UPDATE 1-Magna to set up $100 mln stamping plant in Mexico


* Facility to employ about 700 people at full capacity * Launch of plant scheduled for June 2012 * Shares up 4 pct Jan 27 (Reuters) - Auto-parts maker Magna International said on Thursday it will invest $100 million to set up a plant to produce stamped and welded assemblies in Mexico to expand its presence in the country. The facility, which will be set up in San Luis Potosi, is expected to be about 300,000 square feet and employ about 700 people at full capacity. It will be a ...

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