Last C$135.88 CAD
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Company Description

Contact Info

337 Magna Drive

Aurora, ON L4G 7K1

Canada

Phone: 905-726-2462

Fax: 905-726-7164

Magna International Inc. operates as an automotive supplier worldwide. The company has 316 manufacturing operations and 84 product development, engineering, and sales centers in 29 countries. Products and Services The company’s product and service capabilities include interior systems, seating systems, closure systems, body and chassis systems, vision systems, exterior systems, powertrain systems, roof systems, electronic systems, and vehicle engineering and contract assembly. Interior Systems: The company designs, engineers, and manufactures interior components and systems for the global automotive industry, including commercial truck product markets. Seating Systems: The company develops and manufactures complete seating solutions and seat hardware systems for the global automotive industry. Its capabilities range from market and consumer research, full concept development, design and engineering, testing, and validation to manufacturing. Closure Systems: The company engineers and manufactures closure systems and modules for the global automotive industry. Body and Chassis Systems: The company provides metal body systems, components, assemblies, and modules, including vehicle frames, chassis systems, and body-in-white systems, as well as related engineering services, for the global automotive industry. Vision Systems: The company designs, engineers, and manufactures vision systems for the global automotive industry. Electronic Systems: The company designs, engineers, and manufactures electronic components and sub-systems for the global automotive industry. Exterior Systems: The company designs, engineers, and manufactures various exterior components and systems for the global automotive industry, including commercial truck product markets. Powertrain Systems: The company designs, engineers, and manufactures powertrain systems and components for the global automotive industry. The company conducts some of its powertrain operations through joint ventures, including a non-controlling, 50% voting (76.7% equity) partnership interest in the Litens Automotive Partnership (Litens), a partnership with certain members of its senior management. Litens is a major supplier of drive subsystems and components. Its product offerings include accessory drive systems and products, such as auto tensioners and idlers, overrunning alternator decoupler assemblies, Torqfiltr crankshaft vibration control technology, isolating crank pulley assemblies and clutched waterpump pulleys and assemblies; timing drive systems and products, such as belt and chain tensioners and idlers, SmartSprocket tuned sprockets and clutched waterpump pulleys and assemblies; and other specialty products, including vehicle start/stop subsystems. Litens has manufacturing operations in North America (Canada), Europe (Germany), Asia (China and India), and Rest of World (Brazil). Roof Systems: The company designs, engineers, and manufactures vehicle roof systems for the global automotive industry. Vehicle Engineering and Contract Assembly: The company provides components, systems and vehicle engineering and contract vehicle assembly services for the automotive industry. It is an assembler of complete vehicles, and an engineering and manufacturing partner. Tooling/Engineering/Other Systems: The company designs, engineers, and manufactures tooling for its own use, as well as for sale to its customers. Additionally, it provides engineering support services, independent of particular production programs on which it might have production sales. Customers North America: In 2013, the company’s primary customers included BMW, Daimler, Fiat/Chrysler, Ford, General Motors, Honda, Hyundai-Kia, Mazda, Renault-Nissan, Tata Motors, Tesla, Toyota, and Volkswagen. Europe: In 2013, the company’s primary customers included BMW, Daimler, Fiat/Chrysler, Ford, Geely, General Motors, Hyundai-Kia, PSA Peugeot Citroën, Renault-Nissan, Tata Motors, Toyota, and Volkswagen. Asia: In 2013, the company’s primary customers included BMW, Brilliance Auto, Chang’an Motors, Chery Automobile, Daimler, Fiat/Chrysler, First Automobile Works, Ford, Geely, General Motors, Honda, Hyundai-Kia, Isuzu Motors, PSA Peugeot Citroën, Renault-Nissan, Suzuki, Toyota, and Volkswagen. Rest of World: In 2013, the company’s primary customers included Daimler, Fiat/Chrysler, Ford, General Motors, Renault-Nissan, and Volkswagen. Acquisitions In 2013, the company acquired the remaining 49% interest of Textile Competence Centre Kft, a textile plant in Germany. Business Strategy The elements of the company’s strategy include the operational and growth priorities. The operational priorities underlying its business strategy include accelerated focus on innovation and technology; world class manufacturing; leadership development; and focusing on operational improvement. The growth priorities underlying its business strategy include organic growth and M&A; pursuing business on global vehicle platforms; focusing on growing markets; diversifying its automotive sales base; and creating long-term shareholder value. Significant Events In April 2014, Magna International Inc. announced that its Magna Powertrain (MPT) operating unit has placed a symbolic first stone at the site of a new manufacturing facility in Ramos Arizpe, Coahuila, Mexico. In May 2014, Magna International Inc. announced it is expanding its Mexican operation to produce all-wheel drive systems for Audi. In September 2014, Magna International Inc. announced the establishment of two new facilities in the Sanand region of the state of Gujarat, India. In September 2014, Tata AutoComp Systems and Magna International Inc. have signed a 50/50 Joint Venture agreement to provide seating systems to the Indian commercial vehicle industry. History Magna International Inc. was incorporated under the laws of the province of Ontario, Canada in 1961.

 

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