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{{Short description|Canadian manufacturing company}}
{{More citations needed|date=September 2009}}
{{More citations needed|date=September 2009}}
{{Infobox company
{{Infobox company
| name = Linamar Corporation
| name = Linamar Corporation
| logo = Linamar corp logo.svg
| logo = [[File:Linamar corp logo.svg|200px]]
| type = [[Public company|Public]]
| logo_size = 200px
| traded_as = {{Unbulleted list|[[Toronto Stock Exchange|TSX]]: [[LNR]]|[[S&P/TSX Composite Index|S&P/TSX Composite Component]]}}
| type = [[Public company|Public]]|
| industry = Automotive, Manufacturing
| traded_as = {{TSX|LNR}} <br /> [[S&P/TSX Composite Index|S&P/TSX Composite Component]]
| foundation = August 17, 1966 by Frank Hasenfratz as Linamar Machine Limited in [[Ariss, Ontario]]
| founded = {{Start date and age|1966|08|17}} in [[Ariss, Ontario]]
| location = [[Guelph]], [[Ontario]], Canada
| founder = [[Frank Hasenfratz]]
| headquarters = [[Guelph]], [[Ontario]], Canada
| key_people = [[Frank Hasenfratz]] - [[Organizational founder|Founder]] <br /> [[Linda Hasenfratz]] - [[Chief Executive Officer|CEO]] & [[Chairman of the Board|Chairman]]
| key_people = {{Unbulleted list|[[Frank Hasenfratz]] - [[Organizational founder|Founder]]|[[Linda Hasenfratz]] - [[Chief Executive Officer|CEO]] & [[Chairman of the Board|Chairman]]}}
| industry = Automotive, Manufacturing of high precision machined and assembled components
| num_employees = 27,000 worldwide (2019)<ref name="auto">{{cite web|url=https://www.linamar.com/es/about?lms=section1#vision-linamar|title = About &#124; Linamar}}</ref>
| num_employees = 28,600 (2023)<ref name="annual_report_2023" />
| revenue = {{increase}} CAD$9.35 billion (2023)<ref name="annual_report_2023" />
| homepage = [http://www.linamar.com/ www.linamar.com]
| operating_income = {{increase}} CAD$887.3 million (2023)<ref name="annual_report_2023" />
| net_income = {{increase}} CAD$628.5 million (2023)<ref name="annual_report_2023" />
| assets = CAD$8.76 billion (2023)<ref name="annual_report_2023" />
| equity = CAD$4.57 billion (2023)<ref name="annual_report_2023" />
| website = {{URL|www.linamar.com}}
}}
}}
[[File:Linamar corp tac 001.jpg|thumb|Linamar corporate headquarters]]
{{Written like an advertisement|date=September 2022}}{{wikinews|Workers at Swansea auto parts plant vote to strike}}
'''Linamar Corporation''' ('''TSX: LNR''') is a manufacturing company serving the mobility, access, agriculture, and MedTech industries.<ref>{{Cite news |last=Leeder |first=David |date=2023-02-01 |title=Wednesday's analyst upgrades and downgrades |language=en-CA |work=The Globe and Mail |url=https://www.theglobeandmail.com/investing/markets/inside-the-market/article-wednesdays-analyst-upgrades-and-downgrades-for-feb-1/ |access-date=2023-02-27}}</ref><ref>{{Cite web |title=Our Company |url=https://www.linamar.com/our-company/ |access-date=2023-02-27 |website=Linamar |language=en-US}}</ref> The company has three operating segments: Industrial, Mobility, and eLIN.


