AURORA, ON, March 18, 2015 /CNW/ - Magna International
Inc. announced today the start of construction at a new,
state-of-the-art automotive exteriors manufacturing facility in
Queretaro, Mexico. The
company held a ceremony at the site of the new plant and met with
Governor of Queretaro José Calzada to jointly announce the
project.
(Photo: http://photos.prnewswire.com/prnh/20150318/182941 )
With an investment of approximately $135
million USD, Magna plans to construct a 26,400-square-meter
(285,000-square-foot) facility and expects to employ approximately
600 people within the first year. The facility will produce molded
and painted exterior parts including fascias and rocker panels for
global automakers, and the launch of the plant is projected for the
first quarter of 2016.
"We are pleased to establish operations in Queretaro, a growing region for the automotive
manufacturing industry with a skilled workforce and professional
business environment," said Grahame
Burrow, president of Magna Exteriors. "Our growth in
Mexico offers opportunities for
Magna to continue to align ourselves with the ongoing needs of our
global customers."
Magna established its first facility in Puebla, Mexico, in 1991. With the
establishment of this new facility in Queretaro, Magna will have 30 manufacturing
facilities, one engineering & product development center, and
more than 24,000 employees in Mexico.
About Magna International
We are a leading global automotive supplier with 313
manufacturing operations and 84 product development, engineering
and sales centres in 28 countries. We have approximately 131,000
employees focused on delivering superior value to our customers
through innovative products, processes and World Class
Manufacturing. Our product capabilities include producing body,
chassis, interior, exterior, seating, powertrain, electronic,
vision, closure and roof systems and modules, as well as complete
vehicle engineering and contract manufacturing. Our common shares
trade on the Toronto Stock Exchange (MG) and the New York Stock
Exchange (MGA). For further information about Magna, visit our
website at www.magna.com.
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SOURCE Magna International Inc.