First cut of the spade for Canadian automotive supplier Magna Exteriors & Interiors in Regenstauf. Deputy Minister of Economic Affairs Pschierer underlines “important enrichment for the region”


The Canadian automotive supplier concern Magna builds a new plastic components production plant in Regenstauf, Upper Palatinate. At the official cut-of-the-spade ceremony last Friday, January 17, 2014, the Bavarian Vice Minister of Economic Affairs Mr. Franz Josef Pschierer welcomed Magna's commitment: “We are happy that Magna invests again in Bavaria. That a global player like Magna in the automotive sector is active here, underlines the importance and worldwide competitiveness of our region, a leading location in the automotive sector.” More than 160 employees who have been working in Wackersdorf until now will be transfered to the new plant. "I am also very happy to see that further jobs will be generated. The new site is a clear, forward-looking sign for Upper Palatinate and all of Bavaria," according to Mr. Pschierer.

Fort the company the immediate proximity to its clients is very important. Hereof Magna expects a high potential of growth for the future. “The location of Regenstauf is optimal for a ‚Just-in-time/Just-in-sequence‘ production, and therefore offers us the opportunity to increase efficiency”, says Albert Lidauer, president of Magna Exteriors & Interiors Europe. Magna invests in modern, sustainable and environmental friendly manufacturing facilities for highly efficient processes, a so-called ‚green factory‘. Production -of door lining and bumpers amongst others- should start in the Summer of 2014.

Magna group has more than 125.000 employees worldwide and supplies almost all automotive manufacturers. The core competences range from the development over to the production of pieces, components and modules for the automotive industry, as well as to the production of whole vehicles as a contract manufacturer.

Source: www.stmwi.bayern.de