The company has several groups. The eLIN Product Solutions Group specialises in electrification, while McLaren Engineering provides design, development, and testing services. Linamar MedTech, the company's medical group, focuses on manufacturing medical devices and precision medical components. Linamar has 26,550 employees in 65 manufacturing locations, 14 R&D centres, and 28 sales offices in 17 countries in North and South America, Europe, and Asia, which generated sales of $6.5 billion in 2021. It is Canada's second-largest [[automobile]] parts [[manufacturer]] (after [[Magna International]]). Based in [[Guelph]], [[Ontario]], the company's various operations employ more than 29,000 people worldwide in a total of 60 manufacturing plants, 8 R&D centres, and 25 sales offices in 17 countries located in North and South America, Europe, and Asia. Total sales in 2018 were $7.6 billion.<ref>https://www.linamar.com/sites/default/files/press/Q1%202019%20Press%20Release.pdf {{Bare URL PDF|date=March 2022}}</ref>
[[Image:Linamar corp tac 001.jpg|thumb|Linamar corporate headquarters]]{{Written like an advertisement|date=September 2022}}{{wikinews|Workers at Swansea auto parts plant vote to strike}}
Linamar Corporation (TSX:LNR) is a manufacturing company. The company is composed of two operating segments: the Industrial segment and the Mobility segment. The Industrial segment includes Skyjack, MacDon, and Salford, which manufacture aerial work platform equipment, agricultural harvesting equipment, and farm tillage and crop fertilizer applicator equipment, respectively. The Mobility segment is further divided into three regional groups: North America, Europe, and Asia Pacific. These groups focus on producing components and systems for both traditional and electrified vehicles, including powertrains, body and chassis, driveline, engine, and transmission systems. The recently formed eLIN Product Solutions Group specializes in electrification, while McLaren Engineering provides design, development, and testing services. Linamar MedTech, the company's medical group, focuses on medical devices and precision medical components. Linamar has 26,550 employees in 65 manufacturing locations, 14 R&D centres and 28 sales offices in 17 countries in North and South America, Europe and Asia, which generated sales of $6.5 billion in 2021. It is Canada's second-largest [[automobile]] parts [[manufacturer]] (after [[Magna International]]. Based in [[Guelph]], [[Ontario]], the company's various operations employ more than 29,000 persons worldwide in a total of 60 manufacturing plants, 8 R&D centers and 25 sales offices in 17 countries located in North and South America, Europe and Asia. Total sales in 2018 were $7.6 billion.<ref>https://www.linamar.com/sites/default/files/press/Q1%202019%20Press%20Release.pdf {{Bare URL PDF|date=March 2022}}</ref>


==History==
==History==
Linamar was founded in 1966 by the [[Hungarian people|Hungarian]] refugee Ferenc<ref>{{cite web|url=http://hunhirado.hu/?r=33&c=1063|title=Hunhíradó|publisher=}}</ref> (Frank) Hasenfratz<ref>{{cite web|url=https://www.therecord.com/news-story/2613682-an-excerpt-from-driven-to-succeed/|title=An excerpt from Driven to Succeed|date=20 October 2012|publisher=}}</ref> 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<ref>{{cite web|url=https://www.forbes.com/profile/frank-hasenfratz-1/|title=Frank Hasenfratz|website=[[Forbes]]|publisher=}}</ref> in [[Guelph/Eramosa, Ontario|Ariss]], [[Ontario]].<ref>http://www.linamar.com/sites/default/files/press/pr_-_2007_6_26_-_manufacturing_hall_of_fame.pdf {{Bare URL PDF|date=March 2022}}</ref> The company, with a staff of five, was incorporated in 1966 as Linamar Machine Limited, named after his two daughters, ''Li''nda and ''Na''ncy and his late wife ''Mar''garet.<ref>{{cite web|last=Taormina|first=Barbara|url=http://www.businessreviewusa.com/reports/linamar-corporation|title=Linamar Corporation - The Sum of All Its Parts|publisher=Business Review USA|accessdate=December 29, 2013|archive-url=https://web.archive.org/web/20131230235814/http://www.businessreviewusa.com/reports/linamar-corporation|archive-date=December 30, 2013|url-status=dead}}</ref> Linamar's first major contract was to manufacture automotive oil pumps for Ford.<ref>{{cite web|url=http://www.encyclopedia.com/books/politics-and-business-magazines/linamar-corporation|title=Linamar Corporation - Dictionary definition of Linamar Corporation - Encyclopedia.com: FREE online dictionary|website=www.encyclopedia.com}}</ref>
Linamar was founded in 1966 by the [[Hungarian people|Hungarian]] refugee Ferenc<ref>{{cite web |title=Hunhíradó |url=http://hunhirado.hu/?r=33&c=1063 |publisher=}}</ref> (Frank) Hasenfratz,<ref>{{cite web |date=20 October 2012 |title=An excerpt from Driven to Succeed |url=https://www.therecord.com/news-story/2613682-an-excerpt-from-driven-to-succeed/ |publisher=}}</ref> 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<ref>{{cite web |title=Frank Hasenfratz |url=https://www.forbes.com/profile/frank-hasenfratz-1/ |website=[[Forbes]] |publisher=}}</ref> in [[Guelph/Eramosa, Ontario|Ariss]], [[Ontario]].<ref>http://www.linamar.com/sites/default/files/press/pr_-_2007_6_26_-_manufacturing_hall_of_fame.pdf {{Bare URL PDF|date=March 2022}}</ref> The company, with a staff of five, was incorporated in 1966 as Linamar Machine Limited, named after his two daughters, ''Li''nda and ''Nancy, who were born'' in [[Guelph, Ontario]].<ref>{{cite news |date=February 8, 2013 |title=Linamar looks to triple sales by 2020 |url=http://www.thespec.com/news-story/2269677-linamar-looks-to-triple-sales-by-2020 |newspaper=[[The Hamilton Spectator]]}}</ref>


