News Release - Magna Continues to Expand in Morocco With New Mirrors Facility
Please click HERE for a PDF version of the release.
- Greenfield manufacturing plant being built in Kenitra,
Morocco $11.3 million investment, 275 jobs- Strategic growth to further support customers in the region
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The 61,400-square-foot facility represents an investment of
"Expanding into
Magna leads the market for advanced mirror technology and innovation. With this new facility, the company expands its reach in enhancing driver experiences through intelligent vision systems. The facility marks the company's second location in
INVESTOR CONTACT
louis.tonelli@magna.com, (+1) 905.726.7035
MEDIA CONTACT
tracy.fuerst@magna.com, (+1) 248.631.5396
ABOUT MAGNA
We are a mobility technology company that is helping pave the way to the future with innovative products and processes. We have more than 174,000 entrepreneurial-minded employees and 348 manufacturing operations and 91 product development, engineering and sales centres in 28 countries. Our competitive capabilities include body exteriors and structures, power and vision technologies, seating systems and complete vehicle solutions. 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.