New site is Magna’s eighth location in Brampton
BRAMPTON, ON (February 15, 2023) – Magna International is expanding its already impressive footprint within the City of Brampton.
The company announced today it will be opening a 490,000 sq. ft. facility at 100 Ace Dr., a new, state-of-the art build by Panattoni Developments.
This investment by Magna, the largest of six investments announced today by the company, will create 560 new advanced manufacturing jobs in Brampton.
The City’s Economic Development team has worked tirelessly to offer a concierge service to remove red tape and expedite this investment, promoting it with site selectors and investors on a national and international scale.
Magna International will be manufacturing battery trays for electric vehicles at the site, bolstering the city’s world-class innovation and advanced manufacturing sectors. This builds on the City of Brampton’s ongoing support of our well-established automotive and parts manufacturing sector, including the Stellantis assembly plant, which will begin retooling and modernizing toward the company’s electric vehicle future at the end of 2024.
This investment further cements the company’s strong commitment to growth in the region, adding to the already impressive footprint of seven existing facilities, employing more than 2,000 people in Brampton.
Quotes
“There is so much momentum here in Brampton and this is further proof of that. The fact this facility will be focused on the burgeoning electric vehicle market only adds to that momentum and bolsters our City’s reputation as a leader in innovation and advanced manufacturing. As Magna makes new investments across Canada, we are excited that they are expanding for the long term here in Brampton by opening an eighth location in our City that will create 560 new manufacturing jobs.”
– Patrick Brown, Mayor, City of Brampton
“The City of Brampton’s manufacturing sector continues to solidify its position in the electric vehicle revolution by attracting new investment and growing our businesses in the automotive supply chain. With the electrification of the Brampton Stellantis assembly plant and Magna’s new facility to build battery component trays for electric vehicles, Brampton is the right place to invest in jobs of the future.”
– Gurpartap Singh Toor, Chair, Economic Development; Regional Councillor Wards 9 & 10
“The City of Brampton’s Economic Development team works tirelessly to attract this type of investment, reducing red-tape and creating partnerships to grow our economy and secure future growth. We are thrilled to continue our partnership with Magna International and congratulate the entire time on an incredible new facility that will create new opportunities and great jobs right here in our community.”
– Marlon Kallideen, Chief Administrative Officer, City of Brampton
“Magna’s roots in Ontario run deep, and we are excited about opening a new facility dedicated to a strategic electrification product. The Brampton facility, coupled with investment and growth in five existing Ontario facilities, allows Magna to keep up with customer demands across several product areas. We are excited to bring new business, more investment and additional jobs to Ontario.”
– Eric Wilds, Magna Chief Sales and Marketing Officer
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As one of the fastest-growing cities in Canada, Brampton is home to 700,000 people and 100,000 businesses. People are at the heart of everything we do. We are energized by our diverse communities, we attract investment, and we are embarking on a journey to lead technological and environmental innovation. We partner for progress to build a healthy city that is safe, sustainable, and successful. Visit brampton.ca to learn more.
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