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 8,000 people were employed by Linamar in that city at the time.)<ref>{{cite web |author=<!--Staff writer(s); no by-line.--> |date=January 12, 2015 |title=Guelph's Linamar plant gets funding to help create 1,200 jobs |url=http://www.cbc.ca/news/canada/kitchener-waterloo/guelph-s-linamar-plant-gets-funding-to-help-create-1-200-jobs-1.2897588 |access-date=January 25, 2017 |website=CBC News |publisher=CBC}}</ref>
Hasenfratz (1935&ndash;2022) was the Chairman while the current CEO is Linda Hasenfratz; the company is headquartered in [[Guelph, Ontario]].<ref>{{cite web|url=http://www.thespec.com/news-story/2269677-linamar-looks-to-triple-sales-by-2020|title=Linamar looks to triple sales by 2020|publisher=[[The Hamilton Spectator]]|date=February 8, 2013}}</ref>


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 jobs and maintain 8,000 others.<ref name="auto12">{{cite news |last=Wingrove |first=Josh |date=15 January 2018 |title=Linamar to launch $750-million expansion with help from Ottawa, Ontario |newspaper=Toronto Star |publisher= |url=https://www.thestar.com/business/2018/01/15/linamar-to-launch-750-million-expansion-with-help-from-ottawa-ontario.html}}</ref><ref name="auto22">{{cite web |last=Seto |first=Chris |date=15 January 2018 |title=Guelph's Linamar to receive $99 million from feds, province |url=https://www.guelphmercury.com/news-story/8072818-guelph-s-linamar-to-receive-99-million-from-feds-province/?s=n1 |publisher=}}</ref> CEO Linda Hasenfratz, who is one of the members of the federal NAFTA advisory panel,<ref name="auto12" /> told the news media that the funding would enable the expansion of its parts for conventional, hybrid, battery electric and fuel cell electric vehicles.<ref>{{cite web |last=Seto |first=Chris |date=15 January 2018 |title=Federal government, Ontario invest $100M to support Linamar auto parts maker |url=https://www.therecord.com/news-story/8074013-federal-government-ontario-invest-100m-to-support-linamar-auto-parts-maker/ |publisher=}}</ref> At that time, the company employed 9,000 individuals in Canada, mostly in Guelph. The number of manufacturing plants in Ontario totaled 23, with all but one in Guelph.<ref name="auto22" /> "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.<ref>{{cite news |last1=Siekierska |first1=Alicja |date=15 January 2018 |title=Linamar investment seen as 'vote of confidence' amid NAFTA uncertainty |newspaper=Financial Post |publisher= |url=http://business.financialpost.com/transportation/linamar-investment-seen-as-vote-of-confidence-amid-nafta-uncertainty}}</ref> A federal government press release indicated that some of the funding would support artificial intelligence, three-dimensional printing and [[clean technology]].<ref name="auto12" /> The provincial government's release stated that the funding would enable the company to build next-generation transmissions and drivetrains, high-efficiency engine parts and develop technologies for electric and connected vehicles. It would also help create an innovation centre for R&D on artificial intelligence, machine learning, collaborative robotics and other technology.<ref>{{cite web |last=Blatchford |first=Andy |date=15 January 2018 |title=Feds, Ontario invest $100M to support Linamar auto parts maker |url=https://www.ctvnews.ca/business/feds-ontario-invest-100m-to-support-linamar-auto-parts-maker-1.3759692 |publisher=}}</ref> The company planned to invest up to $500 million over the long term in high-tech programmes such as artificial intelligence.<ref>{{Cite web |date=15 January 2018 |title=Linamar to spend up to $500M on AI, electric and connected vehicles |url=http://canada.autonews.com/article/20180115/CANADA/180119816/linamar-to-spend-up-to-$500m-on-ai-electric-and-connected-vehicles}}</ref>
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.)<ref>{{cite web |url=http://www.cbc.ca/news/canada/kitchener-waterloo/guelph-s-linamar-plant-gets-funding-to-help-create-1-200-jobs-1.2897588 |title=Guelph's Linamar plant gets funding to help create 1,200 jobs |author=<!--Staff writer(s); no by-line.--> |date=January 12, 2015 |website=CBC News |publisher=CBC |access-date=January 25, 2017}}</ref>


