Magna to open new seat-making facility in China
The new manufacturing plant will supply Zhejiang Geely’s Volvo.
Automotive parts supplier Magna International Inc. is opening a new seat-making facility in China to supply Zhejiang Geely Holding Group Co’s Volvo car group.
In a statement, Magna said that the 5,200-square-meter facility in Taizhou, China, is to be completed by mid-2016, and will produce complete seating systems for a small crossover utility vehicle.
“This new facility helps us support a new customer and expands our footprint in China, both of which are key to growing our global seating business,” Mike Bisson, president of Magna Seating, said in the release.
The new plant will become Magna’s 33rd facility located in China. Aurora, Ont.-based Magna earns about half of its revenue from outside North America.