Magna Celebrates Grand Opening of Exteriors Facility in Mexico

State-of-the-art molding, painting and assembly operation

AURORA, ON, May 18, 2016 /CNW/ - Magna International Inc. announces the grand opening of Magna Exteriors Queretaro, a newly constructed facility in Queretaro, Mexico, for manufacturing automotive exterior products. Company officials were joined by Queretaro Governor Francisco Dominguez Servien and other members of local, state and federal government to celebrate the occasion.

(Photo: http://photos.prnewswire.com/prnh/20160518/369390)

The 290,000-square-foot, state-of-the-art injection molding and robotic paint line facility will employ approximately 600 people and will supply global automakers with molded and painted parts such as fascias, bumpers and rocker panels.

"On behalf of Magna, I want to thank the city and state of Queretaro for their ongoing support and collaboration on this project," said Magna Exteriors President Grahame Burrow. "They have helped make it possible for us to come here and establish this first-class team and world-class operation, and we are excited for the opportunity to support our customers from this new facility."

Magna established its first Mexico facility in Puebla in 1991. Today Magna has 30 manufacturing facilities, one engineering & product development centre, and almost 25,000 employees in Mexico.

About Magna
We are a leading global automotive supplier with 306 manufacturing operations and 92 product development, engineering and sales centres in 29 countries. We have over 147,000 employees focused on delivering superior value to our customers through innovative products and processes, and World Class Manufacturing. These figures include manufacturing operations, product development, engineering and sales centres and employees in equity accounted operations. Our product capabilities include producing body, chassis, exterior, seating, powertrain, electronic, vision, closure and roof systems and modules, as well as complete vehicle engineering and contract manufacturing. Our common shares trade on the Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA). For further information about Magna, visit our website at www.magna.com.

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THIS RELEASE MAY CONTAIN STATEMENTS WHICH CONSTITUTE "FORWARD-LOOKING STATEMENTS" UNDER APPLICABLE SECURITIES LEGISLATION AND ARE SUBJECT TO, AND EXPRESSLY QUALIFIED BY, THE CAUTIONARY DISCLAIMERS THAT ARE SET OUT IN MAGNA'S REGULATORY FILINGS.  PLEASE REFER TO MAGNA'S MOST CURRENT MANAGEMENT'S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL POSITION, ANNUAL INFORMATION FORM AND ANNUAL REPORT ON FORM 40-F, AS REPLACED OR UPDATED BY ANY OF MAGNA'S SUBSEQUENT REGULATORY FILINGS, WHICH SET OUT THE CAUTIONARY DISCLAIMERS, INCLUDING THE RISK FACTORS THAT COULD CAUSE ACTUAL EVENTS TO DIFFER MATERIALLY FROM THOSE INDICATED BY SUCH FORWARD-LOOKING STATEMENTS. THESE DOCUMENTS ARE AVAILABLE FOR REVIEW ON MAGNA'S WEBSITE AT WWW.MAGNA.COM.

SOURCE Magna International Inc.

Image with caption: "Magna announces the grand opening of new Mexico facility (CNW Group/Magna International Inc.)". Image available at: http://photos.newswire.ca/images/download/20160518_C3351_PHOTO_EN_694069.jpg

For further information: Tracy Fuerst, Director, Corporate Communications & Media Relations, (248) 631-5396, Tracy.fuerst@magna.com

RELATED LINKS
http://www.magna.com

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