5 Canadian companies on the 2022 Automotive News Top 100 Global Suppliers List


5 Canada-primarily based vehicle elements makers discover them selves on the 2022 Automotive News Prime 100 Global Suppliers List.

The checklist, launched Monday, tracks revenue to automakers from the past yr.

Magna Intercontinental Inc., Linamar Corp., Martinrea Worldwide Inc., Multimatic Inc., and ABC Systems landed on the listing. All but ABC Systems had been on the list a 12 months in the past.

Magna Worldwide Inc., primarily based in Aurora, Ont., remained fourth on the list. It is the only Canadian corporation in the leading five.

Magna experienced sales of $36.2 billion (all figures in USD) to automakers all over the world, up 11 per cent over 2020. The firm was also North America’s biggest provider.

In spite of the boost, Magna has been chatting with automakers about techniques to strike a better stability fiscally.

“We proceed our discussions with clients at a variety of concentrations almost on a day-to-day foundation,” Magna CEO Swamy Kotagiri stated during a phone with analysts in April.

He reported talks amongst Magna, the biggest North American auto supplier, and automakers have been “open up and clear” but in some cases “difficult.”

“Likely forward, we will consider to reflect the new economics in our primary markets in North The usa and Europe,” Kotagiri said. “Inflation has been stable and modest for a prolonged time, as an instance, but now it’s high. … We are seeking at unique preparations likely forward to see how we can get better the elevated expenditures.”

Below is how the other Canadian providers in the best 100 fared:

  • Linamar Corp. of Guelph, Ont., moved up to six places to 54 from 60 on the listing with $3.7 billion in product sales, up from $3.2 billion a 12 months ago
  • Martinrea Intercontinental Inc. of Vaughn, Ont. climbed 10 rungs up the ladder, landing at No. 63, up from No. 63 last yr. It posted $2.95 billion in gross sales, up from $2.44 billion in 2019
  • Multimatic Inc. of Markham, Ont., edged up just one spot to No. 95, with an approximated $1.19 billion in income. That was up from the $1.06 billion the calendar year before.
  • ABC Systems of Toronto came in at No. 97 immediately after missing the top rated 100 a yr in the past. It did $971 million in income, up from the $823 million in 2020.

Robert Bosch and Denso Crop. And ZF Friedrichshafen all managed to sustain the top 3 places, respectively.

With data files from Automotive News.


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