Magna Celebrates Grand Opening of Powertrain Facility in China
Magna International Inc. announced today that its Magna Powertrain operating unit celebrated the grand opening of a new facility in the Tianjin Airport Economic Area. Company officials were joined by members of the Tianjin local government as well as executives from Volkswagen Group.
The new, state-of-the-art facility is approximately 13,500 square meters and will employ as many as 400 people at full production. The facility will initially produce rear axle drive modules and power take-off units for locally assembled Volkswagen and Audi models in China, and will serve as a center of excellence for driveline products.
"As our customers continue to expand their global manufacturing footprint, they expect suppliers like Magna to be there to support them," said Jake Hirsch, President Magna Powertrain. "This new facility will serve both current and future automotive customers, and is a great example of our commitment to the Chinese market as well as customers like Volkswagen."
Tianjin is Magna Powertrain's sixth location in China since establishing their first operation in Changzhou in 2005, and it represents Magna's 26th manufacturing facility in the country.
About Magna Powertrain
Magna Powertrain (www.magnapowertrain.com), an operating group of Magna International, is a global supplier for the automotive industry with full capabilities in powertrain design, development, testing and manufacturing. Complete system integration sets us apart from our competitors, and our innovations make important contributions to the overall performance of vehicles around the world: they improve fuel economy, make vehicles safer and lighter, ensure a pleasurable driving experience, and provide added value to our customers.
In line with increasing environmental pressure, many of Magna Powertrain’s innovations focus on electronically controlled technologies, supporting the quest for improved efficiency and reduced emissions. Manufacturing locations, engineering centers, and sales offices are situated close to our global customer base, stretching throughout all regions of the world.
About Magna International
We are a leading global automotive supplier with 314 manufacturing operations and 89 product development, engineering and sales centers in 29 countries. Our 123,000 employees are focused on delivering superior value to our customers through innovative processes 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.