Mr. Grahame Burrow reports

MAGNA CELEBRATES GRAND OPENING OF EXTERIORS FACILITY IN MEXICO

Magna International Inc. has opened Magna Exteriors Queretaro, a newly constructed facility in Queretaro, Mexico, for manufacturing automotive exterior products. Company officials were joined by Queretaro Governor Francisco Dominguez Servien and other members of local, state and federal government to celebrate the occasion.

The 290,000-square-foot, state-of-the-art injection moulding and robotic paint line facility will employ approximately 600 people and will supply global automakers with moulded and painted parts such as fascias, bumpers and rocker panels.

"On behalf of Magna, I want to thank the City [of Queretaro] and State of Queretaro 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 first-class team and world-class operation, and we are excited for the opportunity to support our customers from this new facility."

Magna established its first Mexico facility in Puebla in 1991. Today, Magna has 30 manufacturing facilities, one engineering and product development centre, and almost 25,000 employees in Mexico.

We seek Safe Harbor.