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Magna to Build New Paint Line in Slovenia to Support Graz Vehicle Production
Magna to Build New Paint Line in Slovenia to Support Graz Vehicle Production Canad...
About this update from Magna International Inc.
[{"type":"text","content":"\n\n\n\nMagna to Build New Paint Line in Slovenia to Support Graz Vehicle Production\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nSAILAUF, Germany, Oct. 17, 2017\n\n\n\n\nPaint shop to complement production at Magna Steyr in Graz\nFacility expected to begin operations in 2019\nRecruiting for approximately 400 new employees already under way\n\n\n\nSAILAUF, Germany, Oct. 17, 2017 /CNW/ - Due to a full book of business at its contract manufacturing facility in Graz, Austria, Magna will build a second paint shop 75 kilometers away in Maribor/Hoče, Slovenia. \n\n\n \n \n\n \nHigh demand for engineering and contract manufacturing by automakers such as BMW, Mercedes-Benz and Jaguar Land Rover has resulted in the Graz facility running at high capacity utilization. Magna Steyr currently manufactures the BMW 5 Series and the Mercedes-Benz G-Class, with the Jaguar E-PACE beginning to launch now and Jaguar I-PACE expected to launch early in 2018. Taking into account these and other upcoming programs, Magna Steyr is expected to contract manufacture approximately 200,000 vehicles per year by 2018. \n\nConstruction of the new facility begins today, with completion of the $100-million paint shop planned for late 2018 and operations expected to begin in 2019. The recruiting process for approximately 400 new employees has already started. \n\n\"The all-in-one competence in vehicle engineering and manufacturing puts Magna in a unique position in the global automotive supply industry, which we continuously push forward with new investments,\" said Günther Apfalter, President Magna International Europe & Magna Steyr. \"Furthermore we are proud to bring jobs and investment to this region.\"\n\nTAGSContract manufacturing, state-of-the-art technology, economic development Slovenia\n\nABOUT MAGNAWe are a leading global automotive supplier with 327 manufacturing operations and 100 product development, engineering and sales centres in 29 countries. We have over 161,000 employees focused on delivering superior value to our customers through innovative products...