Magna announces more than $500 million investment to expand operations at three Michigan locations
Magna recently announced that it will invest more than $500 million in three locations in Michigan (USA). Specifically, the investment covers the expansion of an existing plant and the creation of two new ones.
Magna currently has 32 facilities and more than 10,000 employees throughout Michigan. Both the expansion and the new plants are expected to create more than 1,500 new jobs. Magna’s director of marketing and sales, Eric Wilds, said:
“With our unmatched capabilities in all of our product areas, we continue to work with our customers to help them meet their mobility needs. We are excited to bring new business, more investment and more jobs to Michigan and thank the state for its support.”
Going into even more detail, the expansion, dubbed ‘Magna Electric Vehicle Structures’, involves adding nearly 68,750 square metres to its existing facility in St. Clair. Operations of the expansion are expected to begin in the fourth quarter of 2023. The plant is currently engaged in supplying steel battery casings to a global automotive manufacturer.
One of the new sites, Shelby Township, will have an area of 18,580 m2, and will be dedicated to supplying battery tray components for a global automaker’s electric vehicles. Construction is expected to begin in March 2023.
The other facility, located in Detroit, will be almost 10,220 m2 and will supply seat frames, upholstery assembly and foam to a US automaker.
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