GUELPH, ONTARIO, Sep. 21, 2009 (Marketwire) -- 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.