GUELPH, ON, April 9, 2021 /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.
Highlights:
- Transportation
-
- 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
- Industrial
-
- North American Combine Market
-
- February YTD up 28%
- Double digit growth expected for 2021
- MacDon's Order intake well above prior year level
- Access Market for Core Scissors and Booms in North America and EMEA
-
- Q1 expected down from 2020 pre-pandemic levels
- Expectation for the market to be up >20% in 2021
- Skyjack's Backlog significantly higher than prior year
level
A presentation deck highlighting the details is available and
has been posted to Linamar's website today at
www.linamar.com/investors under the section titled Reports,
Presentations and Public Filings, or directly by clicking
here.
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 for the aerial
work platform industry. MacDon manufactures combine draper headers
and self-propelled windrowers for the agricultural harvesting
industry. The Transportation segment is subdivided into three
regional groups; North America,
Europe and Asia Pacific. Within the Transportation
segment, the regional groups are vertically integrated operations
combining expertise in light metal casting, forging, machining and
assembly for both the global electrified and traditionally powered
vehicle markets. The Transportation segment products are focused on
both components and systems for new energy powertrains, body and
chassis, driveline, engine and transmission systems of these
vehicles. McLaren Engineering provides design, development, and
testing services for the Transportation segment. Linamar has 26,000
employees in 61 manufacturing locations, 12 R&D centres and 25
sales offices in 17 countries in North and South America, Europe and Asia which generated sales of $7.4 billion in 2019. For more information about
Linamar Corporation and its industry leading products and services,
visit www.linamar.com or follow us on Twitter at @LinamarCorp.
SOURCE Linamar Corporation