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Magna Holding AG#

Magna Holding AG, Austrian holding company of the international automotive parts supplier Magna International Inc., of Toronto, Canada, successor to Multimatic Investments Ltd., a company formed by F. (see) Stronach in Toronto in 1957, with a staff of more than 54,000 worldwide (1999); the European headquarters of the group (Magna Europa) has been located at Oberwaltersdorf, Lower Austria, since 1987. Magna Holding operates production facilities at Ebergassing (Magna Eybl GmbH, Lower Austria), and at Weiz, Krottendorf, Grambach and Albersdorf-Prebuch (all in Styria). (see) Steyr-Daimler-Puch AG and (see) Steyr-Daimler-Puch Fahrzeugtechnik AG & Co. KG have been members of the group since 1998. Sales in 1998 totalled approx. ATS 20 billion. In the same year, the number of persons on the Austrian company's payroll was 7900.

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