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Linamar Posts Record Sales, Earnings
Canada’s Linamar Corp. boosted sales 15% to a record C$6.5 billion ($5 billion) last year.
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Canada’s Linamar Corp. boosted sales 15% to a record C$6.5 billion ($5 billion) last year. Adjusted net earnings grew 2% to a record C$549 million ($425 million).
The company, which supplies highly engineered metal components, credits the growth to a combination of organic sales growth and acquisitions. Linamar reports double-digit growth in content per vehicle in all regions worldwide.
One of Linamar’s major business wins last year was a contract to provide 550,000 of its all-wheel-drive E-Axle drivetrain units to an unspecified customer. The 150-watt system includes a 9-kWh battery and a motor that can deliver as much as 1,100 lb-ft of torque to each of the two wheels it drives.
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