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Magna invests USD11.3 million to build new mirrors facility in Morocco

April 25/2019

MOSCOW (MRC) -- Aurora, Ont.-based automotive parts supplier Magna International Inc. has begun construction of a new facility in Kenitra, Morocco, to supply global automakers with exterior and interior mirror systems, as per Canplastics.

The 61,400-square-foot facility represents an investment of USD11.3 million by Magna and is expected to create up to 275 jobs. Production at the new plant is scheduled to begin in spring 2020.

"Expanding into Morocco is a strategic move for Magna, as our customers continue to grow in the region, John OHara, president Magna Mechatronics, Mirrors and Lighting, said in a statement. We also value the high level of skilled employees and engineering talent in the region, and we look forward to building a strong and capable team."

Morocco offers a "competitive export-focused production base for global automakers, Magnas statement also said. The countrys government has a stated goal of building one million vehicles per year by 2025 and has been successful in attracting automakers and investment in new production plants to achieve that goal."

The facility in Kenitra will be Magnas second location in Morocco, following the formation of a Casablanca-based engineering joint venture with Altran Technologies SA in October 2018.


mrcplast.com
Author:Anna Larionova
Tags:compounds, compounding, Magna International.
Category:General News
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