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Linamar and GF Automotive Select Henderson County, North Carolina as Site of New Jointly-Owned Aluminum Die Casting Operation
Linamar and GF Automotive Select Henderson County, North Carolina as Site of New Jointly-O...
About this update from Linamar Corporation
[{"type":"text","content":"\n\n\n\nLinamar and GF Automotive Select Henderson County, North Carolina as Site of New Jointly-Owned Aluminum Die Casting Operation\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nLinamar and GF Automotive Select Henderson County, North Carolina as Site of New Jointly-Owned Aluminum Die Casting Operation\nCanada NewsWire\nHENDERSON COUNTY, NC, Feb. 22, 2016\n\n\n\nHENDERSON COUNTY, NC, Feb. 22, 2016 /CNW/ - Linamar Corporation (TSX: LNR) and GF Automotive, a division of Georg Fischer AG (SIX: FI-N), today announced that they have selected Henderson County, North Carolina as the location for GF Linamar LLC's new jointly-owned aluminum die casting plant in support of a strategy to provide integrated light metal casting and machining solutions to global customers. The new entity named GF Linamar LLC will provide large light metal high-pressure die castings for powertrain, driveline, and structural components to the NAFTA automotive market. \n\nGovernor Pat McCrory, North Carolina Commerce Secretary John E. Skvarla, III, the Economic Development Partnership of North Carolina (EDPNC), and the Henderson County Board of Commissioners joined executives from GF and Linamar in announcing the arrival of 350 manufacturing jobs in Henderson County over the coming five years. GF Linamar LLC will invest more than $200 million in a new facility in the Town of Mills River in two phases over the next seven years. \n\nThe plant is scheduled to begin production mid-2017 and will provide integrated casting and machining solutions to automotive, industrial, and commercial customers. Together, the parties will utilize combined resources and capabilities to provide light-weight best-in-class solutions for large powertrain, driveline and structural components.  In addition, Linamar plans to offer machining services on site to provide optimal integrated cast and machined solutions at the best value, design, and quality to our customers. \n\n\"We are very pleased to announce that we have selected Henderson County, North Carolina as the site of the GF Linamar LLC plant,\" stated Linda H...