Home About us Products & Capabilities Customer & References Career News Parts & Service
      News

News:
Magna Powertrain Steps Up Activities and
Strengthens Relations with Asian Customers
Magna Powertrain Germany GmbH is Porsche's Supplier of the Year
more inside
Magna Powertrain's Head Office in America has moved
more inside
Pre-announcement 8. European All-Wheel Drive Congress
more inside
Magna Powertrain's Head Office will move
more inside
Magna Powertrain – a Perfect Combination of Experience, Expertise and Global Presences
more inside
Magna Powertrain Steps Up Activities and Strengthens Relations with Asian Customers
more inside
7th All-Wheel Drive Congress Graz
more inside
7th All-Wheel Drive Congress Graz, February 2 - 3, 2006
more inside
Greg Deveson to join Magna Powertrain as President North America
more inside
Dr Herbert Demel appointed President of
Magna International's global Powertrain Group
more inside
Magna announces new appointments
more inside
MAGNA Drivetrain: global market heights scaled with
all-wheel drive technology
more inside
Graz All-Wheel Drive Congress with record attendance
more inside
6th All-Wheel Drive Congress Graz: All-wheel drive between motor sports and hybrid drive
more inside
MAGNA Drivetrain supplies transfer cases for the new Land Rover Discovery III
more inside
Magna completes acquisition of New Venture Gear
more inside
Pre-announcement 6th All-Wheel Drive Congress Graz, February 3 - 4, 2005
more inside
Magna and DaimlerChrysler Corporation sign
agreement concerning New Venture Gear
more inside
All-wheel drive competence on two pillars: MAGNA Drivetrain and MAGNA STEYR
more inside

New Contract Awards
more inside

New all-wheel drive system improves active safety and dynamic handling
more inside

At present Magna Powertrain has four manufacturing facilities and three sales/engineering offices in Asia.
  • 2 manufacturing facilities in Korea (in the Seoul region)
  • 2 manufacturing facilities in China (in the Shanghai region; one currently under development)
  • 3 sales/engineering offices (Seoul, Tokyo and Shanghai)

Magna Powertrain will continue to consolidate its presence in Asia in order to serve the growing number of new customers in the region. These new business relations should also help to utilize capacity better at the European and North American plants, as we will also supply our customers’ automotive production facilities in Europe and America. The Group is aiming to increase annual sales with Asian customers to over €200m by 2008.

The number of local employees will also rise over this period from about 300 at present to over 600.

At the same time, we will build up and expand our supplier network in Asia. Not only will this strengthen our technological edge but also reap financial benefits.

Oberwaltersdorf, February 2, 2006

Enquiries:
Rudolf Ruck
Magna Powertrain
Industriestr. 35, 8502 Lannach Austria
Phone: +43 664 804443696
E-mail: rudolf.ruck@magnapowertrain.com