Magna to build new aluminum casting plant in UK
Aurora, Ont.-based auto parts supplier Magna International Inc. has announced plans to build a new world-class aluminum casting facility in Telford, United Kingdom, to support Jaguar Land Rover, the UK’s leading vehicle manufacturer.
The new facility is expected to be approximately 225,000 square feet and will create up to 295 jobs at full capacity. Working with the UK Trade & Investment and the Automotive Investment Organization, along with financial support from the UK Government’s Regional Growth Fund, helped to secure this project. Construction is expected to start in the autumn of 2016.
“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,” said John Farrell, president of Cosma International, an operating unit of Magna International. “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.