Magna building US$135M plant in Mexico
The plant will produce molded and painted exterior parts
The 26,400-square-meter facility will employ 600 people within the first year and produce molded and painted exterior parts including fascias and rocker panels for global automakers.
The launch of the plant is projected for the first quarter of 2016.
“We are pleased to establish operations in Queretaro, a growing region for the automotive manufacturing industry with a skilled workforce and professional business environment,” said Grahame Burrow, president of Magna Exteriors. “Our growth in Mexico offers opportunities for Magna to continue to align ourselves with the ongoing needs of our global customers.”
Magna established its first facility in Puebla, Mexico, in 1991. With the establishment of this new facility in Queretaro, Magna will have 30 manufacturing facilities, one engineering & product development center, and more than 24,000 employees in Mexico.