In September 2023, Linamar acquired the propulsion-agnostic business from Mobex for $70 million.<ref>{{Cite web |last= |first= |title=Linamar to Acquire Propulsion-Agnostic Business from Mobex |url=https://www.newswire.ca/news-releases/linamar-to-acquire-propulsion-agnostic-business-from-mobex-895260110.html |access-date=2023-09-22 |website=www.newswire.ca |language=en}}</ref>
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 jobs and maintain 8,000 others.<ref name="auto1">{{cite news|url=https://www.thestar.com/business/2018/01/15/linamar-to-launch-750-million-expansion-with-help-from-ottawa-ontario.html|title=Linamar to launch $750-million expansion with help from Ottawa, Ontario|first=Josh|last=Wingrove|date=15 January 2018|publisher=|newspaper=Toronto Star}}</ref><ref name="auto2">{{cite web|url=https://www.guelphmercury.com/news-story/8072818-guelph-s-linamar-to-receive-99-million-from-feds-province/?s=n1|title=Guelph's Linamar to receive $99 million from feds, province|first=Chris|last=Seto|date=15 January 2018|publisher=}}</ref> CEO Linda Hasenfratz who is one of the members of the federal NAFTA advisory panel,<ref name="auto1"/> told the news media that the funding would enable the expansion of its parts for conventional, hybrid, battery electric and fuel cell electric vehicles.<ref>{{cite web|url=https://www.therecord.com/news-story/8074013-federal-government-ontario-invest-100m-to-support-linamar-auto-parts-maker/|title=Federal government, Ontario invest $100M to support Linamar auto parts maker|first=Chris|last=Seto|date=15 January 2018|publisher=}}</ref> At that time, the company employed 9,000 individuals in Canada, most in Guelph.<ref name="auto"/> The number of manufacturing plants in Ontario totaled, with all but one in Guelph.<ref name="auto2"/> "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.<ref>{{cite news|url=http://business.financialpost.com/transportation/linamar-investment-seen-as-vote-of-confidence-amid-nafta-uncertainty|title=Linamar investment seen as 'vote of confidence' amid NAFTA uncertainty|newspaper=Financial Post|date=15 January 2018|publisher=|last1=Siekierska|first1=Alicja}}</ref> A federal government press release indicated that some of the funding would support artificial intelligence, three-dimensional printing and [[clean technology]].<ref name="auto1"/> 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.<ref>{{cite web|url=https://www.ctvnews.ca/business/feds-ontario-invest-100m-to-support-linamar-auto-parts-maker-1.3759692|title=Feds, Ontario invest $100M to support Linamar auto parts maker|first=Andy|last=Blatchford|date=15 January 2018|publisher=}}</ref> The company planned up to $500 million over the long term investing in high-tech programs such as artificial intelligence.<ref>{{Cite web|url=http://canada.autonews.com/article/20180115/CANADA/180119816/linamar-to-spend-up-to-$500m-on-ai-electric-and-connected-vehicles|title = Linamar to spend up to $500M on AI, electric and connected vehicles|date = 15 January 2018}}</ref>


On December 21, 2023, Linamar agreed to purchase [[Saskatchewan]]'s Bourgault Industries, a family-based agricultural equipment manufacturer, for $640 million.<ref>{{Cite web |date=2023-12-20 |title=Linamar to buy agriculture equipment manufacturer Bourgault Industries in $640M deal |url=https://ca.finance.yahoo.com/news/linamar-buy-agriculture-equipment-manufacturer-223027268.html |access-date=2023-12-22 |website=Yahoo Finance |language=en-CA}}</ref>
== World presence ==


== World presence ==
=== [[Canada]] ===
=== [[Canada]] ===
The corporate office is located in Guelph, Ontario, Canada.
The corporate office is located in Guelph, Ontario, Canada.- 1999

