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Linamar Corporation Provides Commentary on Q1 2021 External Market Conditions
Linamar Corporation Provides Commentary on Q1 2021 External Market Conditions C...
About this update from Linamar Corporation
[{"type":"text","content":"\n \n \n \n Linamar Corporation Provides Commentary on Q1 2021 External Market Conditions\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 GUELPH, ON\n \n ,\n \n April 9, 2021\n \n /CNW/ - Linamar Corporation (TSX: LNR) today released insights regarding the market activity observed during Q1 2021, as well as commented on other recent industry developments.  The comments provide updates on the latest available industry conditions in the key Access, Agriculture and Automotive markets in which it operates.\n \n \n \n \n \n \n \n \n \n Highlights:\n \n \n \n Transportation\n \n \n \n Q1 Global Light Vehicle (LV) Production forecast to be strongly up at 10.3% increase over prior year despite shortage in the supply of semiconductors\n \n \n \n Industrial\n \n \n \n North American Combine Market\n \n \n \n February YTD up 28%\n \n \n Double digit growth expected for 2021\n \n \n MacDon's Order intake well above prior year level\n \n \n \n Access Market for Core Scissors and Booms in\n \n North America\n \n and EMEA\n \n \n \n Q1 expected down from 2020 pre-pandemic levels\n \n \n Expectation for the market to be up >20% in 2021\n \n \n Skyjack's Backlog significantly higher than prior year level\n \n \n \n \n \n A presentation deck highlighting the details is available and has been posted to Linamar's website today at\n \n www.linamar.com/investors\n \n under the section titled Reports, Presentations and Public Filings, or directly by clicking\n \n here\n \n .\n \n \n Linamar Corporation (TSX:LNR) is an advanced manufacturing company where the intersection of leading edge technology and deep manufacturing expertise is creating solutions that power vehicles, motion, work and lives for the future. The Company is made up of two operating segments – the Industrial segment and the Transportation segment, both global leaders in manufacturing solutions and worldclass developers of highly engineered products. The Industrial segment is comprised of Skyjack and MacDon. Skyjack manufactures scissor, boom and telehandler lifts...