Linamar Corporation Business Report FY ended Dec. 2017
|(in million CAD)|
|FY ended Dec. 31, 2017||FY ended Dec. 31, 2016||Rate of change (%)||Factors|
1) Powertrain/Driveline segment sales
-In the fiscal year ended December 31, 2017, sales in the Company’s Powertrain/Driveline segment increased by 5.7% over the previous year to CAD 5,430.0 million. Factors including additional sales from launching programs in Europe and North America primarily impacted the sales in 2017.
2) Powertrain/Driveline segment operating income
-The Powertrain/Driveline segment had operating income of CAD 545.5 million in the fiscal year ended December 31, 2017, an decrease of 1.1% over the previous year. Factors including negative currency exchange effects impacted the operating income.
-The Company’s strategy is to focus on “Diversified Manufactured Products to Power Vehicles, Motion, Work and Lives”. In relation to the automotive industry, the Company has focused on developing products for a variety of vehicle powertrains including ICE, hybrid, electric, and fuel cell vehicles. For example, the Company’s E-Axle is suited for hybrid and electric vehicles. The Company is also developing components for ICE vehicles to improve fuel efficiency and lower emissions.
-The Company has five development centers, with two located in Ontario, Canada; and one each in Detroit, Michigan, U.S; Saxony, Germany; and Bekes, Hungary. The McLaren Performance facility in Detroit provides capabilities for product design, development, testing and analysis for engine, transmission, and driveline systems.
|(in million CAD)|
|FY ended Dec. 31, 2017||FY ended Dec. 31, 2016||FY ended Dec. 31, 2015|
Investments outside Canada
-Georg Fischer announced that GF Linamar, the joint venture between GF Automotive and the Company, officially opened its first U.S. production facility in Mills River, North Carolina. The 57-acres high-pressure die-casting facility focuses on lightweight solutions in aluminum and magnesium for the automotive industry, drawing from the expertise of both partners. The overall investment over the next five years amounts to approximately USD 100 million. With several major purchase orders already secured, the new facility is expected to reach its full projected capacity utilization in the next few years. (From a press release on October 6, 2017)