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Linamar Announces Creation of Linamar MedTech, a new group focused on Medical Devices and Precision Medical Components
Linamar Announces Creation of Linamar MedTech, a new group focused on Medical Devices and...
About this update from Linamar Corporation
[{"type":"text","content":"\n \n \n \n Linamar Announces Creation of Linamar MedTech, a new group focused on Medical Devices and Precision Medical Components\n \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 \n Canada NewsWire\n \n \n \n \n \n \n GUELPH, ON\n \n \n ,\n \n \n May 19, 2022\n \n \n /CNW/ -\n \n Linamar Corporation\n \n (TSX: LNR) today announced the formation of Linamar MedTech, a new medical manufacturing group which will focus on leveraging its expert capabilities in precision manufacturing to pursue opportunities in the Medical Device and Precision Medical Component markets.\n \n \n \n \n \n \n \n \n \n Linamar MedTech will further fuel growth and diversification in line with the company's 2100 strategy. It demonstrates Linamar's commitment and belief in future opportunities within the medical devices industry. The announcement builds on the medical device programs the company has launched over the past several years, including full ventilator systems and ventilator parts, part of the highly critical, expeditated launch effort in response to the public health crisis created by the COVID-19 pandemic.  Linamar has also successfully launched other medical device programs in automated robotic microscopy.\n \n \n \"Linamar has expertise and resources that are applicable beyond the markets in which it operates today as we have proven with prior diversification initiatives,\" said\n \n Linda Hasenfratz\n \n , Linamar's Executive Chair and CEO. \"This announcement formalizes the creation of Linamar MedTech, a new group with a dedicated team to pursue medical device and precision medical component business opportunities. With a growing and aging population, the medical device and precision components market is one that is growing quickly.  This is an exciting new area for Linamar to grow, and one in which we have already proven we can excel.\"\n \n \n Linamar's quality management system has demonstrated it can meet the required industry standards for medical devices.  By utilizing the Linamar global operating structure and manufacturing footprint, Linamar plans to man...