Magna International to Invest $50 Million in Expansion

The Greenville Area Development Corporation (GADC)announced today that Magna International, a leading global automotive supplier, is expanding its S.C. manufacturing operations with a new exteriors facility in Matrix Park. The $50.8-million investment will go toward a new 165,000-square-foot exteriors facility at Matrix Park that is expected to create 153 jobs.

“The infrastructure, resources and support mechanisms designed to grow Greenville County’s automotive industry are operating as planned,” said GADC President and CEO Mark Farris. “Magna International has a solid business relationship with BMW. In our discussions they noted their desire to expand on this relationship, and we couldn’t be more pleased that Greenville will be right there to help them.”

Headquartered in Aurora, Ontario, Canada, Magna International operates facilities across the globe, employing approximately 124,000 employees worldwide. The company’s product capabilities include producing body, chassis, exterior, seating, powertrain, electronic, vision, closure and roof systems and modules, as well as complete vehicle engineering and contract manufacturing.

Magna’s Greenville County operations will support new business with BMW to supply exterior front and rear parts. The company plans to move into its newly constructed 165,000-square-foot facility in June, 2016. Those interested in joining the Magna team should visit the company’s careers page.

“Greenville County’s automotive economy continues to grow at a solid rate,” said Greenville County Council Chairman Dr. Bob Taylor. “Magna International’s commitment to its facility at Matrix Park is proof positive that future growth in this sector will continue for many years to come.”

“The success of companies like Magna International is reflective of Greenville County’s success,” said GADC Chairman Dick Wilkerson. “Organizations that want to participate in our growing automotive economy are buying in on what we have to offer. It’s great to see the results of all the effort that’s been put in by various stakeholders.”

The Coordinating Council for Economic Development has approved job development credits related to the project. “The County Administrator, Joe Kernell, and County Attorney, Mark Tollison, were instrumental in making this deal work,” continued Farris. “We appreciate their efforts and look forward to future opportunities to enlist their support.”