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Magna Int. (MG.A) and Auto Manufacturers/Suppliers


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Magna Int. (MG.A) and Auto Manufacturers/Suppliers > any news from other Auto Suppliers beside MG.A > expansion for Linamar in China View modes: 
  • expansion for Linamar in China

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    5 stars

    great news for Linamar.

    Business is great overseas for Linamar

    570 News, The Canadian Press Aug 12, 2010 06:55:28 AM
    0 Recommendation(s)
    Guelph-based auto parts manufacturer Linamar its business in China is growing so quickly that it may have to build a second plant in the country.
    Linamar C-E-O Linda Hasenfratz says during the second quarter, the company earned more than 50 (m) million dollars in new business in China.
    The company got a major boost from a raft of new auto contract wins in the past few quarters, as it took business from weaker competitors during the recession.
    Linamar took a big hit last year from the bankruptcy filings of key customers General Motors and Chrysler, as well as severance and other costs as it cut its operations to save money.  

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