Linamar

Last updated
Linamar Corporation
Company type Public
TSX:  LNR
S&P/TSX Composite Component
IndustryAutomotive, Manufacturing of high precision machined and assembled components
FoundedAugust 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) [1]
Website www.linamar.com
Linamar corporate headquarters Linamar corp tac 001.jpg
Linamar corporate headquarters

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.

Contents

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. [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 and his late wife Margaret. [9] Linamar's first major contract was to manufacture automotive oil pumps for Ford. [10]

Hasenfratz (1935–2022) was the Chairman while the current CEO is Linda Hasenfratz; the company is headquartered in Guelph, Ontario. [11]

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.) [12]

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. [13] [14] CEO Linda Hasenfratz who is one of the members of the federal NAFTA advisory panel, [13] told the news media that the funding would enable the expansion of its parts for conventional, hybrid, battery electric and fuel cell electric vehicles. [15] At that time, the company employed 9,000 individuals in Canada, most in Guelph. The number of manufacturing plants in Ontario totaled, with all but one in Guelph. [14] "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. [16] A federal government press release indicated that some of the funding would support artificial intelligence, three-dimensional printing and clean technology. [13] 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. [17] The company planned up to $500 million over the long term investing in high-tech programs such as artificial intelligence. [18]

In September 2023, Linamar acquired the propulsion-agnostic business from Mobex for $70 million. [19]

On December 21, 2023, Linamar agreed to purchase Saskatchewan's Bourgault Industries, a family-based agricultural equipment manufacturer, for $640 million. [20]

World presence

Canada

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

United States

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)

Mexico

Bulgaria

France

Germany

Hungary

Spain

United Kingdom

China

India

Japan

South Korea

Related Research Articles

<span class="mw-page-title-main">Guelph</span> City in Ontario, Canada

Guelph is a city in Southwestern Ontario, Canada. Known as The Royal City, it is roughly 22 km (14 mi) east of Kitchener and 70 km (43 mi) west of Downtown Toronto, at the intersection of Highway 6, Highway 7 and Wellington County Road 124. It is the seat of Wellington County, but is politically independent of it.

The automotive aftermarket is the secondary parts market of the automotive industry, concerned with the manufacturing, remanufacturing, distribution, retailing, and installation of all vehicle parts, chemicals, equipment, and accessories, after the sale of the automobile by the original equipment manufacturer (OEM) to the consumer. The parts, accessories, etc. for sale may or may not be manufactured by the OEM.

<span class="mw-page-title-main">Magna International</span> Canadian automotive supplier

Magna International Inc. is a Canadian parts manufacturer for automakers. It is one of the largest companies in Canada and was recognized on the 2020 Forbes Global 2000. The company is the largest automobile parts manufacturer in North America by sales of original equipment parts; it has ranked consistently in the Fortune Global 500 list for 20 years in a row since 2001. It produces automotive systems, assemblies, modules, and components, which are supplied to General Motors, Ford and Stellantis, as well as BMW, Mercedes, Volkswagen, Toyota, Tesla, and Tata Motors, among others.

<span class="mw-page-title-main">Dickies</span> American apparel brand

Williamson-Dickie Mfg. Co. is an apparel manufacturing company primarily known for its largest brand, Dickies. Williamson-Dickie Europe, originally called Clares, was founded in 1900 in Wells, in Somerset, to provide the agricultural industry with hardware and work clothing. The US company was founded in Fort Worth, Texas, in 1922 by C. N. Williamson and E. E. "Colonel" Dickie, who began a denim bib overall company selling workwear to farm and ranch hands around the Southwest. Today, Dickies is a global brand found in more than 100 countries designing, manufacturing and selling workwear to the automotive, hospitality, construction and medical industries.

<span class="mw-page-title-main">ZF Friedrichshafen</span> German car parts maker

ZF Friedrichshafen AG, also known as ZF Group, originally Zahnradfabrik Friedrichshafen, and commonly abbreviated to ZF, is a global technology company that supplies systems for passenger cars, commercial vehicles and industrial technology. It is headquartered in Friedrichshafen, in the south-west German state of Baden-Württemberg. Specializing in engineering, it is primarily known for its design, research and development, and manufacturing activities in the automotive industry and is one of the largest automotive suppliers in the world. Its products include driveline and chassis technology for cars and commercial vehicles, along with specialist plant equipment such as construction equipment. It is also involved in the rail, marine, defense and aviation industries, as well as general industrial applications. ZF has 162 production locations in 31 countries with approximately 168,700 (2023) employees.

<span class="mw-page-title-main">Guelph/Eramosa</span> Township in Ontario, Canada

Guelph/Eramosa is a township located in Wellington County, in midwestern Ontario, Canada. It partly encircles the city of Guelph, surrounding it in a continuous arc from approximately northeast to south-southwest of the city. It is part of the Guelph census metropolitan area.

BorgWarner Inc. is an American automotive and e-mobility supplier headquartered in Auburn Hills, Michigan. As of 2022, the company maintains production facilities and sites at 92 locations in 24 countries, and generates revenues of US$15.8 billion, while employing around 52,000 people. The company is one of the 25 largest automotive suppliers in the world.

<span class="mw-page-title-main">Denso</span> Global automotive components manufacturer

Denso Corporation is a global automotive components manufacturer headquartered in the city of Kariya, Aichi Prefecture, Japan.

Honda of Canada Manufacturing is located in Alliston, Ontario and is the automobile manufacturing division of Honda Canada Inc.

