Production supporting JLR expected to start
in 2018
SAILAUF, Germany, May 25, 2016 /PRNewswire/ - Magna International
Inc. today announced it will build a new world-class aluminum
casting facility in Telford, United
Kingdom, to support Jaguar Land Rover, the UK's leading
vehicle manufacturer.
(PHOTO:
http://photos.prnewswire.com/prnh/20160524/371733)
The new facility is expected to be approximately 225,000 square
feet and will create up to 295 jobs at full capacity. Working with
the UK Trade & Investment and the Automotive Investment
Organization, along with financial support from the UK Government's
Regional Growth Fund, helped to secure this project. Construction
is expected to start in the autumn of 2016.
Once production begins in 2018, the facility will use Magna's
innovative high-pressure vacuum die casting process to produce a
number of advanced lightweight aluminum castings– a key building
block in the next generation all-aluminum and multi-material
vehicle architectures. By using these types of castings,
Magna helps automakers deliver maximum strength and stiffness and
minimum weight, ultimately achieving better fuel economy, safety
and handling.
"We are excited to work closely with Jaguar Land Rover in the
development of this project which will bring the most advanced
structural casting technologies to the UK," said John Farrell, President of Cosma International,
an operating unit of Magna International. "As
lightweighting continues to be a key technology driver, we are
uniquely positioned to help automakers achieve optimal weight
savings throughout the vehicle architecture."
Magna, through its Cosma International operating unit, is one of
the world's premier suppliers providing a comprehensive range of
body, chassis and engineering solutions to automakers around the
world.
About Magna
We are a leading global automotive supplier with 306
manufacturing operations and 92 product development, engineering
and sales centres in 29 countries. We have over 147,000 employees
focused on delivering superior value to our customers through
innovative products and processes, and World Class Manufacturing.
These figures include manufacturing operations, product
development, engineering and sales centres and employees in equity
accounted operations. Our product capabilities include producing
body, chassis, 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 of America Inc.