10:52:03 EDT Thu 28 Mar 2024
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Magna International Inc
Symbol MG
Shares Issued 208,384,943
Close 2014-10-27 C$ 108.23
Market Cap C$ 22,553,502,381
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Magna International opens DexSys plant in Michigan

2014-10-28 12:59 ET - News Release

Mr. Grahame Burrow reports

MAGNA CELEBRATES GRAND OPENING OF EXTERIORS FACILITY IN MICHIGAN

Magna International Inc. has opened DexSys, a new greenfield facility in Delta township, Michigan, for the manufacturing of automotive exterior products. Company officials were joined by Michigan Governor Rick Snyder, U.S. Senator Debbie Stabenow, members of local government, and executives from General Motors to celebrate the occasion.

The 290,000-square-foot, state-of-the-art injection molding and robotic paint line facility will employ approximately 340 people at full production. The facility will produce front and rear fascias for several vehicles within the General Motors lineup, including the Cadillac ATS, GMC Acadia and Buick Enclave.

"On behalf of Magna, I want to thank Delta Township and the State of Michigan for their ongoing support and collaboration on this project," said Magna Exteriors president Grahame Burrow. "They have helped make it possible for us to come here and establish this world-class operation, and we are excited for the opportunity to support our customer General Motors from this new facility."

With the addition of DexSys, Magna now has 28 manufacturing operations and more than 10,000 employees in the state of Michigan.

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