Canadian Plastics

Magna to build car seat cover factory in Serbia: report

Canadian Plastics   

Automotive Automotive: Materials

Magna Seating, a unit of Canada-based auto parts maker Magna International, will build a car seat cover factory in northern Serbia, the country's investment promotion agency said.

Magna Seating, a unit of Canada-based auto parts maker Magna International, will build a car seat cover factory in northern Serbia, the country’s investment promotion agency said.

The 34,400-square-foot plant will employ 132 people initially but this will increase to 444 by 2015, Aleksandar Miloradovic, spokesman for Serbia Investment and Export Promotion Agency, told the international media.

Plant construction, to begin in the second quarter of 2012, is estimated to cost US$3.75 million.

The plant will be located in Odzaci, 140km northwest of Belgrade, where local authorities will provide a 6.6 acre plot as part of efforts to attract foreign direct investments, Miloradovic said.

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Magna International is headquartered in Aurora, Ont.

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