News Release - Magna Expands in India
Two new facilities in Sanand, Gujarat, targeting start of volume production in 2015
At one of the new Sanand facilities, Magna will make complete seat systems for a leading automaker. The 215,000-square-foot plant will employ approximately 200 people and is expected to begin volume production in 2015.
At Magna's second new facility in Sanand, the company will manufacture body and chassis systems for multiple customers. The 356,000-square-foot plant will employ approximately 400 people and also expects to begin volume production in 2015.
"Magna's growth in markets such as
Magna's growing presence in
-
a 279,000-square-foot body and chassis plant in
Pune which performs blanking, stamping, forming, as well as welding and assembly on programs for customers such asGeneral Motors ,Volkswagen ,Tata Motors andMahindra & Mahindra ; -
a 225,000-square-foot body and chassis plant in
Chennai which performs stamping, welding and assembly for customers such as Ford andNissan inIndia , as well as customers outsideIndia ; -
a seating design and engineering center in
Pune ; and -
a vacuum pump manufacturing facility in Bengaluru, serving customers
such as
Maruti Suzuki , Honda Cars India,Mahindra & Mahindra ,Renault-Nissan andTata Motors .
In addition, Magna is able to provide its customers in
Magna's current presence in
About
We are a leading global automotive supplier with 317 manufacturing
operations and 83 product development, engineering and sales centres in
29 countries. We have over 130,000 employees focused on delivering
superior value to our customers through innovative products and
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
THIS RELEASE MAY CONTAIN STATEMENTS WHICH CONSTITUTE "FORWARD-LOOKING STATEMENTS" UNDER APPLICABLE SECURITIES LEGISLATION AND ARE SUBJECT TO, AND EXPRESSLY QUALIFIED BY, THE CAUTIONARY DISCLAIMERS THAT ARE SET OUT IN MAGNA'S REGULATORY FILINGS. PLEASE REFER TO MAGNA'S MOST CURRENT MANAGEMENT'S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL POSITION, ANNUAL INFORMATION FORM AND ANNUAL REPORT ON FORM 40-F, AS REPLACED OR UPDATED BY ANY OF MAGNA'S SUBSEQUENT REGULATORY FILINGS, WHICH SET OUT THE CAUTIONARY DISCLAIMERS, INCLUDING THE RISK FACTORS THAT COULD CAUSE ACTUAL EVENTS TO DIFFER MATERIALLY FROM THOSE INDICATED BY SUCH FORWARD-LOOKING STATEMENTS. THESE DOCUMENTS ARE AVAILABLE FOR REVIEW ON MAGNA'S WEBSITE AT WWW.MAGNA.COM.
SOURCE
Tracy Fuerst
Director, Corporate Communications &
Media Relations
(248) 631-5396
Tracy.fuerst@magna.com