The Canadian Magna Company Will Build a Plant in Hoče-Slivnica

The Canadian automotive company Magna International will build a paint plant in Slovenia. The Chief Executive Officer of the Magna Company Don Walker states that the new plant will provide job places for 400 people. The Prime Minister Miro Cerar and the Minister of Economy Zdravko Počivalšek officially confirm these words.

The new plant will be located in the industrial zone in Hoče-Slivnica. The Canadian web-site “The Globe and Mail” informs that the construction will start in the second quarter of this year, when the subsidiary of the Canadian Group Magna Steyr starts assembling BMW of the 5th series and Jaguar Land Rover.

So Far, the Plant Offers 400 New Jobs and Later, Perhaps, 3,000

The Prime Minister of Slovenia Miro Cerar says that the successful commissioning of the paint plant should be the first step for the further expansion of cooperation with Magna International. The Minister of Economy Zdravko Počivalšek, in turn, notes that “At the second phase, the project will involve 1,350 employees, and at the third phase—1,300 employees more. In general, the figure will reach about 3,000 new work places. Thus it is necessary to take into account the fact that each work position within the production environment is actually dependent on at least 3–4 people who will be part of the supply chain.”

The benefits of production transfer to Slovenia is the proximity to the Austrian Graz, where the Magna Steyr plant and engineering centre are located, as well as a good infrastructure. The future plant is also closely located to the highway, the railway and the airport.

According to the presented plan, in 2017 Magna will receive an income of 2.7–3 billion dollars from the vehicle assembly, and to 2019, this figure will increase to 6.6–7.1 billion. At the end of 2017, the total income will amount to 36–37.7 billion and until 2019, it is expected to grow up to 43.5–46.2 billion.