==== [[Ariss, Ontario]] ====
* Ariss Mfg., 1966


==== [[Guelph, Ontario]] ====
==== [[Guelph, Ontario]] ====
*Autocom Mfg.
* Autocom Mfg., 1995
*Camcor Mfg.
* Camcor Mfg., 2005
*Camtac Mfg.
* Camtac Mfg., 2003
*Cemtol Mfg.
* Cemtol Mfg., 1991
*Comtech Mfg.
* Comtech Mfg., 1993
*Corvex Mfg.
* Corvex Mfg., 1997
* Diversa Cast- 1996 (closed)
*Eston Mfg.
* Eston Mfg., 1999
*Hastech Mfg Plant 1 and Plant 2
* Emtol Mfg., 1986
*Inovation Hub (iHub)
* Hastech Mfg., 1985, Plant 1 and Plant 2
*Linergy Mfg. Inc.
* Innovation Hub (iHub)
*Linamar Gear
* Linergy Mfg. Inc.
*Linamar Transportation Inc.
*Linamar Performance Centre (LPC)
* Linamar Gear
* Linamar Transportation Inc., 1999
*Linex Mfg.
* Linamar Performance Centre (LPC)
*LPP Mfg.Inc.
*PowerCor Mfg.
* Linex Mfg., 1981
*Quadrad Mfg.
* LPP Mfg. Inc., 1998
*Roctel Mfg.
* PowerCor Mfg.
* Quadrad Mfg., 1990
*Skyjack Inc, Plants 1 and 2
*Spinic Mfg.
* Roctel Mfg., 1987
* Skyjack Inc, Plants 1 and 2
*The Frank Hasenfratz Centre of Excellence in Manufacturing {The Centre}
*Transgear Mfg.
* Spinic Mfg., 1985
* The Frank Hasenfratz Centre of Excellence in Manufacturing {The Centre}
*Traxle Mfg.
*Vehcom Mfg.
* Transgear Mfg., 1987
* Traxle Mfg., 1990
* Vehcom Mfg., 1996
* Western Combine Co., 1989 Mfg. (closed)


==== [[Windsor, Ontario]] ====
==== [[Windsor, Ontario]] ====

*Exkor Manufacturing
* * Exkor Mfg., 2001


==== [[Winnipeg, Manitoba]] ====
==== [[Winnipeg, Manitoba]] ====

* [[MacDon Industries Ltd.]]
* [[MacDon Industries Ltd.]]


=== [[United States]] ===
=== [[United States]] ===
==== [[Arizona]] ====
==== [[Arizona]] ====

*Skyjack Mfg. S.W.
* Skyjack Mfg. S.W.

'''[[Illinois]]'''
'''[[Illinois]]'''

*Skyjack Product Support
* Skyjack Product Support


====[[Michigan]]====
====[[Michigan]]====

*Linamar Sales Corp.
*Linamar U.S.A. INC.
* Linamar Sales Corp.
* Linamar Structures U.S.A., Inc..
*McLaren Performance Technologies INC. (McLaren Engineering)
* McLaren Performance Technologies Inc. . (McLaren Engineering)


====[[North Carolina]]====
====[[North Carolina]]====

*Linamar North Carolina (Pisgah & Mitchell locations)
*Linamar Forgings Carolina, Inc. (LFC)
* Linamar, North Carolina (Pisgah & Mitchell locations)
*Linamar Light Metals Mills River, Inc. (LLMMR)
* Linamar Forgings Carolina, Inc. (LFC)
* Linamar Light Metals Mills River, Inc. (LLMMR)


=== [[Mexico]] ===
=== [[Mexico]] ===

*Engicom [[Ramos Arizpe, Coahuila]]
*Industrias de Linamar S.A. de C.V. [[Gomez Palacio, Durango]]
* Engicom [[Ramos Arizpe, Coahuila]]
* Industrias de Linamar S.A. de C.V. [[Gomez Palacio, Durango]]
*Linamar de Mexico S.A. de C.V. [[Ramos Arizpe, Coahuila]]
* Linamar de Mexico S.A. de C.V. [[Ramos Arizpe, Coahuila]]
*Linamar Driveline Systems [[Nuevo Laredo, Tamaulipas]]
* Linamar Driveline Systems [[Nuevo Laredo, Tamaulipas]]
*Montiac SA de CV, [[Torreón|Torreon]], [[Coahuila]]
* Montiac SA de CV, [[Torreón|Torreon]], [[Coahuila]]
*Skyjack Inc. [[Ramos Arizpe, Coahuila]]
* Skyjack Inc. [[Ramos Arizpe, Coahuila]]


