# Magna PT builds new production hall in Kechnec, Slovakia

Magna PT launched construction of a new €10 million hall for transmission components at its plant in Kechnec, Slovakia. The expansion will add 40 jobs and is part of a total €220 million investment. Completion is expected in July 2021.

- Type: Expansion
- Announced: 2020-08-24
- Where: Kechnec near Košice, Slovakia
- Value: $260.0M (220.0M EUR)
- Jobs: 40
- Starts operating: Jul 2021
- Status: under construction
- Products: transmission components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Magna PT](https://endata.com/companies/49426.md)

## Sources

- [symsite.sk](https://www.symsite.sk/single-post/2020/08/24/magna-pt-is-investing-220m-in-kechnec), 2020-08-24: "Magna PT, a Canadian automotive supplier, launched the construction of a new €10m hall for the production of transmission components in its plant in Kechnec near Košice."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.