Magna International says it will plough more than US$16m into its Mirror Systems Monterrey plant in Mexico, as a result of new business.
The expansion will add an additional 55,000 square feet to the 80,000-square-foot facility and introduce an automated paint line, an assembly facility and a new injection moulding section.
Go deeper with GlobalData
The expansion is expected to also create around 60 new jobs to the current workforce of more than 620 employees.
“By expanding our facility and introducing an automated paint line, we are able to offer our customers more in terms of overall capability and product diversity,” said Magna Mirror Systems Monterrey general manager, Genaro Costilla.
“State and local government have been extremely supportive in our plans.”
Construction started last month and is expected to be completed around August, 2016.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataMagna Mirror Systems Monterrey manufactures and assembles mirror glass and complete exterior mirrors for automakers and is equipped with capabilities including glass bending, coating and cutting.
