São Paulo, Brazil – Ontario-based auto parts manufacturer Magna International will expand its presence in Brazil through two of its operating units. The company said that the region is experiencing a time of rapid economic growth.Cosma International, a manufacturer of body and chassis systems, and Magna Seating, developer and manufacturer of seats and mechanisms, will establish manufacturing facilities in the area to meet new customer requirements.
Cosma’s new facility, scheduled to launch in early 2011, will produce stamped and welded assemblies for global automakers, while Magna Seating’s new plant, expected to open in 2012, will produce complete seats for a future General Motors program.
“The strategic decision to expand operations in South America is part of Magna’s long-term global strategy of developing our business in key growth markets,” said Scott Paradise, vice-president of marketing and business development for Magna International. “Our two new planned locations in São Paulo underscore our commitment to bring innovation and proven technology to locations around the world to support the needs of our global customers.”
In addition to the two new facilities, Magna Closures, which has been operating in Brazil for eleven years and is the leading door latch supplier in South America, will also increase the size of its São Paulo facility, having won additional business for door handles and window regulators. The company has added mirror capability to its product lineup and has recently been awarded new mirror business with global automakers in Brazil.