Magna begins construction on US$135-million Mexican plant
In a move to add to its capacity in Mexico’s booming automotive sector, auto parts supplier Magna International Inc. is building a new US$135-million factory in Mexico.
Aurora, Ont.-based Magna announced that it has begun construction on an automotive exteriors plant in Queretaro, Mexico, that will employ approximately 600 people once it launches in early 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,” Magna Exteriors president Grahame Burrow said in a statement. “Our growth in Mexico offers opportunities for Magna to continue to align ourselves with the ongoing needs of our global customers.”
When the Queretaro plant is operational, Magna will have 30 manufacturing facilities and 24,000 employees in Mexico, compared to 46 plants in Canada, 60 in the U.S., and 121 in Europe.