The new headquarters officially opened March 23.

The site in the south of the country comes with a larger office space and a 54,000-square-metre warehouse.

Accoding to Magna Tyres, its previous main office was no longer sufficient to serve its global customer base.

Magna officials also said the ability to maintain a larger stock in the warehouse would allow for greater availability and faster deliveries.

"More than anything, this move represents our continued commitment to serving our clients," the company said.