Magna International
Korean Hanon Systems Buys the Magna Powertrain Plant in Plovdiv as Part of Huge Deal
South Korean Hanon Systems will acquire car components maker Magna Powertrain Plovdiv. The Bulgarian company is sold under a deal for 10 factories of Canadian Magna International, totaling 1.23 billion dollars, reported Capital. The sale is expected to be completed in the first quarter of 2019, after obtaining the necessary regulatory approvals.
Debate on Magna investment points to unresolved issues
The debate, organised by the regional daily Večer featured both advocates, including Economy Minister Zdravko Počivalšek and Magna Steyr representative Wolfgang Zitz, and opponents of the planned paintshop by the Austrian subsidiary of the Canadian giant.
New Magna Seating plant opens in Odzaci
ODZACI - A new plant of Canadian car seat cover maker Magna Seating officially started operation in Odzaci, NW Serbia, on Thursday.
The 10,000 sq m plant has 1,200 employees.
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New Magna Seating plant opens in northwestern town
A new plant of Canadian car seat cover maker Magna Seating officially started operation in Odzaci, a town in northwestern Serbia.
The 10,000 sq meter plant that was opened on Thursday has 1,200 employees, Tanjug reported.
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