Canadian Plastics


January 12, 2016 News

Magna completes Getrag acquisition

by Canadian Plastics

Purchase will add nearly 14,000 employees and boost Magna’s presence in the powertrain market.

November 28, 2015 News

Magna forms seating joint venture in China

by Canadian Plastics

Canadian auto parts maker Magna International Inc. is expanding its already considerable footprint in China by forming a new 50/50 joint venture with Chongqing Hongli Zhixin Automotive Parts Manufacture Co. The agreement will see the two firms collaborate on providing

November 21, 2015 News

Magna opens seat manufacturing facility in Mexico

by Canadian Plastics

Aurora, Ont.-based auto parts maker Magna International Inc. has officially launched its new automotive seat manufacturing facility in Allende, Coahuila, Mexico. A 108,000-square-foot facility, Magna Seating Allende will cut and sew the soft trim material used in seats for a

October 25, 2015 News

Magna challenges students to help shape the car of 2030

by Canadian Plastics

North American college students can win trips to CES 2016, cash prizes.

October 19, 2015 News

Magna to build $50.8 million manufacturing plant in South Carolina

by Canadian Plastics

Canada-based automotive parts maker Magna International is expanding its manufacturing operations with a new $50.8 million exteriors facility Southern Greenville County, S.C. When finished, the facility will support new business with BMW to supply various exterior molded and painted assemblies.

October 2, 2015 News

Magna buys Stadco metal-stamping business

by Canadian Plastics

Canadian automotive parts supplier Magna International Inc. is acquiring Stadco Automotive Ltd., a U.K.-based company that supplies stamped bodies for auto makers such as Jaguar Land Rover, Ford Motor Co. and General Motors. The terms of the deal have not

September 16, 2015 News

Magna partners with Israel-based Argus to combat vehicle hacking

by Canadian Plastics

The goal is to maintain vehicle connectivity while ensuring auto sector security.

September 11, 2015 News

Magna expands mirrors plant in Mexico

by Canadian Plastics

Aurora, Ont.-based automotive parts supplier Magna International Inc. is investing more than $16 million to expand its Magna Mirror Systems Monterrey plant in Monterrey, Mexico, as a result of new mirror business. The expansion will add an additional 55,000 square

August 31, 2015 News

Magna completes sale of interiors business to Grupo Antolin

by Canadian Plastics

Canadian automotive parts supplier Magna International Inc. has completed the sale of its interiors operations to Spanish auto parts manufacturer Grupo Antolin. The sale, for approximately US$525 million, was announced in April, and involves the production of headliners, interior trim

July 2, 2015 News

Magna to build seating division facility in Michigan

by Canadian Plastics

Canadian auto parts supplier Magna International Inc. is investing US$48 million to build a new facility in Novi, Mich., for its seating division. The project is being funded in part by the Michigan Economic Development Corp., which awarded Magna Seating

February 21, 2015 News

Magna opens new chassis facility in Mexico

by Canadian Plastics

Auto supplier Magna International Inc. has opened its Autotek Morelos plant, a new greenfield facility in Emiliano Zapata, Morelos, Mexico, designed for the assembly of automotive chassis products. The 130,000-square-foot facility will produce structural welded assemblies for global automakers including

February 3, 2015 News

Magna acquires business units of Philips & Lite-On Digital Solutions

by Canadian Plastics

In a move designed to strengthen its electronics engineering capabilities in Europe, automotive parts supplier Magna International Inc. has acquired the head-up display and electronic components business units of Philips & Lite-On Digital Solutions (PLDS) in Wetzlar, Germany, as well

February 2, 2015 News

Lightweight concept from Ford and Magna has “significant environmental benefits”

by Canadian Plastics

A new multi-material lightweight vehicle (MMLV) concept car developed by Canadian auto parts maker Magna International Inc. in cooperation with Ford Motor Co. and the U.S. Department of Energy offers “clear advantages in terms of global warming potential and the

January 16, 2015 News

Magna “actively looking” for acquisitions, CEO Walker says

by Canadian Plastics

Auto parts maker Magna International Inc. is actively looking for new acquisitions, with both smaller bolt-on acquisitions and larger transformational ones a possibility, CEO Don Walker said. “We are quite actively looking. We just want to make sure we don’t

January 13, 2015 News

Magna expects as much as US$36 billion in global sales in 2015

by Canadian Plastics

Automotive parts maker Magna International Inc. estimates it will have between US$34.4- and US$36.1 billion of sales this year, about half of it from auto parts sales in North America. The rest of Aurora, Ont.-based Magna’s revenue this year will

December 15, 2014 News

Magna, Ford help startups with tech mentor program

by Canadian Plastics

Aurora, Ont.-based auto parts supplier Magna International Inc. is partnering with Ford Motor Co., Verizon Telematics, Inc. and Techstars, a mentor-driven seed stage investment organization, to launch a program designed to assist startup companies. Called “Techstars Mobility, driven by Detroit”,