Magna Powertrain begins work on new manufacturing facility in China
October 26, 2011
Magna Powertrain, an operating unit of Magna International Inc., USA, is continuing its expansion in China with the construction of a new green-field manufacturing facility in the Tianjin Airport Economic Area. Magna Powertrain executives were joined in a ground-breaking ceremony by Tianjin government officials as well as executives from Volkswagen AG and Magna International China.
Volkswagen’s most recent purchase order to Magna Powertrain to produce rear axle drives and power take-off units for locally assembled VW and Audi models in China marks the starting point of an investment of some $68 million (USD). The new facility will be approximately 13,500 square meters and could employ as many as 400 people at full production. Assembly of the first units is anticipated to commence in 2012.
“As our customers expand their manufacturing footprints around the world, we will be there to support them with world-class design, engineering and manufacturing,” stated Jake Hirsch, President, Magna Powertrain. “The Municipal Government of Tianjin and the Tianjin Airport Economic Area has provided us with the opportunity to set up our new facility in a location which can serve both current and future automotive customers, and we look forward to a long and prosperous relationship with Volkswagen and other organizations in this region.”
Magna Powertrain established its first China operation in 2005. Since then Magna Powertrain has grown to three locations in China, including sales and engineering centres in Shanghai and Changzhou and a manufacturing facility in Changzhou.
Edited by: Paul Whittaker, Editor ipmd.net, [email protected]
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