Magna Expands St. Clair, Michigan, Production Center
The company will also expand its production plant in Highland Park where it will assemble seat frames and insource trim and foam assembly, as well as lease an existing facility in Shelby Charter Township.
“With our unmatched capabilities across our product areas, we continue to work with our customers to help them meet their mobility needs,” said Magna Chief Marketing and Sales Officer Eric Wilds. “We are excited to be able to bring new business, more investment and additional jobs to Michigan and we thank the state for its support.”
Magna Electric Vehicle Structures was created in 2021 to produce complex structural battery enclosures for electric propulsion vehicles. The company has recently secured a new contract to supply additional battery enclosures.
“Congratulations to the entire Magna team on your tremendous growth and success. We are grateful to have earned this investment for Team Michigan! Today’s investments that build on our efforts to position Michigan as the global leader in the future of mobility and vehicle electrification will create good jobs and economic opportunity for Michiganders for years to come,” noted?Quentin Messer, Jr.,?CEO of the MEDC and President and Chair of the Michigan Strategic Fund. “We are grateful to the Governor and legislators for the continued support of our programs. We’re proud to join our local partners as we celebrate Magna’s expansions in Michigan and look forward to working together to lead the way into the future of mobility.”
To support the project, the Michigan Strategic Fund approved an amendment to the company’s previously approved Michigan Business Development Program grant from $1.5 million to $7.5 million and a 15-year, 100 percent SESA exemption for the company valued at up to $6,304,520 for its $287,590,000 eligible investment.
In addition, the city of St. Clair anticipates approval of a property tax abatement in support of the project as well as supporting the construction of a water tower for the project. Michigan Economic Development Corporation (MEDC) also authorized a State Education Tax abatement to be used in conjunction with the locally approved abatement.
“We are excited to partner with MEVS to bring these jobs and this project to the City of St. Clair,” added Dan Casey, CEO of Economic Development Alliance. “This is another step forward in the transition toward an electric vehicle future.”
Magna is a mobility technology company and one of the largest suppliers in the automotive industry. Products include body, chassis, exterior, seating, powertrain, active driver assistance, electronics, mechatronics, mirrors, lighting, and roof systems. The company operates 32 facilities and employs more than 10,000 in Michigan.
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