=== [[Bulgaria]] ===
=== [[Bulgaria]] ===

* Montupet EOOD, [[Ruse, Bulgaria|Ruse]], [[Ruse Province|Ruse]]
* Montupet EOOD, [[Ruse, Bulgaria|Ruse]], [[Ruse Province|Ruse]]


=== [[France]] ===
=== [[France]] ===

* Linamar Saint-Chamond, [[Saint-Chamond, Loire|Saint-Chamond]], Rhone-Alpes
* Linamar Saint-Chamond, [[Saint-Chamond, Loire|Saint-Chamond]], Rhone-Alpes
* Linamar Montfaucon Transmission, [[Montfacon]], Auvergne
* Linamar Montfaucon Transmission, [[Montfaucon-en-Velay|Montfaucon]], Auvergne
* Montupet SA, [[Clichy-sous-Bois|Clichy]]
* Montupet SA, [[Clichy-sous-Bois|Clichy]]
* Montupet SA Laigneville, [[Laigneville]]
* Montupet SA Laigneville, [[Laigneville]]
Line 98: Line 123:


=== [[Germany]] ===
=== [[Germany]] ===

* Linamar Antriebstechnik GmbH (LAT), [[Crimmitschau]], [[Saxony]]
* Linamar Antriebstechnik GmbH (LAT), [[Crimmitschau]], [[Saxony]]
* Linamar Powertrain GmbH (LPT), [[Crimmitschau]], [[Saxony]]
* Linamar Powertrain GmbH (LPT), [[Crimmitschau]], [[Saxony]]
* Linamar Valvetrain GmbH (LVT), Thale-Warnstedt, [[Saxony]]
* Linamar Valvetrain GmbH (LVT), Thale-Warnstedt, [[Saxony]]
* Linamar Development Center GmbH (LDC), [[Crimmitschau]], [[Saxony]]
* Linamar Development Centre GmbH (LDC), [[Crimmitschau]], [[Saxony]]
* Seissenschmidt GmbH, [[Plettenberg]], [[North Rhine-Westphalia|Nordrhein-Westfalen]]
* Seissenschmidt GmbH, [[Plettenberg]], [[North Rhine-Westphalia|Nordrhein-Westfalen]]
* Seissenschmidt Components Processing KG, [[Plettenberg]], [[North Rhine-Westphalia|Nordrhein-Westfalen]]
* Seissenschmidt Components Processing KG, [[Plettenberg]], [[North Rhine-Westphalia|Nordrhein-Westfalen]]
Line 108: Line 134:


=== [[Hungary]] ===
=== [[Hungary]] ===

*Linamar Products Division (LPD), [[Orosháza]], [[Békés]]
*OROS Division (OROS), [[Orosháza]], [[Békés]]
* Linamar Products Division (LPD), [[Orosháza]], [[Békés]]
*Precision Parts Manufacturing (PPM), [[Békéscsaba]], [[Békés]]
* OROS Division (OROS), [[Orosháza]], [[Békés]]
* Precision Parts Manufacturing (PPM), [[Békéscsaba]], [[Békés]]
*Linamar Gyöngyös Kft [[Gyöngyös]], [[Heves]]
*Linamar Technology Hungary (LTH), [[Békéscsaba]], [[Békés]]
* Linamar Gyöngyös Kft [[Gyöngyös]], [[Heves]]
* Linamar Technology Hungary (LTH), [[Békéscsaba]], [[Békés]]


=== [[Spain]] ===
=== [[Spain]] ===

* Aluminio y Aleaciones, S.A., [[Zaragoza]], [[Aragon]]
* Aluminio y Aleaciones, S.A., [[Zaragoza]], [[Aragon]]


=== [[United Kingdom]] ===
=== [[United Kingdom]] ===

* Montupet UK Ltd., [[Dunmurry]], [[Northern Ireland]]
* Montupet UK Ltd., [[Dunmurry]], [[Northern Ireland]]
*Skyjack UK Ltd., [[Oswestry]], [[England]]
* Skyjack UK Ltd., [[Oswestry]], [[England]]


