Business
Linamar Initiates Light Metal Strategy by Entering into a US Joint Venture and Global Cooperation in Large High Pressure Die Castings with GF Automotive
GUELPH, ON , July 16, 2015 /CNW/ - (TSX: LNR).  – Linamar Corporation (TSX: L...
About this update from Linamar Corporation
[{"type":"text","content":"\n\nGUELPH, ON, July 16, 2015 /CNW/ - (TSX: LNR).  – Linamar Corporation (TSX: LNR) today signed agreements with GF Automotive, a division of Georg Fischer AG (SIX: FI-N), to support a strategy in providing integrated Light Metal casting and machining solutions to global customers.\n\nLinamar Corporation and GF Automotive today agreed to cooperate in North America, Europe, and Asia to provide integrated casting and machining solutions to automotive, industrial, and commercial customers.  Linamar is a leading manufacturer of precision forged and machined metallic components, modules, and systems for engine, transmission, and driveline systems.  GF Automotive is a leading manufacturer of light-weight cast components and systems for automotive and industrial applications.  Together, the parties will utilize combined resources and capabilities to provide light-weight best-in-class solutions for large powertrain, driveline and structural components.   \n\nWithin their Global Partnership, Linamar and GF Automotive have agreed to build a new jointly owned light metal foundry in the southeastern United States. The new jointly-owned entity named GF Linamar LLC will provide light metal high-pressure die castings for powertrain, driveline and structural components to the NAFTA market.  The foundry is scheduled to begin production mid-2017. 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 with our progress in developing our global light metal casting strategy.  GF Automotive is a highly respected technical leader in the market, well-known and positioned in the powertrain, driveline and structural components market where we both intend to grow significantly,\" stated Linda Hasenfratz, CEO of Linamar.  \"The combined capabilities of Linamar and GF Automotive create a global powerhouse in light metal products in key markets with the ability to grow and support customers globally and gives Linamar the opportunity to grow in structural body products in complement to our strong powertrain business.\"      \n\n\"GF and Linamar complement each other very well combining leading expertise in casting r...