- Larger facility to meet growing business; 150 new jobs
- Automated paint line to start in 2019
- Plant supplies 80 different customer locations
SAILAUF, Germany, Oct. 31, 2017 /PRNewswire/ - As a result of
business growth at its mirror manufacturing facility in Nove mesto
nad Vahom, Slovakia, Magna has
relocated to a larger facility. The company is investing
$30 million USD to refurbish the
building and install a new automated paint line, and the expansion
will create approximately 150 new jobs at the facility.
The new facility is approximately twice the size of the previous
location at 27,820 square meters. The move is complete and Magna is
serving customers from the new location, with the paint line
expected to be operational in early 2019.
Established more than 20 years ago, Magna's Slovakia mirrors plant, known locally as
Slovteca, currently employs 630 people. Products made at the
facility include exterior mirrors, prismatic and electrochromic
interior mirrors, turn signals and puddle lights. Slovteca supplies
approximately 20 different customers and ships to more than 80
locations worldwide. It was named a 2016 Best Place to Work in
Slovakia.
"As our business in Europe
continues to grow, we are making investments to deliver even
greater levels of value and satisfaction to our customers," said
John O'Hara, president of Magna
Mirrors. "To the Slovteca team I say congratulations for a strong
record of performance and keep up the good work as you begin
operations at your new location."
TAGS
Automotive mirrors, Slovakia, jobs
and investment
ABOUT MAGNA
We are a leading global automotive
supplier with 327 manufacturing operations and 100 product
development, engineering and sales centres in 29 countries. We have
over 161,000 employees focused on delivering superior value to our
customers through innovative products and processes, and World
Class Manufacturing. We have complete vehicle engineering and
contract manufacturing expertise, as well as product capabilities
which include body, chassis, exterior, seating, powertrain,
electronic, active driver assistance, vision, closure and roof
systems. 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.