Linamar Corp (LIMAF)

Description:

Linamar Corporation was incorporated pursuant to the Business Corporations Act (Ontario) on August 17, 1966. It is a diversified global manufacturing company of highly engineered products powering vehicles, motion, work and lives. The Company is made up of 2 operating segments - the Powertrain / Driveline segment and the Industrial segment which are further divided into 4 key divisions - Manufacturing, Driveline, Industrial Commercial Energy ("ICE Group") and Skyjack, all world leaders in the design, development and production of highly engineered products. The Company's Manufacturing and Driveline divisions focus on precision metallic components, modules and systems for engine, transmission and driveline systems designed for passenger vehicle markets. The ICE Group concentrates on similar products for on and off highway vehicle, energy and other industrial markets. The Company's Skyjack division is noted for its innovative, high quality mobile industrial equipment, notably its aerial work platforms and telehandlers. The Powertrain/Driveline segment derives revenues primarily from the collaborative design, development and manufacture of precision metallic components, modules and systems for global vehicle and power generation markets. The Powertrain/Driveline segment manufactures precision-machined components and assemblies that are used in high-efficiency transmissions, engines and driveline systems. Its focus on transmissions is centered on gears, transmission cases, shafts, shafts and shell assemblies, clutch modules and clutch subcomponents, valve bodies, pumps, planetary gear assemblies, as well as housings/covers. In the driveline systems segment, the core product areas are power transfer units (PTUs), rear drive units (RDUs), and engineered gears. The Powertrain/Driveline segment also manufactures key components, systems and modules for today's modern engine. The primary engine components it manufactures are cylinder blocks and assemblies, cylinder heads and complete head assemblies, camshaft assemblies, connecting rods, flywheels, fuel rails and fuel body/pump assemblies as well as housings/covers, liners, vacuum pumps, oil pumps and water pumps. In addition, it has the capability to provide fully assembled niche engine programs. The Powertrain/Driveline segment has 31 manufacturing locations, 3 R&D centers and 7 sales offices in 7 countries in North America, Europe and Asia. The principal customers for the Powertrain/Driveline Segment are OEMs with operations in North America and their suppliers, including CAT, Chrysler, Ford and GM. The Company's Powertrain/Driveline has operations in Europe. The Industrial Segment serves a variety of markets as noted above but is notably a manufacturer of aerial work platforms, focused on production of the industry's reliable scissor lifts. Products include both battery-powered and combustion engine powered scissor lifts, telescopic boom lifts, telehandlers and other aerial work platforms. The Industrial Segment has 11 manufacturing locations, 2 R&D centers and 8 sales offices in 8 countries in North America, Europe, Australia and Asia. The Company conducts its operations in five geographic regions, Canada, the United States, Mexico, Asia Pacific and Europe. With more than 18,000 employees in 42 manufacturing locations, 5 Research & Development ("R&D") centers and 15 sales offices in 12 countries in North America, Europe, Australia and Asia. The Company has grouped facilities mainly in four key divisions; ICE, Skyjack, Driveline and Manufacturing.