Four Canada-based auto parts makers find themselves on the 2021 Automotive News Top 100 Global Suppliers List.
The list, released Monday, tracks sales to automakers from the previous year.
Magna International Inc., Linamar Corp., Martinrea International Inc. and Multimatic Inc., landed on the list. All four companies were on the list a year ago.
Magna International Inc., based in Aurora, Ont., fell one spot to fourth on the list. It’s the only Canadian company in the top five.
Magna, North America’s largest supplier saw 21-year company veteran Don Walker announce his retirement as CEO in October. Magna reached $32.65 billion (all figures in USD) in sales to automakers last year, even with a 17-per-cent decline in sales from 2019.
Closer to home, Magna came in as the top supplier in North America. It was Europe’s third-largest supplier, down one spot from last year.
Not surprisingly, the 2021 Automotive News Top Suppliers ranking of the industry’s biggest producers of original equipment content for automakers shows that the vast majority of major parts companies posted sales declines in 2020. But equally notable: In many cases, the flurry of business punches taken by suppliers last year did relatively minor revenue damage.
Here is how the other Canadian companies in the top 100 fared:
- Linamar Corp. of Guelph, Ont. retained its position at No. 60 on the list with $3.2 billion in sales, down from $3.85 billion a year ago;
- Martinrea International Inc. of Vaughn, Ont. climbed a few rungs up the ladder, landing at No. 73, up from No. 77 last year. It posted $2.44 billion in sales, down from $2.8 billion in 2019;
- Multimatic Inc. of Markham, Ont., edged up one spot to No. 96, with an estimated $1.06 billion in sales. That was down from the $1.6 billion the year before.
Linamar managed to rise two spots to No. 47 on the list of top suppliers to Europe and inched up one spot to No. 35 on the list of top suppliers to North America.
Martinrea, meanwhile, moved up to No. 33 from 38 on the list of suppliers to North America.
Robert Bosch and Denso Crop. remained the top two suppliers, but ZF Friedrichshafen managed to spring into third spot, up from fifth a year ago. Aisin Corp., which was sixth on the list last year rounded out the top five. Continental fell to sixth from fourth.
With files from Automotive News.
