of Mentis Care Invest Ontario supported the expansion by connecting the company with key partners and programs, ensuring Mentis Care’s North American debut is set up for success. We’re proud that SK Biopharmaceuticals and Eurofarma chose Ontario as the base for their next phase of growth. This expansion reflects the confidence international investors have in the Ontario life sciences community and aligns with our strategy to diversify and deepen partnerships that contribute to a more resilient economy. Khawar Nasim CEO of Invest Ontario The decision by SK Biopharmaceuticals and Eurofarma to choose Toronto over other global cities is a powerful vote of confidence in our region’s competitiveness. Mentis Care joins a growing roster of global companies investing in AI-powered life sciences here, each reinforcing Toronto’s position as one of the world’s most dynamic innovation centres. Stephen Lund CEO of Toronto Global Invest Ontario continues to partner with forward-looking companies to unlock new opportunities and accelerate their success, while creating meaningful jobs and strengthening the province’s economy for the future. For more information about Invest Ontario, please visit www.investontario.ca.

October 21, 2025

Ontario Investment Roundup

Year after year, we have seen billions in investments in the automotive, advanced manufacturing and life sciences industries in Ontario, Canada.

September 19, 2025

Chapman’s invests over $200 million to expand ice cream manufacturing in Ontario

Chapman’s is investing over $200 million to expand its operations in Markdale, Ontario.

Source: Invest Ontario

Chapman’s invests over $200 million to expand ice cream manufacturing in Ontario
Chapman’s is investing over $200 million to expand its operations in Markdale, Ontario.
New facility to introduce new products and respond to growing international demand MARKDALE, Ontario, September 19, 2025 – Invest Ontario is proud to support a milestone investment by Chapman’s, the largest independent ice cream manufacturer in Canada, as this homegrown company undertakes a major expansion of its operations in Markdale, Ontario. This investment of over $200 million will allow Chapman’s to introduce products never before sold in Canada to consumers, while also positioning the company to develop its export business to meet growing demand in international markets. Creating 200 new jobs, the project adds a 175,000 square-foot facility with three new production lines coming online initially and three more planned in the years ahead. This expansion comes at a critical time for Chapman’s. The competition from multinationals has only increased in recent years, and this project will help us to establish a stronger competitive ground. We are grateful to the province and Invest Ontario for the support on this project. Additional funding from Invest Ontario has allowed us to build a bigger facility and support higher paying jobs for Canadians. Ashley Chapman COO of Chapman’s Leading food manufacturers like Chapman’s leverage both Ontario’s strong agricultural sector and the province’s skilled workforce and expertise in advanced manufacturing. The expansion will feature state-of-the-art equipment and automation technology to boost capacity, improve efficiency and support staff upskilling. I’m thrilled to welcome Chapman’s latest investment in Ontario, which is a major vote of confidence in our province’s economy and workers. We’re going to continue doing whatever it takes to protect workers by cutting red tape and making Ontario the most competitive place in the G7 to invest and create jobs. Hon. Doug Ford Premier of Ontario All of Chapman’s products are made in Markdale using milk and cream exclusively sourced in Canada. The expansion will create new opportunities for Canadian suppliers, contributing to the growth of the agri-food economy as more Ontario-made food products are being manufactured and supplied across the country and internationally. At a time of global uncertainty, Ontario is proud to stand as a trusted partner for companies seeking a competitive business environment, highly skilled workforce and resilient economy in which to invest. We are thrilled to see Chapman’s expand their Canadian roots and deliver innovative, high-quality Ontario-made products to families here and around the world. Hon. Vic Fedeli Minister of Economic Development, Job Creation and Trade Founded in 1973, Chapman’s remains a family-run business and currently employs over 800 full-time workers in Markdale, making it the community’s largest employer. Another 200 will be added with this expansion, deepening the company’s long-term commitment to the regional economy. The investment will be supported with a loan of up to $27 million through the Invest Ontario Fund. Chapman’s is a household name in Canada and an Ontario success story. Through this expansion, they are reinforcing their roots at home while opening doors to the world market. We’re proud to support this Ontario business that will create opportunities for Ontarians and strengthen the province’s supply chain resilience. Khawar Nasim CEO of Invest Ontario Invest Ontario is a dedicated partner to businesses seeking strategic growth in Ontario. The Agency remains focused on supporting investments that create meaningful jobs and build a stronger, more competitive economy for all Ontarians. For more information about Invest Ontario, please visit www.investontario.ca.

