BRAMPTON, ON – Magna International, a leading global automotive supplier, has announced a significant expansion of its operations in Brampton, Ontario. The investment will focus on advanced manufacturing capabilities, which will create 560 new jobs once the facility hits full production.
The decision to expand in Brampton underscores the region’s attractiveness as a hub for innovation and manufacturing. With its highly skilled workforce, strategic location, and supportive business environment, Brampton is an ideal location for companies looking to grow and succeed in the automotive industry.
Mayor Patrick Brown via a video tweet praised the work of Brampton’s Economic Development Department “removing red tape to expedite this investment”. Mayor Brown pointed out this expansion will focus on electric vehicle part manufacturing which will “directly address the need to decarbonize” which the City of Brampton committed to when they announced a deal with the Canada Infrastructure Bank (CIB) for $400 million to purchase 450 zero-emission buses over the next several years. The announcement from Mayor Patrick Brown is found here.
Magna International’s investment is part of its ongoing commitment to innovation and leadership in the automotive industry. The company is known for its expertise in vehicle design, engineering, and manufacturing, and is recognized as a key player in the global automotive supply chain.
Overall, this investment is a significant win for Brampton’s economy and its manufacturing sector. The creation of new job opportunities will provide a boost to the local community and contribute to the continued growth and success of the automotive industry in the region.
“This game-changing investment by Magna will create hundreds of new jobs across the province, while further strengthening Ontario’s end-to-end automotive supply chain. We’re creating the right conditions for businesses to succeed and continue to work around the clock to attract new investments that build a stronger economy.” says Vic Fedeli, Minister of Economic Development, Job Creation and Trade through a press release from the Province of Ontario found here.
To learn more about relocating or expanding your business to the City of Brampton, please connect with Invest Brampton.
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