UPDATE 2-Linamar targets $10 bln in sales by 2020

Newswire

(Recasts. In U.S. dollars unless noted) By Amran Abocar GUELPH, Ontario, Jan 19 (Reuters) - Linamar Corp. , the Canadian auto-parts maker, on Monday said it intends to generate $10 billion in sales by 2020, a plan that will require making heftier acquisitions than it has typically done. To achieve that target, the company has to notch up sales and earnings growth of 20 percent a year in the near term -- over the next five years -- before ramping down to 10 to 15 percent growth, it ...

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