Linamar
Linamar Corporation (TSX:LNR) is a manufacturing company serving the mobility, access, agriculture, and MedTech industries. The company has three operating segments: Industrial, Mobility and eLIN.
| Company type | Public |
|---|---|
| TSX: LNR S&P/TSX Composite Component | |
| Industry | Automotive, Manufacturing of high precision machined and assembled components |
| Founded | August 17, 1966 by Frank Hasenfratz as Linamar Machine Limited in Ariss, Ontario |
| Headquarters | Guelph, Ontario, Canada |
Key people | Frank Hasenfratz - Founder Linda Hasenfratz - CEO & Chairman |
Number of employees | 27,000 worldwide (2019) |
| Website | www.linamar.com |
Its 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, divided regionally into North America, Europe, and Asia Pacific, produces 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 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 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.