Welcome back to Stockhouse
Member Sign In

Email or Username:

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Enter your email address:
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

Get our best content in your email.

You are already a member! Please enter your password to sign in.

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

Group Portfolio


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

    - |
    User avatar
    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.  

    Rate this post
    0 stars



Latest Members


Group Administrator