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Linamar monitoring European situation: CEO

BNN.ca staff
11:00 AM, E.T. | November 10, 2011
Industrials

Tags: Linamar

Auto parts maker Linamar Corp. (LNR-T) reported a third quarter adjusted profit of $41.2 million, a 44-percent increase from a year ago.

Chief Executive Officer Linda Hasenfratz tells BNN he is monitoring the situation in Europe, where Linamar has 8 factories.

"There is potential for volumes -- in a best case -- to really be flat and in all likelihood to decline," Hasenfratz says.

"The best way to surf over that is too have a lot of new business that we're launching and sustain the growth that we have in Europe."