Good news for recession-battered St. Thomas

Formet Industries, St. Thomas

Magna International (MGa.TO) said on Monday that it has won a contract to make the third generation of frames for General Motors Co’s [GM.UL] full-size light-duty pickups and sport utility vehicles.

Magna said it would not disclose the amount of the contract. It said the new frames would replace GM’s GMT 900, which is the frame for the big Chevy Suburbans, Tahoes, and Silvarados.

The frames will be built at plants owned by Magna’s Cosma unit in St. Thomas, Ontario, and Saltillo, Mexico, which currently make the GMT 900.

Closed Sterling plant could be going green


Former Sterling Truck plant in St. Thomas

A deal is in the works to turn the closed-down Sterling Truck plant in St. Thomas into a green energy manufacturer, the area’s MP says.

A national Canadian manufacturer has signed a memorandum of agreement to share technology with another industry that develops green energy platforms, including solar energy, with the intention to manufacture at the St. Thomas plant, MP Joe Preston (PC — Elgin-Middlesex-London) said yesterday.

“We are not at the point where we can say it will happen,” Preston cautioned. “But memorandums of agreements have been signed. There is interest out there. It feels good. We have to start sharing any good news, anything that is positive.”

The new manufacturer has “elements of many different types of green energy,” but solar panel production is a big part of it, he said.

It’s back to work for 600 Magna employees in St. Thomas

Formet Industries, St. Thomas

Formet Industries, St. Thomas

From the Times-Journal
Six hundred workers at Formet and Presstran were back on the job Monday, returning after a three-month temporary layoff.
Magna International, which owns both St. Thomas facilities, recalled 500 employees at Formet and 100 at Presstran.
While a spokesperson was not immediately available, last month the company said the start up would coincide with the return of production at GM, big customers for both Formet and Presstran.
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725 to be idled at Formet St. Thomas

Magna International Inc. said Monday it will lay off 725 workers at its Formet Industries plant in St. Thomas, Ont.

Canada’s largest auto supplier blamed the layoffs, which it said are temporary, on a customer temporarily shutting down a full sized truck plant.
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