Piedmont, South Carolina — According to state and local development sources, Magna International plans to invest $200 Million to build out 625,000 square feet of new space in Piedmont. The company is creating 200 new jobs at this facility. The company plans to occupy the new space at 923 Matrix Parkway in Piedmont, on or about April 1, 2025. According to the company website We have more than 159,000 entrepreneurial-minded employees dedicated to delivering mobility solutions. We are a mobility technology company and one of the worlds largest automotive suppliers with 347 manufacturing operations and 94 product development, engineering and sales centres in 27 countries. Our competitive capabilities include body exteriors and structures, power and vision technologies, seating systems and complete vehicle solutions. Our common shares trade on the Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA).

To learn more about Magna International, visit http://www.magna.com/

Company Contact:
Seetarama Kotagiri, Chief Executive Officer
seetarama.kotagiri@magna.com
https://www.linkedin.com/in/swamy-kotagiri-270b969/
248-631-1100

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