DAILY NEWS Feb 16, 2014 1:09 PM - 0 comments

Magna investing, adding jobs in Michigan

TEXT SIZE bigger text smaller text
2014-02-16

Magna Interior Trim will invest US$3.6 million and create 274 jobs at its plants in China and Benzonia townships in Michigan, according to the Michigan Economic Development Corporation (MEDC).

 

The expansions come after the automotive supplier – a subsidiary of Aurora, Ont.-based Magna International Inc. – acquired two new contracts to supply door trim molded parts and sub components, the MEDC said in a statement. The expansions are expected to generate nearly US$27.6 million in new capital investment and bring 494 new jobs in Michigan, the organization added.

 

Magna also has received an US$822,000 Michigan Business Development Program performance-based grant, MEDC said.

 

“Michigan is the No. 1 state for creating new manufacturing jobs, and these new expansions demonstrate that our economic climate is more business-friendly than ever and our manufacturing talent pool can compete with any place in the world,” MEDC president and CEO Michael A. Finney said in the statement. “These projects all mean more jobs and greater economic opportunities for people across Michigan.”



Horizontal ruler

Horizontal Ruler

Post A Comment

Disclaimer
Note: By submitting your comments you acknowledge that Canadian Plastics has the right to reproduce, broadcast and publicize those comments or any part thereof in any manner whatsoever. Please note that due to the volume of e-mails we receive, not all comments will be published and those that are published will not be edited. However, all will be carefully read, considered and appreciated.

Your Name (this will appear with your post) *

Email Address (will not be published) *

Comments *



* mandatory fields