EMCC European Monitoring Centre on Change

Magna

Company/Organisation:
Magna

Geographic Location

Country: France
Region: Moselle; Lorraine; Est
Location of affected unit(s): Moselle East

Company

Sector: Manufacturing
Manufacture of transport equipment
29.3 - Manufacture of parts and accessories for motor vehicles
Group: Magna

Employment Effects

Announcement Date: 02-02-2004
Type of Restructuring: Business expansion
Employment Effect Start: 01-06-2005
Foreseen End Date: 01-01-2009
Planned Job Creation: 350

Additional Information

Magna, the Canadian manufacturer of parts for cars, will invest 90 million euros and create 350 jobs in Moselle East (France). The factory should start production in 1.5 years and be fully staffed within 5 years. The bilingualism (French – German) of the region is a sure asset; 11 car manufacturing plants are located in the region.