News Release - Magna Expands in Alabama with Aluminum Casting Facility

• New facility adds to existing operation in Birmingham, Ala.
• Aluminum structural castings help reduce vehicle weight and complexity
• The 150,000-square-foot expansion is expected to create more than 100 jobs

AURORA, ON, Sept. 8, 2017 /PRNewswire/ - Magna is expanding operations to add aluminum casting capabilities at its Kamtek facility in Birmingham, Alabama, to continue helping automakers address global demand for decreased carbon dioxide emissions and improved fuel economy through vehicle lightweighting. Governor Kay Ivey was in attendance to celebrate the expansion with Magna executives and employees.

Magna invested approximately $60 million to add the 150,000-square-foot facility. At full capacity, the expansion has the potential to generate more than 100 jobs.

The new facility will feature a manufacturing process – high-pressure aluminum casting – that further enables Magna to provide vehicle lightweighting and part-reduction solutions for customers. The new capabilities improve upon traditional steel multi-piece welded assemblies, which can take upwards of 12 stampings to produce one structural component. High-pressure aluminum casting allows production of full structures in one piece, reducing vehicle mass without compromising performance, structural integrity or safety.

"We remain focused on lightweighting to help improve fuel economy while decreasing vehicle emissions over time," said John Farrell, president of Cosma International, Magna's body and chassis operating unit. "The Kamtek expansion demonstrates our dedication to meeting these challenges head-on through leading-edge manufacturing processes that streamline vehicle weight reduction for our customers."

The Kamtek facility employs approximately 850 people and produces structural components for various customers including Mercedes-Benz, Volkswagen and Nissan. The new facility will initially produce lightweight aluminum front shock towers for a major global automaker, with additional customers and programs expected in the future.

ABOUT MAGNA
We are a leading global automotive supplier with 327 manufacturing operations and 100 product development, engineering and sales centres in 29 countries. We have over 161,000 employees focused on delivering superior value to our customers through innovative products and processes, and world class manufacturing. We have complete vehicle engineering and contract manufacturing expertise, as well as product capabilities which include body, chassis, exterior, seating, powertrain, active driver assistance, vision, closure and roof systems and have electronic and software capabilities across many of these areas. 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.

INVESTOR CONTACT: Louis Tonelli, Vice-President, Investor Relations, louis.tonelli@magna.com, 905.726.7035; MEDIA CONTACT: Tracy Fuerst, Global Director of Corporate Communications & PR, tracy.fuerst@magna.com, 248.631.5396