September 18, 2025

Northern Transformer enters large power transformer market with expansion in Ontario, Canada

Northern Transformer Corporation is investing $206.8 million to establish a new manufacturing facility in Innisfil, Ontario.

Source: Invest Ontario

Northern Transformer enters large power transformer market with expansion in Ontario, Canada
Northern Transformer Corporation is investing $206.8 million to establish a new manufacturing facility in Innisfil, Ontario.
New Innisfil facility enables production of Large Power Transformers, bolstering Ontario’s energy supply chain INNISFIL, Ontario, September 18, 2025 – Invest Ontario is proudly supporting a $206.8 million investment by Northern Transformer Corporation (NTC) to establish a new manufacturing facility in Innisfil, Ontario. Creating 151 new jobs, the project will double the company’s workforce and allow it to enter the Large Power Transformer market. With the new Innisfil plant, the Ontario-based manufacturer will produce liquid-filled transformers of up to 750MVA and 500kV — critical equipment used in the construction of high-voltage power transmission networks, electricity generation and large-scale industrial projects such as mining and data centres. The need for transformers is rising in North America due to increasing electricity consumption and aging grid infrastructure. By expanding domestic manufacturing of Large Power Transformers, NTC’s investment will strengthen Ontario’s energy supply chain and its capacity to meet the growing demand for critical grid components. We’re proud to expand our footprint in Ontario to meet the rising demand for mission-critical Large Power Transformers across North America. This investment not only boosts our production capacity and technical capabilities, but also drives job creation, innovation and supply chain growth in the region. Alexei Miecznikowski President and CEO of Northern Transformer Corporation In addition, the new facility will benefit from Ontario’s robust transformer supply chain, sourcing most of its inputs including magnet wire, insulation systems and electrical steel within Ontario, creating new opportunities for suppliers in the province and reducing reliance on imported materials. We’re deeply grateful to our clients—Hydro One for their long-term vision and early commitment, and OPG and Bruce Power for their continued support. We also sincerely thank Invest Ontario and the Federal Economic Development Agency for Southern Ontario for their support. Special thanks to the Town of Innisfil, whose early recognition of this project’s potential and ongoing partnership have been instrumental to its success. continued Miecznikowski With this expansion, NTC is building on Ontario’s highly skilled workforce, strength in advanced manufacturing and network of top-tier utilities and industrial customers. Combined with a competitive, stable business environment, Ontario provides the conditions companies like NTC need to scale operations and succeed. Northern Transformer’s investment in Innisfil sends a clear and compelling message: In the face of global uncertainty, Ontario remains a stable, resilient and competitive partner to do business with. Through Invest Ontario, our government is proud to support a project that aligns with our unyielding commitment to create high-value jobs for Ontario workers, strengthen Ontario-made supply chains and position the province for lasting prosperity. Hon. Vic Fedeli Minister of Economic Development, Job Creation and Trade The Canadian company has been a key supplier for the North American energy market since 1981. Headquartered in Maple, Ontario, it currently produces Small and Medium Power Transformers and employs 150 workers. Its customers include leading utilities and companies in renewables, nuclear, industrial, mining and petrochemical sectors across North America. Our clients appreciate and value long-term, mutually beneficial relationships. This investment reflects our unwavering commitment to supporting their evolving needs as the energy sector undergoes rapid transformation — driven by infrastructure renewal, economic growth, and electrification. Giovanni Marcelli Chairman of Northern Transformer Corporation The investment will be supported with a loan of up to $10.5 million through the Invest Ontario Fund, subject to reaching a definitive agreement. Northern Transformer’s investment is an important win for Innisfil and the province. It builds capacity in critical electrical grid equipment, creates good jobs and opens new opportunities for Ontario suppliers. We’re pleased to support a project that reinforces Ontario’s supply chain resilience and improves energy reliability. Khawar Nasim CEO of Invest Ontario For more information about Invest Ontario, please visit www.investontario.ca.

