Magna invests $11.3 million to build new mirrors facility in Morocco
The 61,400-square-foot facility in Kenitra represents an investment of $11.3 million by Magna and is expected to be operational by spring 2020.
April 23, 2019 by Canadian Plastics
Aurora, Ont.-based automotive parts supplier Magna International Inc. has begun construction of a new facility in Kenitra, Morocco, to supply global automakers with exterior and interior mirror systems.
The 61,400-square-foot facility represents an investment of $11.3 million by Magna and is expected to create up to 275 jobs.
Production at the new plant is scheduled to begin in spring 2020.
“Expanding into Morocco is a strategic move for Magna, as our customers continue to grow in the region,” John O’Hara, president Magna Mechatronics, Mirrors and Lighting, said in a statement. “We also value the high level of skilled employees and engineering talent in the region, and we look forward to building a strong and capable team.”
Morocco offers a “competitive export-focused production base” for global automakers, Magna’s statement also said. “The country’s government has a stated goal of building one million vehicles per year by 2025 and has been successful in attracting automakers and investment in new production plants to achieve that goal.”
The facility in Kenitra will be Magna’s second location in Morocco, following the formation of a Casablanca-based engineering joint venture with Altran Technologies SA in October 2018.