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Magna International Inc.

12:16 PM EST - Magna International Inc. : Has put a new twist on joining thermoplastic materials in order to help automakers cut weight and costs: torsional welding. The torsional welding process, developed by Magna for automotive applications at its exteriors plant in Liberec, Czech Republic, presents a new way to join plastics. It features a high-speed twisting motion that creates enough friction-based heat to join a plastic bracket to a thermoplastic fascia. The innovative technology achieves an approximate 10% weight reduction because it allows thinner materials to be joined, which in turn reduces material costs. Torsional welding is currently used to make the front fascia of the 2017 Skoda Octavia, and it has potential for other applications where materials of similar composition need to be joined. Magna International Inc. shares T.MG are trading down $0.83 at $70.07.