Martinrea International Inc. Company Research Report
Company Overview
Name
Martinrea International Inc.
Mission of the Company
Making lives better by being the best supplier we can be in the products we make and the services we provide.
Founded
- Founded in 2001 when Royal Laser changed its name to Martinrea International Inc.
Founders
No information is available.
Key People
- Executive Chairman: Rob Wildeboer
- President and Chief Financial Officer: Fred Di Tosto
- Director of Investor Relations and Corporate Development: Neil Forster
Headquarters
- 3210 Langstaff Road, Vaughan, Ontario, CANADA L4K 5B2
Number of Employees
Approximately 19,000
Revenue
No information is available.
Known For
Martinrea is known for developing and producing:
- Quality metal parts, assemblies, and modules
- Fluid management systems
- Complex aluminum products
Products
1. Propulsion Systems
Martinrea is a global leader in propulsion solutions, committed to driving vehicle advancements through innovative engineering and R&D.
Key Features
- "Cap-less to engine" systems
- Designs focus on delivering power and performance
2. Flexible Manufacturing
Provides just-in-time manufacturing and vertical integration expertise to their global customers.
Key Features
- Capable of complex assemblies for agriculture, medium-duty trucks, and aerospace industries
- Expertise in flexible welding, blasting, and painting capabilities.
3. Lightweight Structures
Martinrea offers solutions to lower emissions, vehicle weight, and fuel consumption.
Key Features
- Includes products like chassis, body-in-white solutions, and battery trays.
- Use of steel, aluminum, and composites to achieve lightweight solutions.
Recent Developments
Recent Company Financial Results
- Martinrea International Inc. reported strong second-quarter financial results ending June 30, 2024.
- Declared a quarterly dividend of $0.05 per share.
New Presentations
- Presented at J.P. Morgan Auto Conference in New York, discussing general business and strategy.
Awards
- 2024 APEX Award for Publication Excellence for their 2023 Sustainability Report
Upcoming Announcements
- Announced upcoming financial results for the second quarter to be released and discussed on August 6, 2024.
Annual General Meeting
- Conducted the annual general meeting on June 13, 2024, where several directors were re-elected by substantial majority votes.
- Advisory "say on pay" received 97.93% support.
Sustainability Report
- Published the 2023 Sustainability Report, which won the 2024 APEX Award.
- The report details their performance on Environmental, Social, and Governance (ESG) issues.
New Partnerships
No information is available.
Newly Launched Products
No information is available.
New Features Added to Existing Products
No information is available.
Conclusion
No information is available.
