Daily News

GM invests $449M in Michigan electric vehicles facilities

General Motors has announced a US$449 million investment to upgrade manufacturing processes at its Detroit-Hamtramck Assembly and Brownstown Battery Assembly plants in Michigan, to support the next generation of electric vehicles and battery...
Apr 9, 2014 4:17PM

Clariant, Ashland sell JV to private equity firm Rhone

Specialty chemical makers Clariant and Ashland Inc. are selling their Germany-based joint venture ASK Chemicals to private equity firm Rhone.
Apr 8, 2014 5:16PM

Recycling of plastic film still growing: report

Recycling of post-consumer film packaging hit 1.02 billion pounds in 2012 – an increase of 56 per cent since 2005, but just 1 per cent since 2011, according to new figures from the Plastics Division of the American Chemistry Council (ACC).
Apr 8, 2014 3:42PM

Magna investing $1.5M in Ontario closures plant, adding 75 jobs

Canadian auto parts supplier Magna International Inc. is investing $1.5 million and adding 75 jobs at a plant north of Toronto as part of an expansion of its closures division.
Apr 7, 2014 10:55AM

Evonik opening two research sites to focus on medical devices

Specialty chemical maker Evonik Corp. is expanding its medical devices portfolio with a pair of research facilities slated to open early this month.
Apr 7, 2014 10:32AM

Canada's jobless rate drops below 7%, matching post-recession low

Canada’s economy created an unexpectedly high 42,900 net new jobs in March, according to a new Statistics Canada report, which drove the unemployment rate to 6.9 per cent to match a post-recession low.
Apr 6, 2014 12:05PM

Protoplast diversifies with purchase of consumer products business

Cobourg, Ont.-based custom molder Protoplast Inc. has purchased consumer product maker ET Industries, which is headquartered in Toronto.
Apr 3, 2014 2:10PM

Light vehicle sales in Canada mostly flat in March

Light vehicle sales in Canada were flat for automakers overall in March, as an increase in light truck sales was offset by a drop in passenger cars.
Apr 2, 2014 2:04PM

Founding family of Mega Brands to receive $74M in Mattel deal

The founding family of Canadian toy maker Mega Brands Inc. will receive more than $74 million if the company’s sale to global giant Mattel Inc. is approved by shareholders at the end of the month, according to a regulatory filing.
Apr 2, 2014 12:36PM

Stratasys to acquire 3D printing providers Solid Concepts and Harvest Technologies

3D printing and additive manufacturing machines maker Stratasys Ltd. is buying two privately-held players in the additive manufacturing field.  
Apr 1, 2014 12:09PM

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