Two new facilities in Sanand, Gujarat, targeting start of
volume production in 2015
AURORA, ON,
Sept. 23, 2014 /PRNewswire/ - Magna
International Inc. announces the establishment of two new
facilities in the Sanand region of the state of Gujarat,
India, as the company continues to
expand its global engineering and manufacturing footprint. While
the new plants reflect business awards for vehicle programs built
off global-platforms, they also help position Magna for further
growth in India as vehicle
production expands.
At one of the new Sanand facilities, Magna will make complete
seat systems for a leading automaker. The 215,000-square-foot plant
will employ approximately 200 people and is expected to begin
volume production in 2015.
At Magna's second new facility in Sanand, the company will
manufacture body and chassis systems for multiple customers. The
356,000-square-foot plant will employ approximately 400 people and
also expects to begin volume production in 2015.
"Magna's growth in markets such as India reflects our customers' need for
world-class, innovative suppliers," said Jim Tobin, Chief Marketing Officer and President
of Magna Asia. "With almost a million square feet of capacity now
installed in India, we believe we
are extremely well-positioned to support the increasing vehicle
production forecast for the Indian automotive industry."
Magna's growing presence in India also includes the following existing
facilities:
- a 279,000-square-foot body and chassis plant in Pune which performs blanking, stamping,
forming, as well as welding and assembly on programs for customers
such as General Motors, Volkswagen, Tata Motors and Mahindra &
Mahindra;
- a 225,000-square-foot body and chassis plant in Chennai which performs stamping, welding and
assembly for customers such as Ford and Nissan in India, as well as customers outside
India;
- a seating design and engineering center in Pune; and
- a vacuum pump manufacturing facility in Bengaluru, serving
customers such as Maruti Suzuki,
Honda Cars India, Mahindra & Mahindra, Renault-Nissan and Tata
Motors.
In addition, Magna is able to provide its customers in
India broad product and process
expertise on a local basis, as well as global program coordination
through a body and chassis engineering centre in Bengaluru, seating
and full-vehicle engineering centres in Pune, and a latch and closure engineering
centre in Chennai.
Magna's current presence in India includes approximately 1,600
employees. With the two new Sanand facilities, Magna will
have 11 manufacturing locations and four engineering centres.
About Magna International
We are a leading global automotive supplier with 317 manufacturing
operations and 83 product development, engineering and sales
centres in 29 countries. We have over 130,000 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, 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.
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.
SOURCE Magna International Inc.