Linamar Corporation Opens the Frank Hasenfratz Centre of Excellence in Manufacturing
September 21 2009 - 4:45PM
Marketwired
Linamar Corporation (TSX: LNR) today announced the Grand Opening of
the Frank Hasenfratz Centre of Excellence in Manufacturing in
Guelph. The Centre is dedicated to innovation in the engineering
and processing of Linamar's products and the development of people
critical to the company's success.
"This Centre is a testament to who we are as a company, but it
is also a tribute to where we came from. It is a company founded by
an inspirational man with a vision to build a business, Frank
Hasenfratz," said Linda Hasenfratz, CEO of Linamar. "He once quite
famously said when he started Linamar he had a vision of having a
business employing 20 or 30 people, a vision that clearly did not
come true considering the 9,000 people we employ globally at
Linamar. This Centre is a testament not only to our history, but to
the man who inspired it all and remains a driving force behind our
prosperity and success."
The establishment of the Centre was enabled by funding provided
by the Provincial Government of Ontario through their OAIS
automotive investment fund.
"The OAIS program has been a huge success for us in helping us
make necessary investments around innovation and training and
allowing us to be in the relatively strong position we are in
today," said Hasenfratz, "Our province's investment in Linamar to
fund our internal R&D, process improvement and training work
has proven invaluable to us over the past 3 years. We are very
thankful for the strong support of our Province."
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, US, Mexico, Germany, Hungary, 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.
Contacts: Linamar Corporation Andrea Bowman Media & Investor
Relations 519.836.7550 ext. 2007 519.824.8479 (FAX)
andrea.bowman@linamar.com www.linamar.com
Linamar (TSX:LNR)
Historical Stock Chart
From May 2024 to Jun 2024
Linamar (TSX:LNR)
Historical Stock Chart
From Jun 2023 to Jun 2024