PROJECT INTELLIGENCE

Magna International

Expansion · Piedmont, SC · Automotive & Mobility · Announced 2024-12-04

Investment$200,000,000Announced capital

Jobs200Reported jobs

StatusAnnounced

VerificationStrongLast verified 2026-09-20

Sources & verification

Decision / announcement date: 2024-12-04
Date precision: day
Sector: Automotive & Mobility
Facility action: Expansion
Facility type: Manufacturing plant (new facility + expansion of adjacent existing facility)
Project status: Announced

Capital category: Committed
Capital scope: Multi-site program
Jobs classification: New/Direct
Jobs basis: Approximately 200 new jobs' per SC Commerce release, combined across both facilities.

$200M spans a new facility and an existing facility in Piedmont (multi-site program figure); ~200 jobs across both.

Not yet recorded · 4 fields

Project / facility · Transferred / retained jobs · Construction jobs · Statistical exclusion reason