Magna Exteriors and Interiors expands in China
Magna Exteriors and Interiors, an operating unit of Magna International Inc., announced today that it has expanded its footprint in China by forming a joint venture to purchase an existing injection molding and painting facility located in Wuhu, a city in the Anhui province of southeastern China.
Chinese manufacturing expanded slightly in March following a painful months-long decline that wiped out millions of jobs as the global financial crisis battered exports, a business group said Friday.