Magna Continues Growth, Adding 224 Jobs in Lancaster

URLhttps://www.jobsohio.com/news-press/magna-continue
SourceJobs Ohio
Date Published05/23/2022
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Magna International
Parent companyMagna International, Inc.
Type of work Manufacturing
If manufacturing, is the company an OEM? Yes
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):224
What product(s) and/or service(s) were outsourced domestically?Manufacturing
Year reshoring announced:2022
Domestically, the work will be done:In-house
Capital investment ($):5.9777
Country(ies) from which reshored:Canada
City reshored to:Lancaster
State(s) reshored to:OH
If relevant, work nearshored to:-
Industry(ies):Fabricated Metal Products
Product(s) reshoredmetal seat structures
What non-domestic negative factors made offshoring less attractive?Supply chain interruption risk/Natural disaster risk/Political instability
What domestic positive factors made reshoring more attractive?Lead time/Time to market, Skilled workforce availability/training, Under-utilized capacity
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