AURORA, Ont.—Magna International Inc. continues to expand its footprint in the world’s largest auto market.
The parts supplier has announced it plans to open a new seating manufacturing facility in Taizhou, China by mid-2016. Already under construction, the plant will supply seats for Chinese auto maker Geely—specifically for the company’s Volvo-branded vehicles.
“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,” Jim Chen, vice-president and managing director of Magna Seating in Asia.
At 5,200 square-metres, the facility will create 90 jobs and add to Magna’s already significant footprint in China. Though Magna did not disclose the value of the investment, the new plant will become the Aurora, Ont.-based company’s 33rd facility in the Asian country.
The plant’s initial purpose will be to product seats for a Volvo-branded small crossover utility vehicle.