In 2015, the global auto parts maker Magna experienced overall revenue declines, but the overall strength has steadily increased through a series of acquisitions and global layouts. The newly built factories in India, Mexico, and China through joint ventures have already begun With the scale, let's review together the Magna events in 2015.
Magna India's second plant puts on seat/chassis supply Ford
In December 2015, Magna International's two plants in Sanand, India, have been put into production. Parts such as seats and chassis are mainly supplied to Ford. Both factories are located near the Ford India plant, one of which produces a seat assembly with an annual seating capacity of 240,000 seats. Another factory produces bodywork and undercarriage systems, and will employ 400 people when it reaches full production capacity.
Magna 2015 major event inventory
Magna sets up seat joint venture in China
At the end of November 2015, Magna International and Chongqing Hongli Zhixin Automotive Parts Manufacturing Co., Ltd. announced the establishment of a 50:50 joint venture company to provide automotive entire chairs and components for Changan Ford and other customers in China. Through deep vertical integration and faster response, the joint venture company can better understand customer needs and market expectations and provide competitive products.
Magna Acquires Staco
In October 2015, Magna International announced that it had signed an agreement to acquire Stadco Motors Ltd. (Stadco), a UK-scale white-car supplier. Starco is a technology leader in the industry, supplying customers with steel and aluminum stamping products, and also providing vehicle assembly services for Jaguar Land Rover, Ford and General Motors.
Magna cooperates with Argos to solve internet car safety issues
In September 2015, Magna International and Argus Cyber ​​Security announced that they will cooperate to provide the automotive industry with a powerful in-vehicle network security solution to solve the rapidly growing market for vehicle connectivity In the issue of car security on cyber attacks. Argos uses embedded network security technology that can be pre-installed.
Antolin Completes Acquisition of Magna Interior Business
In September 2015, General Electric reported that Grupo Antolin of Spain announced that it had completed the acquisition of Magna International Inc.'s interior trim business. The transaction price was US$525 million. The contents of the automotive interior business of this transaction include: 36 production and manufacturing business units.
Magna's second-quarter revenue fell 9% net profit fell 5% year-on-year
In August 2015, General Electric reported that Canadian component supplier Magna International announced the financial report for the second quarter of this year. As the US dollar strengthened, more than 40% of Magna's operating income came from outside North America. The company's operating income and net profit declined. In the second quarter of this year, Magna’s overall operating income was US$8.133 billion.
Magna acquires 1.9 billion U.S. dollars to win the position of Gertrung
In July 2015, Magna International of Canada and Getrag of Germany signed an agreement, the former will acquire the latter for US$1.9 billion. According to the assessment, with a debt of 700 million euros and pension liabilities, the market value of Getrag is approximately 2.45 billion euros, and the final transaction price will depend on the working capital.
Magna Q1 revenue fell 2% Net profit climbed 18%
In May 2015, General Electric reported that Canadian component supplier Magna International announced the financial report for the first quarter of this year. Since the U.S. dollar was stronger, and more than half of Magna's operating income came from outside North America, it was The company’s revenue has fallen, but profits have continued to grow. In the first quarter of this year, Magna’s overall operating income.
Magna sets up joint venture with Chongqing Xingqiaorui
Around May 2015, Magna International and Chongqing Star Qiaorui reached a strategic cooperation agreement and will establish a joint venture company in China. Under the terms of the contract, Magna's Cars and Chassis Division, Casma International, will hold a 53% stake in the joint venture company, while Starry Ray will hold 47% of the shares. The transaction is still subject to government approval and is expected to be completed by the end of 2015 or early 2016.
Magna plans to spend $140 million to build a new factory in Mexico
In March 2015, Magna International issued an official statement that the company plans to spend US$135 million to build a factory in Queretaro, Mexico. The new plant covers an area of ​​285,000 square feet and is expected to open in the first quarter of 2016. After the operation, it will mainly produce injection molding and painting exterior components such as welcome pedals.
Magna acquires Philips Lite digital car unit
In February 2015, Magna International, a global automotive parts manufacturer, announced that it has acquired the head-up display and electronic components business units of Philips Digital Technology Co., Ltd. (PLDS) in Wetzlar, Germany. And the company's ultrasonic sensor business in Hsinchu, Taiwan. The transaction aims to strengthen Magna's electronic engineering capabilities in Europe.
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