Magna Expands Ontario, Canada, Operations
The company will establish a new 490,000 square-foot leased facility in Brampton to manufacture battery enclosures for electric vehicles. Operations are scheduled to begin in Q2 2023. In addition Magna is adding e-coat, molding and welding capacity to its Guelph exteriors plant to support new electric vehicle production. The 120,000 square-foot expansion is planned to begin in Q2 2023.
“Magna’s roots in Ontario run deep, and we are excited about opening a new facility dedicated to a strategic electrification product. The Brampton facility, coupled with investment and growth in five existing Ontario facilities, allows Magna to keep up with customer demands across several product areas,” said Eric Wilds, Magna Chief Sales and Marketing Officer. “We are excited to bring new business, more investment and additional jobs to Ontario.”
Magna will also invest in production operations at its Belleville lighting plant and at its mechatronics facilities in Newmarket, Penetanguishene, and Windsor.
“This game-changing investment by Magna will create hundreds of new jobs across the province, while further strengthening Ontario’s end-to-end automotive supply chain,” noted Vic Fedeli, Minister of Economic Development, Job Creation and Trade. “We’re creating the right conditions for businesses to succeed and continue to work around the clock to attract new investments that build a stronger economy.”
The projects are being supported by $23.6 million in grants from the Ontario government.
“Magna's decision to expand in six locations across the province showcases Ontario’s advantages in automotive talent,” added Trevor Dauphinee, CEO of Invest Ontario. “By diversifying automotive parts manufacturing across the province, Magna’s investments will strengthen EV supply chains in Ontario.”
Magna International Inc. is the largest automobile parts manufacturer in North America.The company produces automotive systems, assemblies, modules, and components, which are supplied to General Motors, Ford Motor Company and FCA, as well as BMW, Mercedes, Volkswagen, Toyota, Tesla, and Tata Motors, among others.
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