Magna Recognized for Innovation in Manufacturing

  • Innovative process earns SPE Award
  • New, flexible manufacturing solution for automotive exteriors
  • Latest recognition increases SPE awards to seven total in 2016 for the company

TROY, MI, Nov. 10, 2016 /CNW/ - Magna International Inc. announced today that it has won an Innovation Award from the Society of Plastics Engineers (SPE) for its unique process of laser cutting and welding front and rear fascias for the 2017 Chevrolet Camaro ZL1. Magna received the top award in the Process/Assembly/Enabling Technologies category at SPE's Automotive Division 2016 Innovation Awards Competition & Gala on Nov. 9 in Livonia, Mich. The process, which can be applied to other plastic exterior components, is used instead of punch and ultrasonic welding, providing greater flexibility for lower-volume programs.

(Photo: http://photos.prnewswire.com/prnh/20161110/438069)

"Developing new processes, materials and technologies is key to supporting our customers," said Magna Exteriors President Grahame Burrow. "The recognition we have received from SPE underscores our commitment to producing and delivering innovative exterior systems and components."

This latest honor comes on the heels of a near sweep by Magna at the SPE Central Europe Automotive Awards last month where the company won five awards, including the Grand Award for a unique, lightweight skid plate made for a premium European automaker. The laser cutting and welding process also won the SPE Detroit Chapter's Innovation Award in the exteriors category last month.

TAGS
Automotive exterior products, automotive exterior systems, automotive exterior innovation, award-winning automotive exteriors

ABOUT MAGNA INTERNATIONAL  
We are a leading global automotive supplier with 312 manufacturing operations and 98 product development, engineering and sales centres in 29 countries. We have over 155,000 employees focused on delivering superior value to our customers through innovative products and processes, and World Class Manufacturing. We have complete vehicle engineering and contract manufacturing expertise, as well as product capabilities which include body, chassis, exterior, seating, powertrain, electronic, active driver assistance, vision, closure and roof systems. 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 won an Innovation Award from the Society of Plastics Engineers for its unique process of laser cutting and welding front and rear fascias for the 2017 Chevrolet Camaro ZL1. Magna received the top award in the Process/Assembly/Enabling Technologies category at SPE’s Automotive Division 2016 Innovation Awards Competition & Gala on Nov. 9 in Livonia, Mich. (CNW Group/Magna International Inc.)". Image available at: http://photos.newswire.ca/images/download/20161110_C5050_PHOTO_EN_815756.jpg

For further information: INVESTOR CONTACT: Louis Tonelli, Vice-President, Investor Relations, louis.tonelli@magna.com, 905.726.7035; MEDIA CONTACT: Tracy Fuerst, Global Director of Corporate Communications & PR, tracy.fuerst@magna.com, 248.631.5396

RELATED LINKS
http://www.magna.com

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