Consultants Forum Advertise
Subscribe
Close

  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Subscribe Now
Renew

Area Development - Site Selection, Facility Planning and Workforce Development

Magna Establishes Stanton-Lawrenceburg, Tennessee, Facilities

07/24/2023
Canadian parts manufacturer Magna plans to establish the first two supplier facilities at Ford’s BlueOval City supplier park in Stanton and a stamping and assembly plant in Lawrenceburg, Tennessee. The $790 million project is expected to create 1,300 jobs.

The company will supply Ford with battery enclosures, truck frames and seats for the automaker’s second-generation electric truck. The BlueOval City investment includes a new 800,000-square-foot frame and battery enclosures facility and a 140,000-square-foot seating facility. Production at all three locations is scheduled to begin in 2025.

“These opportunities not only strengthen our relationship with a valued customer, but also reflect the depth and breadth of our capabilities across the vehicle. We are thankful to the state of Tennessee for their support and partnership,” Eric Wilds, chief sales and marketing officer, Magna said.

Aurora, Ontario-based Magna International Inc. is the largest automobile parts manufacturer in North America by sales of original equipment parts. The company produces automotive systems, assemblies, modules, and components, which are supplied to General Motors, Ford and Stellantis, as well as BMW, Mercedes, Volkswagen, Toyota, Tesla, and Tata Motors, among others.

“We are proud that Magna is leading the way to grow Ford’s BlueOval City supplier park and boosting job creation with its commitment of nearly 1,300 new jobs in Tennessee. The $790 million investment from Magna will further shape the economic landscape of Lawrence and Haywood counties and strengthen the electric vehicle supply chain in Tennessee for years to come. Congratulations to all our partners who worked to bring these three projects to fruition,” TNECD Commissioner Stuart C. McWhorter noted.

“During the site selection process, Magna demonstrated excellence in corporate culture and shared with us their commitment to community. These attributes reflect the core values of our business community. I am glad to welcome Magna to Lawrence County and look forward to supporting their operations,” Ryan Egly, president and CEO, Lawrence County Chamber of Commerce added.

Share

Exclusive Research