=== [[China]] ===
=== [[China]] ===

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


=== [[India]] ===
=== [[India]] ===

* Linamar India Private Ltd (LIP), [[Pune]], [[Maharashtra]]
* Linamar India Private Ltd (LIP), [[Pune]], [[Maharashtra]]
* Jaya Hind Montupet Private Ltd, [[Pune]], [[Maharashtra]]
* Linamar India Private Ltd (LID), Dewas, Madhya Pradesh
* Jaya Hind Montupet Private Ltd, [[Dewas]], [[Madhya Pradesh]]


=== [[Japan]] ===
=== [[Japan]] ===

*Linamar [[Japan]] Sales Office, [[Tokyo]]
* Linamar [[Japan]] Sales Office, [[Tokyo]]


=== [[South Korea]] ===
=== [[South Korea]] ===

* Linamar Automotive Systems [[Korea]] Ltd., [[Ansan|Ansan-City]], [[Gyeonggi Province|Kyunggi]]
* Linamar Automotive Systems [[Korea]] Ltd., [[Ansan|Ansan-City]], [[Gyeonggi Province|Kyunggi]]


== References ==
== References ==
<references ></references>
{{reflist}}

[[Category:Companies listed on the Toronto Stock Exchange]]
[[Category:Companies listed on the Toronto Stock Exchange]]
[[Category:Auto parts suppliers of Canada]]
[[Category:Auto parts suppliers of Canada]]

Revision as of 14:59, 31 August 2024

Linamar Corporation
Company typePublic
IndustrieAutomotive, Manufacturing
GegründetAugust 17, 1966; 58 years ago (1966-08-17) in Ariss, Ontario
GründerFrank Hasenfratz
Key people
RevenueIncrease CAD$9.35 billion (2023)[1]
Increase CAD$887.3 million (2023)[1]
Increase CAD$628.5 million (2023)[1]
Total assetsCAD$8.76 billion (2023)[1]
Total equityCAD$4.57 billion (2023)[1]
Number of employees
28,600 (2023)[1]
Websitewww.linamar.com
Linamar corporate headquarters
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Linamar Corporation (TSX: LNR) is a manufacturing company serving the mobility, access, agriculture, and MedTech industries.[2][3] The company has three operating segments: Industrial, Mobility, and eLIN.

The company has several groups. The eLIN Product Solutions Group specialises in electrification, while McLaren Engineering provides design, development, and testing services. Linamar MedTech, the company's medical group, focuses on manufacturing medical devices and precision medical components. Linamar has 26,550 employees in 65 manufacturing locations, 14 R&D centres, and 28 sales offices in 17 countries in North and South America, Europe, and Asia, which generated sales of $6.5 billion in 2021. It is Canada's second-largest automobile parts manufacturer (after Magna International). Based in Guelph, Ontario, the company's various operations employ more than 29,000 people worldwide in a total of 60 manufacturing plants, 8 R&D centres, and 25 sales offices in 17 countries located in North and South America, Europe, and Asia. Total sales in 2018 were $7.6 billion.[4]

History

Linamar was founded in 1966 by the Hungarian refugee Ferenc[5] (Frank) Hasenfratz,[6] 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[7] in Ariss, Ontario.[8] The company, with a staff of five, was incorporated in 1966 as Linamar Machine Limited, named after his two daughters, Linda and Nancy, who were born in Guelph, Ontario.[9]

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 8,000 people were employed by Linamar in that city at the time.)[10]

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 jobs and maintain 8,000 others.[11][12] CEO Linda Hasenfratz, who is one of the members of the federal NAFTA advisory panel,[11] told the news media that the funding would enable the expansion of its parts for conventional, hybrid, battery electric and fuel cell electric vehicles.[13] At that time, the company employed 9,000 individuals in Canada, mostly in Guelph. The number of manufacturing plants in Ontario totaled 23, with all but one in Guelph.[12] "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.[14] A federal government press release indicated that some of the funding would support artificial intelligence, three-dimensional printing and clean technology.[11] The provincial government's release stated that the funding would enable the company to build next-generation transmissions and drivetrains, high-efficiency engine parts and develop technologies for electric and connected vehicles. It would also help create an innovation centre for R&D on artificial intelligence, machine learning, collaborative robotics and other technology.[15] The company planned to invest up to $500 million over the long term in high-tech programmes such as artificial intelligence.[16]

In September 2023, Linamar acquired the propulsion-agnostic business from Mobex for $70 million.[17]

On December 21, 2023, Linamar agreed to purchase Saskatchewan's Bourgault Industries, a family-based agricultural equipment manufacturer, for $640 million.[18]

