Magna International opens first stage of US$ 233 million plant in San Luis Potosi
Canadian auto supplier Magna International Inc., through its Cosma International subsidiary, last week it opened a new manufacturing plant in San Luis Potosi, adjacent to another Magna-Cosma facility named San Luis Metal Forming at the Logistik II industrial park. This is the first stage of a US$ 233 million investment the company has planned for San Luis Potosi over the next years.
Cosma businesses focus in body and chassis systems for global automakers. Though the company did not offer details about the companies it will supply products for, Alessandro Passera, Cosma Mexico executive vice president, said some of its most important customers worldwide are BMW and Mercedes-Benz.
Just last October, Gustavo Puente Orozco, head of the Economic Development Secretariat of San Luis Potosi, announced that an automotive company, whose name he couldn’t reveal and that already had operations in the state, would invest US$ 233 million and generate 2,050 new jobs in a period of two years.
Today it is known that this company is Magna International and that the project includes two expansions at the new facility in order to house three production units for the same number of manufacturing programs.
Cosma International produces a complete range of body-in-white solutions from the smallest stamping up to fully assembled body-in-white modules, such is the case for the parts it builds for the Ford Fusion’s at a facility in Hermosillo, Sonora. It also manufactures underneath body structures such as frame rails, floor pans, upper body pillars and body side systems.
Including the new site in San Luis Potosi, Magna operates 32 plants in Mexico, with 11 of those facilities, as well as one R&D center in Toluca, belonging to the company’s Body & Chassis division.
Except for its vehicle engineering and contract manufacturing division, every other business branch of Magna International has presence in Mexico. Overall the company’s workforce in Mexico currently totals more than 29,000 employees.