Magna expands powertrain business with new plant in Slovakia
August 24, 2020
Magna International Inc., Aurora, Canada, reports that it will expand its powertrain business with a new facility in Kechnec, Slovakia, which will be the first powertrain metal forming solutions plant for the company in Europe.
The company explains that the new plant expands Magna’s powertrain capabilities within the region and brings additional capabilities to its Kechnec site. The neighbouring transmission plant was opened fifteen years ago by Getrag, which Magna acquired in 2016 and currently makes transmissions for BMW Group.
Magna held a groundbreaking ceremony on August 21, 2020, where the construction of the 7,675 m2 (82,600 ft2) facility is expected to be completed in March 2021. The event was attended by local government officials and Magna executives. The new metal forming plant is expected to start production in August 2021, with a workforce of approximately fifty people and marks Magna’s fourth location in Slovakia.
Tom Rucker, president, Magna Powertrain, commented, “It is an exciting time in the automotive industry and for Magna, especially in our powertrain business. We stand ready with our products at the forefront of electrification and a portfolio that provides sustainable, innovative powertrain solutions for today and the future.”