Magna to set up new auto exteriors plant in Mexico
Magna International Inc, the leading global automotive supplier with 313 manufacturing operations and 84 product development
Magna International Inc, the leading global automotive supplier with 313 manufacturing operations and 84 product development, engineering and sales centres in 28 countries, has announced the start of construction at a new, state-of-the-art automotive exteriors manufacturing facility inQueretaro, Mexico.
With an investment of approximatelyUS$135 million (Rs 852 crore), Magna plans to construct a 26,400-square-metre (285,000-square-foot) facility and expects to employ approximately 600 people within the first year. The facility will produce moulded and painted exterior parts including fascias and rocker panels for global automakers, and the launch of the plant is projected for the first quarter of 2016.
"We are pleased to establish operations inQueretaro, a growing region for the automotive manufacturing industry with a skilled workforce and professional business environment," saidGrahame Burrow, president of Magna Exteriors. "Our growth inMexicooffers opportunities for Magna to continue to align ourselves with the ongoing needs of our global customers."
Magna established its first facility inPuebla, Mexico, in 1991. With the establishment of this new facility inQueretaro, Magna will have 30 manufacturing facilities, one engineering & product development centre,
RELATED ARTICLES
Kia displays EV5 and Sonet SUVs for Chinese market
Kia has unveiled a number of key models and new technologies for Chinese customers at the 2024 Beijing International Aut...
Nissan targets growth in China, unveils four NEV concepts at Beijing Motor Show
The two EVs and two plug-in hybrids are a joint effort with Nissan’s local partner Dong Feng and aimed to better address...
Lamborghini unveils Urus SE ahead of Auto China 2024
Electric-only range of 60km helps reduce emissions by 80%.