Magna is expanding its powertrain business with a new facility in Kechnec, Slovakia, the first powertrain metal-forming solutions plant for the company in Europe.
Magna held a groundbreaking ceremony with construction of the 7,675-square-metre (82,600-square-foot) facility expected to be complete in March, 2021.
The new plant expands Magna’s powertrain capabilities within the region and brings additional capabilities to its Kechnec campus.
The neighbouring transmission plant was opened 15 years ago by Getrag, which Magna acquired in 2016 and currently makes transmissions for BMW Group. Magna adds its long-standing relationship with the local community and education system will help ensure a pipeline of skilled employees for its Kechnec operations.
“It is an exciting time in the automotive industry and for Magna, especially in our powertrain business,” said Magna Powertrain president, Tom Rucker.
“We stand ready with our products at the forefront of electrification and a portfolio that provides sustainable, innovative powertrain solutions for today and the future.”
The new metal-forming plant is expected to start production in August, 2021, with a workforce of around 50 people and marks Magna’s fourth location in Slovakia.