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Wednesday, July 18, 2018

Linamar Corporation 2017 Q4 - Results - Earnings Call Slides ...
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Linamar Corporation is a publicly traded Canadian manufacturing company which operates worldwide. It is Canada's second-largest automobile parts manufacturer (after Magna International). Linamar manufactures and supplies automotive and industrial markets with factories across North America, Europe, and Asia. Linamar has two divisions, Powertrain/Driveline and Industrial. These are further divided into the areas of machining and assembly, light metal casting (Montupet), forging (Seissenschmidt), aerial work platforms (Skyjack), and agricultural equipment (Harvestec).

Based in Guelph, Ontario, The company's various operations employ nearly 26,000 persons worldwide in a total of 59 manufacturing plants, 6 R&D centres and 21 sales offices in 17 countries, most located in North America and South America. Total sales in 2016 were $6 billion.


Video Linamar



History

Linamar was founded in 1966 by the Hungarian refugee Ferenc (Frank) Hasenfratz who escaped from his country during the Russian crackdown precipitated by the Hungarian Revolution of 1956. He had attended technical schools in Hungary and had been employed as a toolmaker. According to Forbes, he started the small operation in his basement in 1964 in Ariss, Ontario. The company, with a staff of five, was incorporated in 1966 as Linamar Machine Limited, named after his two daughters, Linda and Nancy and his late wife Margaret. Linamar's first major contract was to manufacture automotive oil pumps for Ford.

Hasenfratz is now the Chairman while the current CEO is Linda Hasenfratz; the company is headquartered in Guelph, Ontario.

Linamar is a major factor in the economy of Southern Ontario, Canada. As a result, the federal government agreed to provide $50.7 million in a repayable loan to Linamar through its Automotive Innovation Fund and the province pledged up to $50.25 million in a one-time grant in January 2015. That funding, plus an internal investment of $400 million (by the company) was intended for expansion that was expected to create 1,200 jobs in Guelph, Ontario by 2025. (Over 8000 people were employed by Linamar in that city at the time.)

An early 2018 announcement indicated that the company would receive additional funding from the federal and provincial governments, up to $101 million, for expansion that would create 1500 additional job and maintain 8,000 others. CEO Linda Hasenfratz who is one of the members of the federal NAFTA advisory panel, told the news media that the funding would enable the expansion of its parts for conventional, hybrid, battery electric and fuel cell electric vehicles. At that time, the company employed 9,000 individuals in Canada, most in Guelph. The number of manufacturing plants in Ontario totalled, with all but one in Guelph. "We plan to continue to invest in this evolving factory of the future in many different ways with a focus on areas such as vision systems, collaborative advanced robotics, incorporating sensors into our products, and collecting that data to help us improve product design," she added. A federal government press release indicated that some of the funding would support artificial intelligence, three-dimensional printing and clean technology. The provincial government's release stated that the funding would enable the company to build next-generation transmissions and drive trains, high-efficiency engine parts and develop technologies for electric and connected vehicles and would also help create an innovation centre for R&D on artificial intelligence, machine learning, collaborative robotics and other technology. The company planned up to $500 million over the long term investing in high-tech programs such as artificial intelligence.


Maps Linamar



World presence

Canada

The corporate office is located in Guelph, Ontario, Canada.

Guelph, Ontario

  • Autocom Mfg.
  • Camcor Mfg.
  • Camtac Mfg.
  • Cemtol Mfg.
  • Comtech Mfg.
  • Corvex Mfg.
  • Eston Mfg.
  • Hastech Mfg.
  • Linergy Mfg. Inc.
  • Linamar Gear
  • Linamar Transportation Inc.
  • Linamar Performance Centre (LPC)
  • Linex Mfg.
  • LPP Mfg.Inc.
  • PowerCor Mfg.
  • Quadrad Mfg.
  • Roctel Mfg.
  • Skyjack Inc, Plants 1 and 2
  • Spinic Mfg.
  • The Frank Hasenfratz Centre of Excellence in Manufacturing {The Centre}
  • Transgear Mfg.
  • Traxle Mfg.
  • Vehcom Mfg.
  • Webstercor Mfg.

Windsor, Ontario

  • Exkor Manufacturing

United States

Arizona

  • Skyjack Mfg. S.W.

Illinois

  • Skyjack Product Support

Kentucky

  • Eagle Manufacturing CO. L.L.C.

Michigan

  • Linamar Sales Corp.
  • Linamar U.S.A. INC.
  • McLaren Performance Technologies INC. (McLaren Engineering)

North Carolina

  • Linamar North Carolina (Pisgah & Mitchell locations)
  • Linamar Forgings Carolina, Inc. (LFC)

Mexico

  • Engicom Saltillo, Coahuila
  • Industrias de Linamar S.A. de C.V. Gomez Palacio, Durango
  • Linamar de Mexico S.A. de C.V. Saltillo, Coahuila
  • Linamar Driveline Systems Nuevo Laredo, Tamaulipas
  • Montiac SA de CV, Torreon, Coahuila

Bulgaria

  • Montupet EOOD, Ruse, Ruse

France

  • Linamar Saint-Chamond, Saint-Chamond, Rhone-Alpes
  • Linamar Montfaucon Transmission, Montfacon, Auvergne
  • Montupet SA, Clichy
  • Montupet SA Laigneville, Laigneville
  • Montupet SA Châteauroux, Châteauroux

Germany

  • Linamar Antriebstechnik GmbH (LAT), Crimmitschau, Saxony
  • Linamar Powertrain GmbH (LPT), Crimmitschau, Saxony
  • Linamar Valvetrain GmbH (LVT), Thale-Warnstedt, Saxony
  • Linamar Development Center GmbH (LDC), Crimmitschau, Saxony
  • Seissenschmidt GmbH, Plettenberg, Nordrhein-Westfalen
  • Seissenschmidt Components Processing KG, Plettenberg, Nordrhein-Westfalen
  • Seissenschmidt Heat Treatment KG, Halver, Nordrhein-Westfalen
  • LINAMAR SEISSENSCHMIDT Hildburghausen GmbH + Co. KG, Hildburghausen, Thuringia

Hungary

  • Linamar Products Division (LPD), Orosháza, Békés
  • OROS Division (OROS), Orosháza, Békés
  • Precision Parts Manufacturing (PPM), Békéscsaba, Békés
  • Seissenschmidt Precision Components Kft., Gyöngyös, Heves

Spain

  • Aluminio y Aleaciones, S.A., Zaragosa, Aragon

United Kingdom

  • Montupet UK Ltd., Belfast, Northern Ireland

China

  • Linamar Automotive Systems (WUXI) Co. Ltd., Wuxi, Jiangsu
  • Linamar Automotive Systems (WUXI 2), Wuxi, Jiangsu
  • Linamar Tianjin Co. Ltd. (LTJ), Tianjin, Tianjin
  • Linamar Asia-Pacific Group (China) Sales Office, Shanghai, Shanghai

India

  • Linamar India Private Ltd (LIP), Pune, Maharashtra
  • Jaya Hind Montupet Private Ltd, Pune, Maharashtra
  • Jaya Hind Montupet Private Ltd, Dewas, Madhya Pradesh

Japan

  • Linamar Japan Sales Office, Tokyo

South Korea

  • Linamar Automotive Systems Korea Ltd., Ansan-City, Kyunggi

Linamar - Wikipedia
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References

Source of article : Wikipedia