Magna’s multi-million pound factory to act as "a gateway for further investment"
MAGNA INTERNATIONAL’S multi-million pound investment in an aluminium castings factory to meet the demands of the region’s automotive industry has been welcomed.
The Canadian giant is to build a 225,000 sq ft facility at T54 in Telford, which will create nearly 300 jobs when it is operating at full capacity.
Telford & Wrekin Council expects Magna’s move to the automotive and advanced manufacturing park will act as “a gateway for further investment” at the site.
It said that, once built, the site will be the second-largest automotive development in the West Midlands, after the Jaguar Land Rover complex at i54.
Cllr Shaun Davies, Telford & Wrekin Council’s cabinet member for business, said: “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.
“It also demonstrates the value of our strengthening links with the West Midlands and its world wide reputation for advanced manufacturing. With the T54 site just 12 miles from Jaguar Land Rover’s i54 complex, we are seeing significant levels and enquiries and we are confident more market leaders from the automotive supplies sector will be investing in Telford.”
Subject to receiving planning permission, construction is expected to start this autumn and production to begin in 2018.
