Major auto parts builder to establish presence in Mesa
(The Center Square) – The Canadian automotive parts builder Magna International will be setting up shop in Mesa, Arizona.
The company will be constructing a 230,000 square foot facility in the East Valley city that’s expected to be responsible for hundreds of jobs, according to the Arizona Commerce Authority. The Center Square reached out to the ACA for more information regarding the exact size of the “multi-million-dollar investment” as well as any applicable tax incentives, but it did not respond in time for publication.
“Magna’s decision to locate its new manufacturing facility in Mesa demonstrates Arizona’s attractiveness for the automotive industry,” Sandra Watson, president and CEO of the Arizona Commerce Authority, said in a statement. “We are so grateful for Magna’s commitment to Arizona and look forward to supporting their growth as part of our thriving mobility ecosystem.”
The Phoenix Metropolitan Area is considered one of the country’s top hubs for manufacturing, as many companies have been incentivized by tax benefits, funding, as well as the generally positive business climate in the state. Other auto industry companies, like Lucid Motors in Casa Grande, have established a presence in the Grand Canyon State.
“The collaboration we have already experienced with the local community has been exceptional,” Eric Wilds, Magna Chief Sales and Marketing Officer said regarding the work done with both the state government and the city of Mesa. “With a diverse and rich talent base, we are able to meet our commitment to drive innovation and deliver value to our customers.”
