sector: Industrials ·
industry: Industrial Machinery & Equipment ·
As of
24 Nov 2009
8.14CAD
Martinrea International Inc. (Martinrea) produces metal parts, assemblies and modules and fluid management systems focused primarily on the automotive sector. The Company is a Tier 1 automotive supplier and supplier to other industrial sectors. As of June 2008, the Company has 30 divisions across Canada, the United States, Mexico and Europe.
BRIEF: For the six months ended 30 June 2009, Martinrea International Inc.'s revenues decreased 47% to C$448.4M. Net loss totaled $20.3M vs. an income of C$21.2M. Revenues reflect significant production reduction in North American light vehicle platforms. Net loss reflects an increase in amortization of intangible assets, the presence of restructuring charge expenditure, a rise in amortization of property, plant & equipment expenditure.
Martinrea International Inc
30 Aviva Park Drive,
Vaughan ON L4L 9C7
P: +1416.7490314
F: +1905.2642937