Magna creates 300 new UK manufacturing jobs

Magna will create almost 300 jobs at the plant, which is estimated to be one of the biggest in the country measuring 225,000ft². Construction of the facility is planned to begin later in the year, with the first parts being produced in 2018.

Magna’s subsidiary Cosma International will take ownership of the project, and will be distinct from Stadco, a metal pressings specialist Cosma took over last year.

John Farrell, president of Cosma International commented: “We are excited to work closely with Jaguar Land Rover in the development of this project which will bring the most advanced structural casting technologies to the UK. As lightweighting continues to be a key technology driver, we are uniquely positioned to help automakers achieve optimal weight savings throughout the vehicle architecture.”

Councillor Shaun Davies, Telford & Wrekin Council’s cabinet member for business, hailed the announcement as an “extremely significant” day for the borough of Telford and Wrekin.

He said: “Magna’s announcement today represents a hugely significant multi-million pound investment which demonstrates that Telford & Wrekin Council’s drive to attract new business and jobs is realising spectacular results. This major development will see the creation of 295 skilled local jobs when the plant is at full capacity. The investment will also support many more jobs in the local supply chain."

Magna International www.magna.com