Automotive giant Magna’s Slovenian plant to be relaunched in early 2022

The Slovenia Times | Sep 6, 2021 at 7:38 PM
  • Magna Steyr vice president Erwin Fandl and David Adam, director of the Slovenian Magna plant in Hoče, have informed representatives of the Slovenian government and local authorities that production in Hoče would be relaunched at the start of next year.
  • Magna committed to meet certain targets in exchange for a state incentive, including in terms of the number of employees, when it opened the plant in Slovenia, but these plans have been somewhat slowed down in the meantime due to the pandemic.
  • The Slovenian plant finished 2020 with a net profit of EUR 1.3 million, while it generated EUR 5.6 million in sales revenue in foreign markets and almost another EUR 14 million in other business revenue.