LNR Linamar Corp

Linamar (TSX:LNR) announces that it has been awarded a multi-year supply
contract for certain driveline modules with a major European auto manufacturer.


The start of production is scheduled for 2011. At anticipated volumes and
current exchange rates, Linamar expects annualized sales associated with this
program to be in excess of $200 million (CDN) once the program reaches full
production, which is expected to occur in 2014.


"This is a transformational business win for our European group testament to the
dedication and focus of our team to realize our Globalization and
Diversification strategies," said Linamar CEO Linda Hasenfratz. "It is also a
huge win for our new driveline systems businesses which are levering off a
global focus on AWD systems."


Linamar Corporation (TSX:LNR) is a diversified global manufacturing company of
highly engineered products. The company's Powertrain and Driveline focused
divisions are world leaders in the collaborative design, development and
manufacture of precision metallic components, modules and systems for global
vehicle and power generation markets. The company's Industrial division is a
world leader in the design and production of innovative mobile industrial
equipment, notably its class-leading aerial work platforms and telehandlers.
With more than 9,000 employees in 37 manufacturing locations, 5 R&D centers and
11 sales offices in Canada, the US, Mexico, Germany, Hungary, the UK, China,
Korea and Japan Linamar generated sales of over $2.2 Billion in 2008. For more
information about Linamar Corporation and its industry leading products and
services, visitwww.linamar.com.


Certain information regarding Linamar set forth in this document, including
management's assessment of the Company's future plans and operations may
constitute forward-looking statements. This information is based on current
expectations that are subject to significant risks and uncertainties that are
difficult to predict. Actual results may differ materially from these
anticipated in the forward-looking statements due to factors such as customer
demand and timing of buying decisions, product mix, competitive products and
pricing pressure. In addition, uncertainties and difficulties in domestic and
foreign financial markets and economies could adversely affect demand from
customers. These factors, as well as general economic and political conditions,
may in turn have a material adverse effect on the Company's financial results.
The Company assumes no obligation to update the forward-looking statements, or
to update the reasons why actual results could differ from those reflected in
the forward-looking statements.

Linamar (TSX:LNR)
Historical Stock Chart
From Oct 2024 to Nov 2024

Linamar (TSX:LNR)
Historical Stock Chart
From Nov 2023 to Nov 2024