Magna International Invests $29M in Fourth SC Plant
- Dec 08, 2016
Spartanburg, S.C.—Magna International, a global automotive supplier, recently announced its intention to build a new seat manufacturing plant at Tyger River Industrial Park in Spartanburg County. The project will mark the firm’s fourth facility in South Carolina. Magna is expected to invest $29 million in the facility and create 480 new jobs over the next five years. As an incentive, the Coordinating Council for Economic Development has approved job development credits related to this project.
Located in the Tyger River Industrial Park, between I-26 and I-85 along Highway 290, Magna’s new 230,000-square-foot seating plant will feature dedicated assembly and sequencing lines to supply seats to BMW’s nearby facility. Magna currently has three manufacturing locations in South Carolina and employs roughly 1,450 people in the state.
“This is a new chapter in the ongoing collaboration between Magna and BMW, as it’s our first seating business award with this valued global customer. With this investment and job creation, we are extremely pleased to join the growing automotive industry in South Carolina,” said Mike Bisson, president of Magna Seating, in prepared remarks.
Headquartered in Ontario, Canada, the company’s product capabilities include producing parts of the automobile, such as the body, chassis, exterior, seating, powertrain, electronic, vision, closure and roof systems and modules.
Magna International’s new facility is expected to be completed by June 2017.
Image via Montgomery Development Group Youtube channel