Magna International subsidiary Cosma International is planning to open a new manufacturing plant in Phoenix, Arizona, US, to expand its manufacturing presence in the renewable energy market.
The new plant which will be named Cosma Power Systems, is expected to be ready for production in December 2011.
The new 166,000-sq ft plant will produce metal structures and roll-formed components and systems for the photovoltaic (PV), concentrated photovoltaic (CPV), and concentrated solar power (CSP) solar markets.
The company expects to create approximately 50-60 full-time new jobs at the new facility when the production starts.
Cosma International president Horst Prelog said the company is applying its 50-plus years of expertise to better serve the renewable energy industry.
"We have manufacturing know-how and program management expertise that is highly sought by other industries," Prelog said.
"This new facility reflects our commitment to leverage our capabilities in this industry while at the same time remaining a strong supplier partner to our automotive customers."
Cosma is a global metalforming supplier in the automotive industry, and has recently expanded into non-automotive markets.
