Magna International announced that it will be investing more than $16 million to expand its Magna Mirror Systems Monterrey plant in Monterrey, Mexico, as a result of new mirror business.
The $16 million expansion will add an additional 55,000 square feet to the 80,000-square-foot facility and introduce an automated paint line, an assembly line and a new injection molding section. The expansion is expected to also create approximately 60 new jobs to the current workforce of more than 620 employees.
Construction started in August 2015 and is expected to be completed sometime in August 2016.
Magna Mirror Systems Monterrey manufactures and assembles mirror glass and complete exterior mirrors for automakers, and is equipped with various capabilities including glass bending, coating and cutting.
|Company Name||Magna International|
|Estimated Cost||$16 million|
|Jobs||60 New Jobs|