05:36:06 EDT Tue 22 Oct 2024
Enter Symbol
or Name
USA
CA



Linamar Corp
Symbol LNR
Shares Issued 61,578,157
Close 2024-05-13 C$ 71.83
Market Cap C$ 4,423,159,017
Recent Sedar Documents

Globe says Asahi Kasei, Linamar to be EV neighbours

2024-05-14 07:45 ET - In the News

The Globe and Mail reports in its Tuesday, May 14, edition that Honda Motor's $15-billion investment in Ontario's electric-vehicle supply chain will extend into the Niagara region through a partnership with Japan's Asahi Kasei. The Globe's Laura Stone and Adam Rdwanski write that two unnamed sources say the two companies will build components at a new $1.6-billion plant in Port Colborne. Asahi Kasei will make the announcement on Tuesday, alongside government officials, including Prime Minister Justin Trudeau and Ontario Premier Doug Ford. An unnamed source says the company will be eligible for federal tax credits worth in the low hundreds of millions of dollars, which will be part of the approximately $2.5-billion in federal subsidies announced for Honda's EV-making plans in Ontario. It will also receive financial support from Mr. Ford's provincial government, which is offering up to $2.5-billion for the series of Honda investments. Asahi Kasei says it will also receive funding from the Development Bank of Japan. Also in the Niagara region, Linamar is building Canada's first gigacasting factory -- capable of making large chunks of EV frames in one piece. General Motors also has EV-related plans in the region.

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