Watch Live

Tweet TWEET

Magna Auto Parts Factory Explosion Puts 5 in Hospital

Magna International Inc. (MG), North America’s largest auto-parts maker, said an explosion at a Newmarket, Ontario, factory sent five employees to hospital.

The injuries are not life-threatening, Tracy Fuerst, a spokeswoman for the Aurora, Ontario-based firm said today by telephone.

“The investigators are on site,” Fuerst said.“When they’re done with their investigations we’ll be in communication.’

The explosion occurred at about 9:45 a.m. at Dortec Industries, a division which makes door modules, locks and other components for Magna, Fuerst said.

About 200 employees work at the factory, which was evacuated, she said. The company has no details on when it will re-open, Fuerst said.

Magna shares fell 0.8 percent to C$60.11 at 1.24 p.m. in Toronto.

To contact the reporter on this story: Eric Lam in Toronto at elam87@bloomberg.net

To contact the editor responsible for this story: David Scanlan at dscanlan@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.