Linamar Corporation
TSX : LNR

Linamar Corporation

December 03, 2009 11:24 ET

Linamar Corporation Announces the Closure of Invar Manufacturing Corporation

GUELPH, ONTARIO--(Marketwire - Dec. 3, 2009) - Linamar Corporation ("Linamar")(TSX:LNR) today announced the closure of Invar Manufacturing Corporation, located in Batawa Ontario. Invar currently employs 134 active employees and will work through an orderly wind down of operation over the next few months.

"Unfortunately, despite the efforts of all involved, Invar Manufacturing Corporation is not a competitive option for Linamar," said Jim Jarrell, President & COO. "We regret the personal impact that this will have on employees and their families and sincerely appreciate their cooperation during the orderly wind down of operations."

The closure does not affect Linamar's other Ontario facilities where new business continues to be won and production levels are rising.

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, visit www.linamar.com.

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