MAGNA
MAGNA
Magna is one of the world's largest suppliers in the automotive field and is also a travel technology company. It has 181,000 pioneering and innovative employees, distributed all over the world. Thanks to a reasonable operating structure, we are as enterprising as a startup. With years of technological accumulation and growth, we have been able to innovate in all fields of automobiles, design, develop and build a comprehensive product system, and continuously drive the development of travel technology in this rapidly iterative industry. The company's branches are spread all over the world, with 344 manufacturing plants and 104 product development, engineering and sales centers in 29 countries.
history
Magna was born in a garage. It started with a small-scale stamping product and continued to develop and aimed at thousands of miles of ambition.
By the end of the sixties, Magna had sold more than $4 million.
By the 1970s, the culture of decentralized management of Magna began to take shape, with sales reaching US$100 million, with an average annual growth of 38%.
In the 1980s, Magna accelerated its development and entered the field of automotive seats, and began to produce bumpers using reactive injection molding (RIM) technology. In just a decade, Magna's sales reached $1 billion, a nine-fold increase.
In the 1990s, Magna used hydraulic forming technology in the pipeline engineering industry to the automotive field, developed high-pressure processes for producing truck frames, and finally obtained a larger contract in the industry. At that time, Magna Na has never produced a pair of truck frames.
Also in the 1990s, Magna had the ability to manufacture vehicles, with sales exceeding US$9 billion, with an average annual growth of 22%.
Over the past two decades, Magna has achieved organic development through multiple key acquisitions, launched composite tailgate for the market, led the rearview camera industry, and accelerated the development of powertrain system business.
Today, Magna has become a company with annual sales of US$37 billion, and is one of the largest suppliers in the automotive field, with 181,000 employees.
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