GUELPH,
ON, Aug. 24, 2022 /CNW/ - Linamar Corporation
(TSX: LNR), a leading global diversified manufacturing company,
announced today its iHub production site has received ISO 13485
certification for medical device production. The achievement is a
critical milestone for the company's recently announced MedTech
group, clearing the way to Linamar becoming a leading supplier to
the global Medical Device markets.
ISO 13485:2016 is an internationally recognized standard of
quality and safety for the medical device industry. The management
system standard ensures that an organization meets the regulatory
requirements specific to the design, manufacture, assembly, and
distribution of medical devices. The Linamar iHub, located in
Guelph, Ontario, Canada, is the
first of Linamar's global facilities to obtain the medical device
specific certification from the Internal Standards Organization
(ISO). This facility led the initial response to the COVID-19
outbreak, urgently scaling up production efforts to support the
manufacture of lifesaving ventilators and critical medical
supplies. The facility is also focused on Innovation for the
future, incubating new technologies and ideas around process and
product innovation supporting the company's rapid evolution into
Advanced Manufacturing.
"We are thrilled to take the next step towards our entry into
the Medical Device market," said Linda
Hasenfratz, Linamar Executive Chair and CEO. "At the onset
of the COVID-19 outbreak, we rapidly pivoted our production to
ventilator systems, modules, and components. The team at the
Linamar iHub clearly demonstrated that our manufacturing expertise,
quality systems, supply chain management and launch capabilities
can be applied to medical device manufacturing. With the ISO 13485
certification process complete, we now have the qualifications to
pursue new potential customers within the MedTech space."
Linamar MedTech is the newest division of Linamar Corporation
and is focused on contract manufacturing of complex medical device
assemblies as well as precision machined medical components.
MedTech is one of the targeted markets outlined in the company's
2100 Vision for future long-term growth and diversification.
Linamar's capabilities in manufacturing, supply chain and program
management can be leveraged to offer medical equipment OEMs
advanced contract manufacturing solutions, for better products at a
better price.
For more information on Linamar MedTech product or services,
please visit our website at
https://www.linamar.com/medtech/ or email us at
MedTech@Linamar.com
Forward Looking Information, Risk
and Uncertainties
Certain information regarding Linamar set forth in this document
and oral summary, including management's assessment of the
Company's future plans and operations may constitute forward
looking statements. This information is based on current
expectations that are subject to significant risks and
uncertainties that are difficult to predict. Actual results may
differ materially from these anticipated in the forward-looking
statements due to factors such as customer demand and timing of
buying decisions, product mix, competitive products and pricing
pressure. In addition, uncertainties and difficulties in domestic
and foreign financial markets and economies could adversely affect
demand from customers. These factors, as well as general economic
and political conditions and public health threats, may in turn
have a material adverse effect on the Company's financial results.
Please also refer to Linamar's most current Management's Discussion
and Analysis of Financial Condition and Results of Operations
("MD&A") and Annual Information Form ("AIF"), as replaced or
updated by any of Linamar's subsequent regulatory filings, which
set out the cautionary disclaimers, including the risk factors that
could cause actual events to differ materially from these indicated
by such forward looking statements. These documents are available
at www.linamar.com/investors. The Company assumes no obligation to
update the forward-looking statements, or to update the reasons why
actual results could differ from those reflected in the
forward-looking statements. Content is protected by copyright and
may not be reproduced or repurposed without express written consent
by the Company.
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 Mobility segment, both global leaders in
manufacturing solutions and world-class developers of highly
engineered products. The Industrial segment is comprised of
Skyjack, MacDon and Salford.
Skyjack manufactures scissors, booms and telehandler lifts for the
aerial work platform industry. MacDon manufactures combine draper
headers and self-propelled windrowers for the agricultural
harvesting industry. Salford also
supplies the agriculture market with farm tillage and crop
nutrition application equipment. The Mobility segment is subdivided
into three regional groups: North
America, Europe and
Asia Pacific. Within the Mobility
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 Mobility segment products are focused on both
components and systems for new energy powertrains, body and
chassis, driveline, engine and transmission systems of these
vehicles. In addition to the recently formed eLIN Product Solutions
Group that focuses on Electrification, McLaren Engineering provides
design, development, and testing services for the Mobility segment.
Linamar has 26,796 employees in 65 manufacturing locations, 14
R&D centres and 28 sales offices in 17 countries in North and
South America, Europe and Asia, which generated sales of more than
$6.5 billion in 2021. For more
information about Linamar Corporation and its industry-leading
products and services, visit www.linamar.com or follow us on our
social media channels.
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SOURCE Linamar Corporation