Establishing new seating facility
AURORA, ON, March 9, 2016 /CNW/ - Magna International Inc.
announced today that it will open a new seating manufacturing
facility in Taizhou, China, to
supply Geely's Volvo Car Group. Construction is already underway in
the Jiju District of Taizhou and is set to be completed by
mid-2016. The announcement was made at an event for investors and
analysts in downtown Toronto.
The 5,200-square-meter facility will produce complete seating
systems for a small crossover utility vehicle, the first automobile
to be produced from Volvo's CMA (Compact Modular Architecture)
platform. The new facility is expected to create up to 90 new
jobs.
"We are excited to bring our latest seating technologies to the
China market and build a
world-class just-in-time plant to serve our customer," said
Jim Chen, Vice President and
Managing Director of Magna Seating in Asia.
Taizhou marks the fifth manufacturing facility for Magna Seating
and the 33rd overall for Magna in China, the world's largest automotive
market.
"We are committed to delivering manufacturing excellence to our
customers aligned with their needs and expectations in all regions
of the world," said Mike Bisson,
President of Magna Seating. "This new facility helps us
support a new customer and expands our footprint in China, both of which are key to growing our
global seating business."
About Magna International
We are a leading global automotive supplier with 305
manufacturing operations and 93 product development, engineering
and sales centres in 29 countries. We have over 139,000 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, 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.