<span class="mw-page-title-main">Mitsui & Co.</span> Japanese corporation

Mitsui & Co., Ltd. is one of the largest sogo shosha in Japan; it is part of the Mitsui Group.

F&P Manufacturing Inc. abbreviated F&P Mfg Inc. is a Japanese automotive parts supplier based in North America. They make components such as subframes, trailing arms, Lower Arm and Pedals for Honda, Toyota and General Motors vehicles. F&P Mfg inc. operates plants in Tottenham, Ontario, Canada and Stratford, Ontario, Canada. Its parent company F-Tech was founded in 1947 and is located in Saitama Prefecture, Japan.

<span class="mw-page-title-main">Schunk Group</span> German technology company

The Schunk Group is a company headquartered in Germany. The most important fields of endeavor are carbon technology and ceramics, environmental simulation and climate technology, sintered metals as well as ultrasonic welding.

<span class="mw-page-title-main">Automotive industry in Canada</span> Overview of the automotive industry in Canada

The automotive industry in Canada consists primarily of assembly plants of foreign automakers, most with headquarters in the United States or Japan, along with hundreds of manufacturers of automotive parts and systems, a sector represented by the APMA.

Magna Powertrain is a major American manufacturer of transmission and drivetrain systems owned by Magna International. It was formed from multiple subsidiaries and acquisitions. In addition to producing transmission systems and drivetrain systems, they also provide metal-forming and engineering services.

<span class="mw-page-title-main">Diehl Metall</span>

Diehl Metall is a corporate division of the Diehl Stiftung & Co. KG, a worldwide operating industrial group with its head office in Röthenbach an der Pegnitz near Nuremberg, Germany. The production units of Diehl Metall are situated at 13 locations in Europe, Asia, South America and the US. With 3,420 employees the company generated a turnover of €917 million in 2017. Diehl Metall produces semi-finished products, forgings and rolled products, high-precision stamped parts with plating technologies as well as Schempp+Decker press-fit zones and metal-plastic compound systems. The company provides material development and production, sheet metal forming and forging technology as well as plating, press-fit, overmolding and assembling technology completely in-house.

<span class="mw-page-title-main">KSB SE</span> German multinational manufacturer

KSB SE & Co. KGaA is a German multinational manufacturer of pumps, valves with headquarters in Frankenthal (Pfalz), Germany. The KSB Group has manufacturing plants, sales and marketing organizations, and service operations on every continent except Antarctica.

Beatty Brothers Limited was a major international manufacturer of agricultural machinery, barn and stable equipment, and household appliances, which was based in Fergus, Ontario, Canada. It was founded in 1874 by brothers George and Matthew Beatty, and reached its peak in the 1900s–1930s under William G. and Milton J. Beatty, George's sons. In 1969 it was merged with General Steel Wares to become a part of GSW Limited, and became defunct as an independent company. It is credited as having popularized the washing machine in Canada, as well as incorporating a key component, the agitator, into its designs starting in the 1920s, a component which is today found in virtually all top-loading washing machines.

Frank Hasenfratz was a Hungarian-born Canadian billionaire businessman, the founder and owner of Linamar, Canada's second largest auto parts manufacturer, with 26,000 employees at the time of his death.

<span class="mw-page-title-main">Kathy Bardswick</span> Canadian business executive

Kathy Bardswick is a Canadian business executive. From 2002 to 2016, she was the President and CEO of The Co-operators Group Ltd, a Canadian insurance cooperative based in Guelph, Ontario, Canada. She is one of a handful of women at the helm of the top 100 companies in Canada.

<span class="mw-page-title-main">Linda Hasenfratz</span> Canadian businesswoman

Linda Hasenfratz is a Canadian businesswoman, the president, chairman, and CEO of Linamar since 2002, when she succeeded her father Frank Hasenfratz.

References

  1. "About | Linamar".
  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. Taormina, Barbara. "Linamar Corporation - The Sum of All Its Parts". Business Review USA. Archived from the original on December 30, 2013. Retrieved December 29, 2013.
  10. "Linamar Corporation - Dictionary definition of Linamar Corporation - Encyclopedia.com: FREE online dictionary". www.encyclopedia.com.
  11. "Linamar looks to triple sales by 2020". The Hamilton Spectator . February 8, 2013.
  12. "Guelph's Linamar plant gets funding to help create 1,200 jobs". CBC News. CBC. January 12, 2015. Retrieved January 25, 2017.
  13. 1 2 3 Wingrove, Josh (15 January 2018). "Linamar to launch $750-million expansion with help from Ottawa, Ontario". Toronto Star.
  14. 1 2 Seto, Chris (15 January 2018). "Guelph's Linamar to receive $99 million from feds, province".
  15. Seto, Chris (15 January 2018). "Federal government, Ontario invest $100M to support Linamar auto parts maker".
  16. Siekierska, Alicja (15 January 2018). "Linamar investment seen as 'vote of confidence' amid NAFTA uncertainty". Financial Post.
  17. Blatchford, Andy (15 January 2018). "Feds, Ontario invest $100M to support Linamar auto parts maker".
  18. "Linamar to spend up to $500M on AI, electric and connected vehicles". 15 January 2018.
  19. "Linamar to Acquire Propulsion-Agnostic Business from Mobex". www.newswire.ca. Retrieved 2023-09-22.
  20. "Linamar to buy agriculture equipment manufacturer Bourgault Industries in $640M deal". Yahoo Finance. 2023-12-20. Retrieved 2023-12-22.