Magna is investing greater than $470 million to increase its operations throughout Ontario, Canada. The expansion features a new battery enclosures facility in Brampton to assist the Ford F-150 Lightning and future OEM packages.
Along with the Brampton facility, Magna is rising in its areas in Guelph, Belleville, Newmarket, Windsor, and Penetanguishene. These expansions observe new enterprise awards from numerous automakers in key product areas. They’re additionally supported by $23.6 million in grants from the Ontario authorities to convey further high-quality jobs to the area with ongoing coaching and improvement packages for workers.
The brand new and expanded operations are anticipated to convey greater than 1,000 new jobs to Ontario over the following few years.
“Magna’s roots in Ontario run deep, and we’re enthusiastic about opening a brand new facility devoted to a strategic electrification product. The Brampton facility, coupled with funding and progress in 5 present Ontario services, permits Magna to maintain up with buyer calls for throughout a number of product areas,” stated Eric Wilds, Magna Chief Gross sales and Advertising Officer. “We’re excited to convey new enterprise, extra funding and extra jobs to Ontario.”
Particulars of the brand new and increasing services embrace:
- Brampton: A brand new 490,000 square-foot leased facility to fabricate battery enclosures for electrical automobiles. Operations to start in Q2 2023, roughly 560 new jobs are anticipated at full manufacturing.
- Guelph: Magna is including e-coat, molding and welding capability to its exteriors plant to assist new electrical car manufacturing. The enlargement will whole 120,000 square-feet, and manufacturing is deliberate to start in Q2 2023. Roughly 175 new jobs are anticipated.
- Belleville: Magna’s lighting plant is including to its capabilities for printed circuit board assemblies and can begin operations in This autumn 2023. As much as 100 new jobs are anticipated.
- Newmarket: Magna’s mechatronics facility which produces car entry techniques together with facet door latches, digital management models, and energy techniques – is rising its enterprise and expects roughly 75 new jobs.
- Windsor: Magna’s mechatronics plant provides new enterprise for powered aluminum tonneau covers. The power has lately began these operations and is planning so as to add roughly 110 new jobs.
- Penetanguishene: Magna’s mechatronics facility is rising its tailgate hinges manufacturing and greater than 15 new jobs are deliberate.
“This funding represents one other super present of confidence within the rising energy and resilience of our province’s auto sector,” stated Premier Doug Ford. “Collectively, with our trade companions, we’re placing Ontario again on the map as we construct up Ontario’s electrical car provide chain from mining to manufacturing. The automobiles of the longer term and the batteries that energy them will likely be constructed proper right here in Ontario, by Ontario staff.”
“This game-changing funding by Magna will create a whole lot of recent jobs throughout the province, whereas additional strengthening Ontario’s end-to-end automotive provide chain,” stated Vic Fedeli, Minister of Financial Improvement, Job Creation and Commerce. “We’re creating the best situations for companies to succeed and proceed to work across the clock to draw new investments that construct a stronger financial system.”
“Magna’s choice to increase in six areas throughout the province showcases Ontario’s benefits in automotive expertise,” stated Trevor Dauphinee, CEO of Make investments Ontario. “By diversifying automotive elements manufacturing throughout the province, Magna’s investments will strengthen EV provide chains in Ontario.”
