TROY, MI, Sept. 3, 2014 /CNW/ - Magna International Inc. announced today that it has started construction on a new, state-of-the-art manufacturing facility located in Spring Hill, Tennessee. The 122,500-square-foot facility will manufacture complete seat assemblies supplying General Motors' Spring Hill Assembly Plant. The plant will be fully operational in January 2015.
"This new facility demonstrates our commitment to GM in delivering high-quality products through our world-class manufacturing initiatives," said Mike Bisson, president of Magna Seating. "We are pleased to support our customer and look forward to potential growth opportunities."
"Spring Hill, Maury County, and the State of Tennessee have been extremely supportive in our plans for the new plant," said Jeff Fuller, general manager of Magna Spring Hill. "We are excited to partner with the local government to create jobs and position ourselves for future business."
The new facility becomes Magna's fifth location in Tennessee and is expected to employ approximately 75 people when it begins production next year.
About Magna International
We are a leading global automotive supplier with 317 manufacturing operations and 83 product development, engineering and sales centres in 29 countries. We have over 130,000 employees focused on delivering superior value to our customers through innovative products and World Class Manufacturing. Our product capabilities include producing body, chassis, interior, 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.
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.
For further information:
Director, Corporate Communications & Media Relations