State-of-the-art molding, painting and
assembly operation
AURORA, ON, May 18, 2016 /CNW/ - Magna International
Inc. announces the grand opening of Magna Exteriors Queretaro, a
newly constructed facility in Queretaro,
Mexico, for manufacturing automotive exterior products.
Company officials were joined by Queretaro Governor Francisco Dominguez Servien
and other members of local, state and federal government to
celebrate the occasion.
(Photo: http://photos.prnewswire.com/prnh/20160518/369390)
The 290,000-square-foot, state-of-the-art injection molding and
robotic paint line facility will employ approximately 600 people
and will supply global automakers with molded and painted parts
such as fascias, bumpers and rocker panels.
"On behalf of Magna, I want to thank the city and state of
Queretaro for their ongoing
support and collaboration on this project," said Magna Exteriors
President Grahame Burrow. "They have
helped make it possible for us to come here and establish this
first-class team and world-class operation, and we are excited for
the opportunity to support our customers from this new
facility."
Magna established its first Mexico facility in Puebla in 1991. Today Magna has 30
manufacturing facilities, one engineering & product development
centre, and almost 25,000 employees in Mexico.
About Magna
We are a leading global automotive
supplier with 306 manufacturing operations and 92 product
development, engineering and sales centres in 29 countries. We have
over 147,000 employees focused on delivering superior value to our
customers through innovative products and processes, and World
Class Manufacturing. These figures include manufacturing
operations, product development, engineering and sales centres and
employees in equity accounted operations. 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.
# # #
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.