Magna International Invests $29M in Fourth SC Plant
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Tyger River Industrial Park in Spartanburg County, S.C.
Spartanburg, S.C.—Magna International, a global automotive supplier, recently announced its intention to build a new seat manufacturing plant at Tyger River Industrial Park in Spartanburg County. The project will mark the firm’s fourth facility in South Carolina. Magna is expected to invest $29 million in the facility and create 480 new jobs over the next five years. As an incentive, the Coordinating Council for Economic Development has approved job development credits related to this project.
Located in the Tyger River Industrial Park, between I-26 and I-85 along Highway 290, Magna’s new 230,000-square-foot seating plant will feature dedicated assembly and sequencing lines to supply seats to BMW’s nearby facility. Magna currently has three manufacturing locations in South Carolina and employs roughly 1,450 people in the state…
