Magna Opens New Body & Chassis Plant in Mexico

• Facility to produce structural welded assemblies for global automakers
• Currently employs 400, expected growth to approximately 1,000
• Gives Magna 32 facilities and more than 28,000 employees in Mexico

AURORA, Ontario, April 19, 2018 (GLOBE NEWSWIRE) -- Magna executives were joined by Governor Juan Manuel Carreras Lopez, members of local government, customers and employees to celebrate the grand opening of a new body & chassis manufacturing facility in San Luis Potosí, Mexico.

"We are so glad that Magna, a global company, decided to invest in San Luis Potosí. Magna could choose any country in the world and their decision shows confidence in Mexico," said Governor Lopez. "My special recognition to all Magna San Luis employees, all of you are world-class employees."

The 189,000-square-foot facility will produce structural welded assemblies for global automakers including BMW and Mercedes-Benz. It currently employs 400 people and is expected to grow to approximately 1,000 employees at full production.

"On behalf of Magna, I want to thank the local community and the state of San Luis Potosí for their ongoing support and collaboration on this project," said Sandro Passera, Vice President of Cosma Mexico. "They have helped make it possible for us to continue growing our world-class manufacturing operation, and we are excited for the opportunity to support our customers from this new facility."

Magna established its first facility in Mexico in 1991 with the opening of Autotek Puebla. Today, the addition of the new body & chassis plant in San Luis Potosí gives Magna 32 facilities and more than 28,000 employees in Mexico.

TAGS
Automotive body & chassis, structural welded assemblies

INVESTOR CONTACT
Louis Tonelli, Vice-President, Investor Relations
[email protected], 905.726.7035

MEDIA CONTACT
Tracy Fuerst, Global Director of Corporate Communications & PR
[email protected], 248.631.5396

ABOUT MAGNA INTERNATIONAL  
We have more than 168,000 entrepreneurial-minded employees dedicated to delivering mobility solutions. We are a mobility technology company and one of the world's largest automotive suppliers with 335 manufacturing operations and 96 product development, engineering and sales centres in 28 countries. Our competitive capabilities include body exteriors and structures, power and vision technologies, seating systems and complete vehicle solutions. Our common shares trade on the Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA). For further information about Magna, visit www.magna.com.

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