Magna wants to increase its sales outside the traditional markets

Magna International (TSX: MG) intends to increase its sales outside the traditional markets such as the North America and Western Europe, the manufacturer of parts for automobiles seeking in particular has at least double its sales in China by 2015.

The CEO of Magna, Don Walker, said at a conference of investors Wednesday that the Chinese market, which is already the largest in the world, continued to know a huge growth.

Company of Aurora, Ontario, opened two new plants in China in the past two years, and it intends to add four other facilities in the three years to come, has added the officer.

Mr. Walker noted, however, that Magna also increased its activities in South Africa, Russia and India _ other markets or growth should be faster than in North America and Western Europe.

Mr. Walker made the remarks after announcement that Magna had expected that sales increase this year to between U.S. $ 31.3 billion and U.S. $ 32.7 billion being provided for increases in all its activities.

These perspectives compare with forecast sales of U.S. $ 30.3 billion to U.S. $ 31.2 billion for 2012.

A Toronto Stock Exchange on Wednesday, shares of Magna International have a fence $ 52.14, up 96 cents compared to their previous closing price.