AURORA, ON, Oct. 28, 2014 /PRNewswire/ - Magna International Inc. announced
today the grand opening of DexSys, a new greenfield facility in Delta
Township, Michigan, for the manufacture of automotive exterior
products. Company officials were joined by Michigan Governor Rick
Snyder, United States Senator Debbie Stabenow, members of local
government, and executives from General Motors to celebrate the
occasion.
(Photo: http://photos.prnewswire.com/prnh/20141028/154922)
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 line-up, 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.
About Magna International
We are a leading global automotive supplier with 317 manufacturing
operations and 83 product development, engineering and sales centres in
29 countries. We have over 130,000 employees focused on delivering
superior value to our customers through innovative products and
processes, and World Class Manufacturing. Our product capabilities
include producing body, chassis, interior, exterior, seating,
powertrain, electronic, vision, closure and roof systems and modules,
as well as complete vehicle engineering and contract manufacturing. Our
common shares trade on the Toronto Stock Exchange (MG) and the New York
Stock Exchange (MGA). For further information about Magna, visit our
website at www.magna.com.
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.
SOURCE Magna International Inc.