AURORA, ON,
April 29, 2014 /PRNewswire/ - Magna
International Inc. announced today that its Magna Powertrain (MPT)
operating unit has placed a symbolic first stone at the site of a
new manufacturing facility in Ramos
Arizpe, Coahuila, Mexico. MPT hosted a groundbreaking
ceremony today for customer representatives, employees and
government officials to commemorate the start of construction.
(Photo:
http://photos.prnewswire.com/prnh/20140429/81594)
To support the addition of new business, the facility will be
the third building at MPT's growing operation in Ramos Arizpe and is expected to be
approximately 16,000 square meters (172,000 square feet). MPT Ramos
will create jobs for an additional 230 people at full capacity and
produce all-wheel drive systems for vehicles made by Volkswagen's
luxury brand Audi.
Magna's investment to build the facility is approximately
$75 million USD. The launch of the
plant is scheduled for 2016.
"MPT Ramos has become a global Center of Excellence for Magna
Powertrain's AWD and 4WD product lines," said Jake Hirsch, President of Magna Powertrain.
"This new facility will allow us to extend our AWD capabilities and
further our position as a world leader in this field."
MPT established its presence in Ramos
Arizpe in 1999, and today employs more than 1,400 people at
two facilities which produce AWD and 4WD systems for leading global
automotive companies. More than two million axles and driveline
products were produced by MPT Ramos in 2013. In Mexico overall, Magna has more than 22,000
employees throughout its 29 manufacturing operations and one
product development, engineering and sales center.
About Magna Powertrain
Magna Powertrain, an operating group of Magna International, is a
global supplier for the automotive industry with full capabilities
in powertrain design, development, testing and manufacturing.
Complete system integration sets us apart from our competitors, and
our innovations make important contributions to the overall
performance of vehicles around the world: they aim to improve fuel
economy, make vehicles safer and lighter, ensure a pleasurable
driving experience, and provide added value to our customers.
In line with increasing environmental pressure, many of Magna
Powertrain's innovations focus on electronically controlled
technologies, supporting the quest for improved efficiency and
reduced emissions. Manufacturing locations, engineering centers,
and sales offices are situated close to our global customer base,
stretching throughout all regions of the world.
About Magna International
We are a leading global automotive supplier with 316 manufacturing
operations and 84 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 World Class Manufacturing. Our
product capabilities include producing body, chassis, interior,
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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SOURCE Magna International Inc.
Image with caption: " (CNW Group/Magna International Inc.)".
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