Top 10 Companies in Canada 2016

Posted in Top Brand Lists, Total Reads: 2032

7. Magna International Inc.

Established in 1957, Magna International Inc. creates, fabricates, engineers, supplies, and offers automotive items and products.

Image: company website

The organization headquartered in Aurora, Canada and founded by Frank Stronach, and the company operates in various parts of North America, Asia, Europe and Rest of World. The organization offers automotive body frameworks, and related designing services; powertrain frameworks, for example, transmissions; seating frameworks including complete seating systems, seat structures and components, and froth and trim items.

It likewise gives lighting system frameworks containing inside and outside mirrors, headlamps and tail-lamp systems, actuators etc.

Magna International makes and covers pretty much everything expected to assemble an engine vehicle through its different auxiliaries, divisions and subsidiaries. Vehicle building and assembling is offered by Magna Steyr which is its biggest division. As far as trims, sounds systems, lighting, fixing systems, instrument and entryway boards are made by Magna's internal and external division. Body and chassis frameworks are made by Cosma International. Engine design and manufacturing including transaxles, transmission frameworks, and other motor parts are offered by Magna Powertrain. And Magna Mirrors makes manufactures and driver assistance items.

With 313 assembling and manufacturing operations and 88 product development and operation centres, Magna International is a global automotive component manufacturer and supplier. The company has presence in more than 29 nations through its sales centres.

Magna designs, assembles, manufactures and produces car parts that are principally supplied to General Motors, Tesla Motors, Volkswagen, Toyota, BMW, Chrysler LLC and Ford Motor Company, and Chrysler LLC.

Magna International Inc’s sales turnover in Canada was 32.2 Billion Canadian dollars in 2015. The company earned 2.01 Billion Canadian dollars profit. The company employs more than 125,000 employees with around 118,000 workers that ensure that the customer receives superior value through its world class manufacturing processes.

Revenues (in Bill C$)= 32.134

Profit (in Bill C$)= 2.013

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