Cosma International and Shin Young Metal Announce Hyundai Russia Award

Aurora, Canada (ots/PRNewswire) -

- Joint Venture Provides Global Support for Korean Automaker

Cosma International, an operating unit of Magna International Inc.
and a leading global automotive metalforming supplier, and its
joint-venture partner Shin Young Metal Ind. Co., a Korea-based
automotive supplier, today announced a major new-business award from
Hyundai Motor Corporation.

Cosma and Shin Young Metal will supply major stampings and welded
assemblies to Hyundai's new assembly plant in St. Petersburg, Russia,
which, is expected to be operational in 2010. Cosma and Shin Young
Metal will supply Hyundai from a greenfield manufacturing facility
to be built in close proximity to the Hyundai assembly plant.

Jim Tobin, Magna International's Executive Vice President of
Business Development and President of Magna Asia, said, "This new
business with Hyundai shows the joint venture between Cosma and Shin
Young Metal effectively supports the global expansion of our OEM
partners. We look forward to supporting the growth of Hyundai and
the Russian automotive market through our combined global footprint
and expertise."

"Shin Young Metal and Cosma are excited about this tremendous
opportunity and are committed to providing best-in-class support to
Hyundai," commented Mr. Ho Gap Kang, CEO of Shin Young Metal.

About Shin Young Metal

Shin Young Metal was established 30 years ago and has become a key
player in the Korean automotive industry. Shin Young and its related
companies are involved in stamping and assembly, tool and die design,
construction, try-out, and production and assembly of automotive
components.

About Cosma

Cosma International (http://www.cosma.com), an operating unit of
Magna

International, manufactures a comprehensive range of metal body
systems, components, assemblies and modules including complete
vehicle frames, chassis systems and body-in-white systems using a
variety of innovative processes including hydroforming, stamping and
roll forming. Cosma has 37 manufacturing facilities and 12 product
development and engineering centers worldwide.

About Magna International

Magna is the most diversified automotive supplier in the world.
Magna designs, develops and manufactures automotive systems,
assemblies, modules and components, and engineers and assembles
complete vehicles, primarily for sale to original equipment
manufacturers of cars and light trucks in North America, Europe,
Asia, South America and Africa. Magna's capabilities include the
design, engineering, testing and manufacture of automotive interior
systems; seating systems; closure systems; metal body and chassis
systems; vision systems; electronic systems; exterior systems;
powertrain systems; roof systems; as well as complete vehicle
engineering and assembly.

Magna has approximately 83,000 employees in 240 manufacturing
operations and 62 product development and engineering centers in 23
countries.

Rückfragehinweis:
For further information: Cosma International: Tracy Fuerst, Director,
Corporate Communications, Tel: +1-248-729-2731, Email:
[email protected]/

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