News Release - Magna Opens New Facility In Mexico
“Magna has been a great partner of Coahuila, and with them we build a future of development and growth for the company, its workers, and their families, as well as to generate greater wealth and prosperity for our state," said the Governor Ruben Moreira Valdez during his participation.
The new Magna Seating Allende facility, a 108,000-square-foot building, will employ approximately 1,000 people when it reaches full production in 2017. Magna will invest USD$8 million over the next three years in the facility, which will cut and sew the soft trim material used in seats for a variety of auto makers.
“Our North American seating business continues to expand and we are responding by adding world-class manufacturing facilities – this new seating trim plant is a great example,” said Simon Kew, Vice President Operations, Magna Seating. “We are pleased to be growing our business in Mexico, and fortunate to work together again with the Coahuila government in the development of this new facility and bring jobs to the local community.”
Magna established its first Mexico facility in Puebla in 1991. With the establishment of this new facility in Allende, Magna will have 28 manufacturing facilities, one engineering & product development centre, and more than 24,000 employees in Mexico.
About Magna International
We are a leading global automotive supplier with 285 manufacturing operations and 83 product development, engineering and sales centres in 29 countries. We have over 125,000 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, 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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