As a result of business growth at its mirror manufacturing facility in Nove mesto nad Vahom, Slovakia, Magna has relocated to a larger facility. The company is investing $30 million USD to refurbish the building and install a new automated paint line. The expansion will create approximately 150 new jobs at the facility.
The new facility is approximately twice the size of the previous location. The move is complete and Magna is now serving customers from the new location, with the paint line expected to be operational in early 2019.
Established more than 20 years ago, Magna’s Slovakia mirrors plant, known locally as Slovteca, currently employs 630 people. Products made at the facility include exterior mirrors, prismatic and electrochromic interior mirrors, turn signals and puddle lights. Slovteca supplies approximately 20 different customers and ships to more than 80 locations worldwide. It was named a 2016 Best Place to Work in Slovakia.
“As our business in Europe continues to grow, we are making investments to deliver even greater levels of value and satisfaction to our customers,” said John O’Hara, president of Magna Mirrors. “To the Slovteca team I say congratulations for a strong record of performance and keep up the good work as you begin operations at your new location.”
In regard to O’Hara’s comment about Magna’s continued growth in Europe, Magna also recently announced the opening of a second paint shop in Slovenia.