September 17, 2025

Element5 expands mass timber production in Ontario

Element5 is investing $107 million to expand its mass timber operations in St. Thomas, Ontario.

Source: Invest Ontario

Element5 expands mass timber production in Ontario
Element5 is investing $107 million to expand its mass timber operations in St. Thomas, Ontario.
Ontario manufacturer doubles capacity at St. Thomas plant to meet growing housing demand ST. THOMAS, Ontario, September 17, 2025 – Invest Ontario is supporting Element5’s $107 million investment to expand its mass timber operations in St. Thomas, Ontario. The project will double the site’s production capacity, boosting domestic supply of sustainable building materials to meet the rising demand for affordable, modular housing. The expansion features a new facility equipped with a fully automated Glulam (glued-laminated timber) production line. The investment will create 150 new jobs, with the company’s workforce expected to surpass 300 employees. Mass timber construction has been gaining popularity in both housing and non-residential projects in North America. It offers a low-carbon, renewable alternative to concrete and steel used in building structures, while enabling faster construction speed. Element5 has been a key supplier for affordable housing projects, having completed nine projects across Ontario to date. A notable example is a four-storey, multi-unit supportive housing building in Kitchener that took only one year from design to completion. The company’s portfolio also includes commercial, industrial and municipal projects such as North America’s first mass timber-constructed warehouse in Brampton. This expansion represents a bold step forward for Element5, our partners and the mass timber industry in Canada. We are proud to provide innovative, sustainable building solutions that help address Canada’s urgent need for affordable, climate-friendly housing and infrastructure. With our expanded operations, we are even better positioned to support communities across Ontario and North America. Chris Latour President of Element5 Ontario’s rich forest resources, combined with its skilled workforce and advanced manufacturing expertise, make it the natural home for Element5’s continued growth. Forests cover nearly two-thirds of the province’s land area, providing a reliable supply of sustainably sourced lumber. By increasing production of Glulam and cross-laminated timber (CLT) made of lumber sourced in Northern Ontario, Element5’s expansion contributes to strengthening the province’s forestry sector and regional economies, while reducing the reliance on imported building materials. Ontario’s forestry and wood manufacturing sectors support tens of thousands of jobs across the province. As our government delivers on our plan to protect Ontario, Element5’s expansion will create over a hundred new jobs and bolster the province’s wood manufacturing supply chain, increasing the forestry sector’s competitiveness and unlocking new opportunities for workers, builders and homeowners. Hon. Vic Fedeli Minister of Economic Development, Job Creation and Trade Founded in 2015, Element5 is a homegrown manufacturer and leader in the design, fabrication and assembly of mass timber buildings. Last year, it received a strategic investment from parent company the HASSLACHER group, an Austrian-based timber producer, that helped fund this expansion. The investment will be supported with a loan of up to $8 million through the Invest Ontario Fund, subject to reaching a definitive agreement. At Invest Ontario, we are expanding our scope to respond to a changing economic environment including support for affordable housing which is a priority for Ontario. This project advances that focus by supporting a homegrown mass timber supplier that is instrumental in meeting the growing demand for affordable, modular construction. Khawar Nasim CEO of Invest Ontario For more information about Invest Ontario, please visit www.investontario.ca.

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In the Spotlight

SK Biopharmaceuticals launches AI digital health business with Eurofarma in Ontario

Ontario Investment Roundup

Chapman’s invests over $200 million to expand ice cream manufacturing in Ontario

Northern Transformer enters large power transformer market with expansion in Ontario, Canada

Element5 expands mass timber production in Ontario

Every great venture begins with a conversation