HENDERSON COUNTY, NC,
Feb. 22, 2016 /CNW/ - Linamar
Corporation (TSX: LNR) and GF Automotive, a division of Georg
Fischer AG (SIX: FI-N), today announced that they have selected
Henderson County, North Carolina
as the location for GF Linamar LLC's new jointly-owned aluminum die
casting plant in support of a strategy to provide integrated light
metal casting and machining solutions to global customers. The new
entity named GF Linamar LLC will provide large light metal
high-pressure die castings for powertrain, driveline, and
structural components to the NAFTA automotive market.
Governor Pat McCrory, North
Carolina Commerce Secretary John E.
Skvarla, III, the Economic Development Partnership of
North Carolina (EDPNC), and the
Henderson County Board of
Commissioners joined executives from GF and Linamar in announcing
the arrival of 350 manufacturing jobs in Henderson County over the coming five years.
GF Linamar LLC will invest more than $200
million in a new facility in the Town of Mills River in two phases over the next seven
years.
The plant is scheduled to begin production mid-2017 and will
provide integrated casting and machining solutions to automotive,
industrial, and commercial customers. Together, the parties will
utilize combined resources and capabilities to provide light-weight
best-in-class solutions for large powertrain, driveline and
structural components. 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.
"We are very pleased to announce that we have selected
Henderson County, North Carolina
as the site of the GF Linamar LLC plant," stated Linda Hasenfratz, CEO of Linamar. "This will be
our fourth plant in North
Carolina, an area where we have thrived thanks to a
fantastic workforce and a great business environment. It is
rapidly becoming an important hub for us to serve our customers in
the southern US and North America
overall."
"We appreciate very much the warm welcome and the support from
the state of North Carolina and
the Henderson County authorities,"
commented Yves Serra, CEO of GF.
"The location is ideal for us, and we look forward to a prosperous
future for our joint venture in the US."
Linamar Corporation (TSX:LNR) is a diversified global
manufacturing Company of highly engineered products powering
vehicles, motion, work and lives. The Company is made up of 2
operating segments – the Powertrain/Driveline segment and the
Industrial segment, which are further divided into 4 operating
groups – Machining & Assembly, Light Metal Casting, Forging,
and Skyjack, all world leaders in the design, development and
production of highly engineered products. The Company's Machining
and Assembly, Casting and Forging operating groups focus on
precision metallic components, modules and systems for engine,
transmission and driveline systems & structural components
designed for global vehicle and industrial markets. The Company's
Skyjack operating group is noted for its innovative, high quality
mobile industrial equipment, notably its class-leading aerial work
platforms and telehandlers. With more than 19,500 employees in 48
manufacturing locations, 5 R&D centers and 15 sales offices in
14 countries in North and South
America, Europe and
Asia, Linamar generated sales of
$4.2 billion in 2014. For more
information about Linamar Corporation and its industry leading
products and services, visit www.linamar.com.
Georg Fischer is comprised of
three divisions including GF Piping Systems, GF Automotive, and GF
Machining Solutions. Founded in 1802, the corporation is
headquartered in Switzerland and
is present in 31 countries with 126 companies, 47 of them
production facilities. Its approximately 14,100 employees generated
sales of CHF 3.80 billion in 2014. GF
is the preferred partner of its customers for the safe transport of
liquids and gases, lightweight casting components in vehicles, and
high-precision manufacturing technologies.
SOURCE Linamar Corporation