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Magna shapes the future of high-volume carbon fiber composites



        Magna shapes the future of high-volume carbon fiber composites

PR Newswire

PARIS, March 12, 2013

Strategic partnership, proprietary production capability help set the pace

PARIS, March 12, 2013 /PRNewswire/ - Magna International Inc. announced that
its Magna Exteriors and Interiors (MEI) operating unit, together with
strategic development partner Zoltek, offers best-in-class capabilities in
providing carbon fiber composite parts and systems for high-volume automotive
applications to support automakers' lightweighting initiatives.

MEI and Zoltek, the worldwide leading producer of commercial carbon fiber,
have developed a low-cost carbon fiber sheet molding compound (SMC) through an
exclusive global partnership. The jointly developed carbon fiber SMC material
uses Zoltek's Panex® 35 commercial carbon fiber combined with Magna's unique
EpicBlendSMC™ formulations and production expertise.

The material, named EpicBlendSMC EB CFS-Z, is part of MEI's EpicBlendSMC
product line and allows Magna to offer global manufacturers an expanded range
of lightweight parts, sub-systems and semi-structural applications for
automotive as well as commercial truck and other markets. Additionally, the EB
CFS-Z sheet molding compound is for sale directly to molders through MEI.

MEI has recently won new business for a semi-structural component based on its
EB CFS-Z SMC technology. Furthermore, one of Magna's SMC compounding
facilities has installed proprietary SMC production equipment that is
optimized to compound Zoltek's Panex® 35 carbon fiber. Together, MEI and
Zoltek have extensive core manufacturing capabilities to serve customers in
both North America and Europe, minimizing the cost and need to import carbon
fiber or precursor materials into these markets.

"We are working with global OEMs every day to develop lightweight solutions
that help meet the increased fuel economy and decreased emissions of future
vehicle programs," said Mike Andrews, VP of Operations, Magna Exteriors and
Interiors. "With our EB CFS-Z SMC technology, we are now meeting the
requirements for high-volume applications that call for low-cost,
high-performance carbon fiber materials."

About Magna Exteriors and Interiors

Magna Exteriors and Interiors Corp. (www.magna.com), an operating unit of
Magna International Inc., is a full-service global supplier of automotive
exterior and interior systems. We design, engineer and manufacture front- and
rear-end fascia systems; exterior trim; class A composite panels; top systems;
under hood and underbody components; structural components; sidewall and trim
systems; cockpit systems; cargo management systems; and overhead systems for
automotive, commercial truck, consumer, and industrial markets.

About Magna International

We are a leading global automotive supplier with 313 manufacturing operations
and 88 product development, engineering and sales centres in 29 countries. Our
119,000 employees are focused on delivering superior value to our customers
through innovative processes and World Class Manufacturing. Our product
capabilities include producing body, chassis, interiors, exteriors, seating,
powertrain, electronics, mirrors, closures 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.

THIS RELEASE MAY CONTAIN STATEMENTS WHICH CONSTITUTE "FORWARD-LOOKING
STATEMENTS" UNDER APPLICABLE SECURITIES LEGISLATION AND ARE SUBJECT TO, AND
EXPRESSLY QUALIFIED BY, THE CAUTIONARY DISCLAIMERS THAT ARE SET OUT IN MAGNA'S
REGULATORY FILINGS.  PLEASE REFER TO MAGNA'S MOST CURRENT MANAGEMENT'S
DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL POSITION,
ANNUAL INFORMATION FORM AND ANNUAL REPORT ON FORM 40-F, AS REPLACED OR UPDATED
BY ANY OF MAGNA'S SUBSEQUENT REGULATORY FILINGS, WHICH SET OUT THE CAUTIONARY
DISCLAIMERS, INCLUDING THE RISK FACTORS THAT COULD CAUSE ACTUAL EVENTS TO
DIFFER MATERIALLY FROM THOSE INDICATED BY SUCH FORWARD-LOOKING STATEMENTS.
THESE DOCUMENTS ARE AVAILABLE FOR REVIEW ON MAGNA'S WEBSITE AT WWW.MAGNA.COM.

 

SOURCE Magna International Inc.

Contact:

Tracy Fuerst
Director, Corporate Communications & Media Relations
248-729-2731
tracy.fuerst@magna.com
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