Press Release – Magna Celebrates Grand Opening of State-of-the-Art South Carolina Facility

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  • Production of high-tech exterior mirror systems for three different car manufacturers
  • Welcomed 255 employees, with the hope of growing to 400
  • Facility combines state-of-the-art manufacturing with modern workplace design

Click here for the PDF version of the press release

AURORA, Ontario, April 7, 2022 – Magna has officially opened the doors to its new facility in Duncan, South Carolina. Magna CEO Swamy Kotagiri and company officials were joined today by South Carolina Governor Henry McMaster and other members of local government to celebrate the grand opening. The new 170,000 square foot plant produces exterior mirror systems for customers including BMW, Mercedes and Volvo. Production started with around 255 employees, but is expected to grow to around 400 jobs over the next few years.

The launch of this facility demonstrates our commitment to providing our employees with modern equipment and our customers with world-class manufacturing,” said John O’Hara, President of Magna Mechatronics, Mirrors and Lighting. “With our highly skilled workforce, we are committed to providing feature-rich exterior mirror systems to our global customers.”

The factory’s current production volume is approximately 1.6 million mirrors per year and will add the launch of the Exfinity™ mirror to its production portfolio by early 2023, which will be a first-to-market technology. in North America.

“Magna continues to grow its footprint in South Carolina, and today’s grand opening of its brand new facility is further proof that South Carolina is an ideal place for businesses to achieve lasting success,” said the Governor Henry McMaster. “Magna is an exemplary partner to our state and our workforce, and we congratulate them on this new, state-of-the-art operation.”

Durability was a key objective when designing the facility. Energy optimization and control systems have been implemented to minimize overall consumption and help reduce the carbon footprint. The facility also has several employee-centric features and modern amenities, including a wellness room, fitness center, canteen with adjacent patio and playground, vegetable garden, and pathway. solar-powered walkway. A dedicated truck entrance also exists for added security, and clerestory windows to maximize natural light in the working environment.

This new installation marks the 6th installation in South Carolina for Magna. Those interested in joining a world-class team and company, please click here.

KEY WORDS
Exterior mirrors, South Carolina, Exfinity mirror

INVESTOR CONTACT
Louis Tonelli, Vice President, Investor Relations
[email protected], 905.726.7035

MEDIA CONTACT
Tracy Fuerst, Vice President, Corporate Communications and Public Relations
[email protected], 248.761.7004

ABOUT MAGNA
Magna is more than one of the world’s largest automotive suppliers. We are a mobility technology company with a global team of 158,000 entrepreneurial-minded employees and an organizational structure designed to innovate like a startup. With over 60 years of expertise and a systems approach to design, engineering and manufacturing that touches nearly every aspect of the vehicle, we are well positioned to support the advancement of mobility in an industry in full swing. transformation. Our global network includes 343 manufacturing sites and 91 product development, engineering and sales centers in 28 countries.

For more information about Magna (NYSE: MGA; TSX: MG), please visit www.magna.com or follow us on Twitter @MagnaInt.

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THIS RELEASE MAY CONTAIN STATEMENTS THAT CONSTITUTE “FORWARD-LOOKING STATEMENTS” UNDER APPLICABLE SECURITIES LAW AND ARE SUBJECT TO AND EXPRESSLY QUALIFIED BY THE DISCLAIMERS SET FORTH IN MAGNA’S REGULATORY DOCUMENTS. PLEASE REFER TO MAGNA’S MOST RECENT MANAGEMENT’S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION, ANNUAL INFORMATION FORM AND ANNUAL REPORT ON FORM 40-F, AS SUPERSEDED OR UPDATED BY ONE OF MAGNA’S SUBSEQUENT REGULATORY FILINGS, WHICH SET OUT DISCLAIMERS, INCLUDING RISK FACTORS THAT COULD CAUSE ACTUAL EVENTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THESE FORWARD-LOOKING STATEMENTS. THESE DOCUMENTS CAN BE REVIEWED ON THE MAGNA WEBSITE AT WWW.MAGNA.COM.

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