GF Linamar, a joint venture between GF Automotive and Linamar, has been awarded a large order from a unnamed US manufacturer to produce lightweight magnesium components.
The value of the contract amounts to a total of around US$300m for a five-year period. The order consists of cross car beams for a new pickup model.
Go deeper with GlobalData
The components made of magnesium will be produced from 2020 onwards at the new plant in Mills River, North Carolina. The plant, which GF will operate together with Canadian joint venture partner Linamar will officially be opened next month.
The order is another milestone in the expansion of GF’s presence in the North American market and for implementing its 2020 strategy.
GF Automotive is a supplier and manufacturer of components for passenger cars, trucks and industrial applications.
The division provides casting solutions based on iron, aluminium and magnesium at eleven production plants in Germany, Austria, China and the US.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
