Magna Opens New Engineering Center in Shenyang

SHANGHAI, June 25, 2013 /PRNewswire/ -- Magna International Inc., today announced that its Magna Steyr operating unit continues to strengthen its worldwide network of engineering services by opening a new engineering center located in the Tiexi District of Shenyang, China. Magna Steyr, represented by Karl-Friedrich Stracke, President Fahrzeugtechnik & Engineering of Magna Steyr, was joined today in an opening ceremony by government officials.

(Photo: http://www.prnasia.com/sa/2013/06/25/20130625142343760228.html )

At full capacity, the new 1,050 square-meter Shenyang engineering center will accommodate more than 100 engineers. With this new location, Magna Steyr is able to assist automakers’ vehicle engineering projects with speed and efficiency.

Karl-Friedrich Stracke commented, “This new engineering center demonstrates the execution of our global growth strategy and is an important step to position Magna Steyr for further expansion with customers located in the northern part of China.”

Magna Steyr began its operations in China in 2004. In addition to today’s announcement, Magna Steyr’s footprint in China includes engineering locations in Shanghai, Wuhan, and Changchun. With nearly 500 employees, Magna Steyr is currently one of the leading automotive engineering service suppliers in the China market. Magna Steyr also has a plant in Changchun producing fuel tanks.

About Magna Steyr

More than 100 years of experience in automobile construction and its comprehensive range of services have turned Magna Steyr, a subsidiary of Magna International, into the world’s leading, brand-independent engineering and manufacturing partner for automobile makers. Our extensive range of services consists of the four areas of Engineering Services, Vehicle Contract Manufacturing, Roof Systems, and Fuel & Battery Systems. As a contract manufacturer, we have produced some 2.5 million vehicles in 22 models.

About Magna International

We are a leading global automotive supplier with 315 manufacturing operations and 87 product development, engineering, and sales centres in 29 countries. Our 121,000 employees are focused on delivering superior value to our customers through innovative processes and World Class Manufacturing. Our product capabilities include producing body, chassis, interior, exterior, seating, powertrain, electronic, vision, closure and roof systems, and modules, as well as complete vehicle engineering and contract manufacturing. Our common shares trade on the Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA). For further information about Magna, visit our website at www.magna.com.

SOURCE Magna International Inc.