Magna planning to build new aluminum casting plant in Telford, U.K.
Aiming to supply Jaguar Land Rover, new 225,000 square-foot plant will add nearly 300 jobs to auto parts firm's U.K. workforce
SAILAUF, Germany—Magna International Inc. is looking to shore up the supply chain for two iconic British vehicle brands with the construction of a new aluminum casting facility.
Planned for the town of Telford, U.K.—located southeast of Liverpool in central England—the new 225,000 square-foot plant will create 295 jobs and operate under Magna subsidiary Cosma International.
“We are excited to work closely with Jaguar Land Rover in the development of this project which will bring the most advanced structural casting technologies to the UK,” John Farrell, president of Cosma, said. “As lightweighting continues to be a key technology driver, we are uniquely positioned to help automakers achieve optimal weight savings throughout the vehicle architecture.”
Magna expects to break ground on the new facility this fall and begin production by 2018. Employing 295 at full-production, the plant will use the parts supplier’s high-pressure vacuum die casting process to build a number of lightweight castings.
Though Magna has not released the value of the investment, the Aurora, Ont.-based company did say it received some financial support from the U.K. Government’s Regional Growth Fund help finance the project.