By the reports of Global Post, a large number of auto-parts companies of North America bankrupted, applied bankruptcy and would run bankruptcy procedures. More than 10,000 lost their jobs during this period. However, Linamar, Magna and Martinrea which located in Ontario, Canada performed well under such market situation. They are endeavoring to expand production capacities energetically and accepting orders transferred from other companies. The insiders analyzed that expected slow-down would lead new round industry integration.
Ontario is the largest automobile base in North America with the advantages of good quality, adequate and high-quality labors, preferential policies on tax and R&D, low transportation cost, geographical position and the supports from local government. There are 14 assembly factories, over 450 auto-parts manufactures and 135,000 workers and employees. Auto-part is the largest item of exported products to China. The export volume of 2005 is 275 million Canada dollars accounting for 19.6% and 9% of Ontario export volume and Canada export volume to China respectively. Moreover, 11 companies such as Magna and Linamar established manufacturing bases in China. 7 companies including Vannatter have sales business and more than 30 companies are extending their cooperation with Chinese partners.
All Rights Reserved. Do not reproduce, copy and use the editorial content without permission. Contact us: firstname.lastname@example.org.