Magna Celebrates Grand Opening of New Facility in North Macedonia
Sailauf, Germany, October 12, 2022 – Magna is expanding its footprint in Eastern Europe with the opening of a new facility in Struga, North Macedonia. The company celebrated the grand opening of the new plant with Prime Minister of the Republic of North Macedonia Dimitar Kovačevski, members of the government and other local representatives.
Magna’s new Struga operation is the company’s first manufacturing facility in North Macedonia and will support several European automakers. Covering an area of approximately 17,000 square meters, the facility has started operations earlier this year with more than 300 employees and expects to hire up to 1,000 employees through 2024 as business ramps up. The facility will produce exterior mirror systems including actuators and wire harnesses.
“We are excited about the opening of Magna’s first plant in North Macedonia, and the possibilities it brings to grow our footprint in Eastern Europe and create new jobs in the region,” said David Crespy, Head of Magna Mirrors, “The North Macedonia government and local community have been very cooperative, and we look forward to our continued collaboration in order to support our customers going forward.”
ABOUT MAGNA
Magna is more than one of the world’s largest suppliers in the automotive space. We are a mobility technology company with a global, entrepreneurial-minded team of 161,000 employees and an organizational structure designed to innovate like a startup. With 65+ years of expertise, and a systems approach to design, engineering and manufacturing that touches nearly every aspect of the vehicle, we are positioned to support advancing mobility in a transforming industry. Our global network includes 341 manufacturing operations and 89 product development, engineering and sales centres spanning 28 countries.
For further information about Magna [(NYSE:MGA; TSX:MG)], please visit www.magna.com or follow us on Twitter @MagnaInt.
THIS RELEASE MAY CONTAIN STATEMENTS WHICH CONSTITUTE “FORWARD-LOOKING STATEMENTS” UNDER APPLICABLE SECURITIES LEGISLATION AND ARE SUBJECT TO, AND EXPRESSLY QUALIFIED BY, THE CAUTIONARY DISCLAIMERS THAT ARE SET OUT IN MAGNA’S REGULATORY FILINGS. PLEASE REFER TO MAGNA’S MOST CURRENT MANAGEMENT’S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL POSITION, ANNUAL INFORMATION FORM AND ANNUAL REPORT ON FORM 40-F, AS REPLACED OR UPDATED BY ANY OF MAGNA’S SUBSEQUENT REGULATORY FILINGS, WHICH SET OUT THE CAUTIONARY DISCLAIMERS, INCLUDING THE RISK FACTORS THAT COULD CAUSE ACTUAL EVENTS TO DIFFER MATERIALLY FROM THOSE INDICATED BY SUCH FORWARD-LOOKING STATEMENTS. THESE DOCUMENTS ARE AVAILABLE FOR REVIEW ON MAGNA’S WEBSITE AT WWW.MAGNA.COM.
Related News
Magna Accelerates Hybrid Innovation with First Dedicated Drive System Award
News & Pressemeldungen
Magna Announces New 10% Normal Course Issuer Bid and Automatic Share Purchase Plan
News & Pressemeldungen
INVESTOR CONTACT
Louis Tonelli, Vice-President, Investor Relations
louis.tonelli@magna.com, 905-726-7035
MEDIA CONTACTS
Tracy Fuerst, Vice-President, Corporate Communications & PR
tracy.fuerst@magna.com, 248-761-7004
Rej Husetovic, Director Corporate Communications & Media Relations Europe
rej.husetovic@magna.com, (+49) 6093 9942-5056
Source: Magna International Inc.