Magna has recently disclosed its plan to invest over $470 million in expanding its operations throughout Ontario, Canada.
When it comes to automotive production, the automaker’s factories themselves tend to get a lot of the attention. Every automaker has a few large, well-known factories that produce the majority of their vehicles. While these factories are essential for producing cars and trucks efficiently, what goes on in them would not be possible without the thousands of smaller suppliers and service providers working behind the scenes.
Today, we’re going to share some exciting news about Magna, one of these important automotive suppliers. The company hasits plan to invest over $470 million in expanding its operations throughout Ontario, Canada. This expansion includes the establishment of a new battery enclosures facility in Brampton that will cater to the Ford F-150 Lightning and other upcoming OEM programs.
Magna’s lighting plant in Belleville is also expanding its capabilities for printed circuit board assemblies and plans to start operations in Q4 2023. This expansion effort is expected to create up to 100 new job opportunities. “This game-changing investment by Magna will create hundreds of new jobs across the province, while further strengthening Ontario’s end-to-end automotive supply chain,” said Vic Fedeli, Minister of Economic Development, Job Creation and Trade. “We’re creating the right conditions for businesses to succeed and continue to work around the clock to attract new investments that build a stronger economy.
Magna’s contributions to Ford include the development of lightweight materials, advanced safety systems, electrification technology, and more. Additionally, Magna has provided engineering support and manufacturing expertise to Ford on various projects.
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