World presence

Kanada

The corporate office is located in Guelph, Ontario, Canada.- 1999

Ariss, Ontario

  • Ariss Mfg., 1966

Guelph, Ontario

  • Autocom Mfg., 1995
  • Camcor Mfg., 2005
  • Camtac Mfg., 2003
  • Cemtol Mfg., 1991
  • Comtech Mfg., 1993
  • Corvex Mfg., 1997
  • Diversa Cast- 1996 (closed)
  • Eston Mfg., 1999
  • Emtol Mfg., 1986
  • Hastech Mfg., 1985, Plant 1 and Plant 2
  • Innovation Hub (iHub)
  • Linergy Mfg. Inc.
  • Linamar Gear
  • Linamar Transportation Inc., 1999
  • Linamar Performance Centre (LPC)
  • Linex Mfg., 1981
  • LPP Mfg. Inc., 1998
  • PowerCor Mfg.
  • Quadrad Mfg., 1990
  • Roctel Mfg., 1987
  • Skyjack Inc, Plants 1 and 2
  • Spinic Mfg., 1985
  • The Frank Hasenfratz Centre of Excellence in Manufacturing {The Centre}
  • Transgear Mfg., 1987
  • Traxle Mfg., 1990
  • Vehcom Mfg., 1996
  • Western Combine Co., 1989 Mfg. (closed)

Windsor, Ontario

  • * Exkor Mfg., 2001

Winnipeg, Manitoba

Vereinigte Staaten

Arizona

  • Skyjack Mfg. S.W.

Illinois

  • Skyjack Product Support

Michigan

  • Linamar Sales Corp.
  • Linamar Structures U.S.A., Inc..
  • McLaren Performance Technologies Inc. . (McLaren Engineering)

North Carolina

  • Linamar, North Carolina (Pisgah & Mitchell locations)
  • Linamar Forgings Carolina, Inc. (LFC)
  • Linamar Light Metals Mills River, Inc. (LLMMR)

Mexiko

Bulgarien

Frankreich

Deutschland

Ungarn

Spanien

Vereinigtes Königreich

China

Indien

  • Linamar India Private Ltd (LIP), Pune, Maharashtra
  • Linamar India Private Ltd (LID), Dewas, Madhya Pradesh

Japan

Südkorea

References

  1. ^ a b c d e f Cite error: The named reference annual_report_2023 was invoked but never defined (see the help page).
  2. ^ Leeder, David (2023-02-01). "Wednesday's analyst upgrades and downgrades". The Globe and Mail. Retrieved 2023-02-27.
  3. ^ "Our Company". Linamar. Retrieved 2023-02-27.
  4. ^ https://www.linamar.com/sites/default/files/press/Q1%202019%20Press%20Release.pdf [bare URL PDF]
  5. ^ "Hunhíradó".
  6. ^ "An excerpt from Driven to Succeed". 20 October 2012.
  7. ^ "Frank Hasenfratz". Forbes.
  8. ^ http://www.linamar.com/sites/default/files/press/pr_-_2007_6_26_-_manufacturing_hall_of_fame.pdf [bare URL PDF]
  9. ^ "Linamar looks to triple sales by 2020". The Hamilton Spectator. February 8, 2013.
  10. ^ "Guelph's Linamar plant gets funding to help create 1,200 jobs". CBC News. CBC. January 12, 2015. Retrieved January 25, 2017.
  11. ^ a b c Wingrove, Josh (15 January 2018). "Linamar to launch $750-million expansion with help from Ottawa, Ontario". Toronto Star.
  12. ^ a b Seto, Chris (15 January 2018). "Guelph's Linamar to receive $99 million from feds, province".
  13. ^ Seto, Chris (15 January 2018). "Federal government, Ontario invest $100M to support Linamar auto parts maker".
  14. ^ Siekierska, Alicja (15 January 2018). "Linamar investment seen as 'vote of confidence' amid NAFTA uncertainty". Financial Post.
  15. ^ Blatchford, Andy (15 January 2018). "Feds, Ontario invest $100M to support Linamar auto parts maker".
  16. ^ "Linamar to spend up to $500M on AI, electric and connected vehicles". 15 January 2018.
  17. ^ "Linamar to Acquire Propulsion-Agnostic Business from Mobex". www.newswire.ca. Retrieved 2023-09-22.
  18. ^ "Linamar to buy agriculture equipment manufacturer Bourgault Industries in $640M deal". Yahoo Finance. 2023-12-20. Retrieved 2023-12-22.
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