News Release - Magna Launches New Training Center in Missouri
The state-of-the-art training center includes all of the assembly technologies currently in use at LMV, such as robotic spot and MIG welding, and will be used to develop the weld technicians, tooling technicians and maintenance personnel required for LMV’s operations. In addition to offering hands-on experience, the center features a classroom area and an innovation corner where employees can learn the principles and practices of lean manufacturing.
“We are proud to have built a strong partnership with the state of Missouri and the local community to create opportunities for our employees and continue to build the automotive market in Kansas City,” said Andy Hrasky, General Manager, LMV Automotive Systems. “Our world-class manufacturing facility, now with its own world-class training center, gives us a competitive advantage and a solid position from which to grow with our customers.”
The training center will also be a focal point in LMV’s new partnership with the Northland Center for Advanced Professional Studies (Northland CAPS), an organization that provides high school students with opportunities to gain exposure and skills related to high-demand/high-skill professions such as engineering, computer software development and advanced manufacturing.
LMV Automotive Systems, a manufacturing division of Magna’s Cosma International operating unit, employs approximately 340 people who produce welded body assemblies for automakers. In 2014, the facility added 256,000 square feet to its manufacturing operations to accommodate increased part supplies for nearby auto manufacturers. Cosma is one of the world's premier global automotive suppliers providing a comprehensive range of body, chassis and engineering solutions to OEM customers around the world.
About Magna International
We are a leading global automotive supplier with 287 manufacturing operations and 81 product development, engineering and sales centres in 29 countries. We have approximately 124,000 employees focused on delivering superior value to our customers through innovative products, processes and World Class Manufacturing. Our product capabilities include producing body, chassis, 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.
# # #
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.