AURORA, CANADA: Magna International Inc. announced that its Cosma International operating unit will strengthen its manufacturing presence in the renewable energy market by opening a manufacturing facility in Phoenix, Arizona. Cosma is a leading global metalforming supplier in the automotive industry, and has recently expanded into non-automotive markets.
The new facility, to be called Cosma Power Systems, is expected to be ready for production in December 2011. This 166,000-square-foot facility will produce metal structures and roll-formed components and systems for the photovoltaic (PV), concentrated photovoltaic (CPV), and concentrated solar power (CSP) solar markets. At the start of production, the company expects to create approximately 50-60 full-time new jobs.
"As a world-leading metalforming supplier, Cosma is applying its 50-plus years of expertise to better serve the renewable energy industry," said Horst Prelog, president of Cosma. "We have manufacturing know-how and program management expertise that is highly sought by other industries. 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."
"Arizona welcomes Cosma Power Systems," said Arizona Commerce Authority President and CEO Don Cardon. "Part of our state's job-growth strategy is to attract the US's Canadian neighbors given their close and important ties with Arizona. Cosma will utilize the state's Renewable Energy Tax Incentive Program to help bring high-quality jobs to our citizens."
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