Daily News

Canada Pension Plan sells Air Distribution unit to Johnson Controls for $1.6 billion

The body that manages investments for the Canada Pension Plan has agreed to sell Air Distribution Technologies Inc. to Johnson Controls in a deal worth approximately $1.6 billion.
Apr 15, 2014 12:35PM

U.S. equipment firm Kingsbury Corp. buys Negri Bossi

Italy-based Sacmi Group has sold its plastics division – including the Negri Bossi injection molding machine brand – to U.S. machinery firm Kingsbury Corporation.
Apr 14, 2014 3:07PM

"Modest upturn" expected for global trade in 2014: WTO

There will be a 4.7 per cent growth in global trade in 2014 and a slightly faster rate of 5.3 per cent in 2015, according to economists with the World Trade Organization (WTO).
Apr 14, 2014 1:14PM

Lanxess opens new compounding plant in Brazil

Materials supplier Lanxess has officially opened its thermoplastics compounding facility at the company’s site at Porto Feliz, Brazil.
Apr 13, 2014 10:15AM

Stratasys buys materials specialist Interfacial Solutions

On the heels of its purchase of two additive manufacturing service providers, 3D printing and additive manufacturing machines maker Stratasys Ltd. has acquired U.S.-based plastics materials specialist Interfacial Solutions LLC.
Apr 11, 2014 3:11PM

Most small businesses unprepared for lower Canadian dollar: survey

Most small businesses have no plan to deal with the impact of a falling loonie on their bottom line and are instead taking ad hoc steps like reducing costs or altering prices, according to a new poll by the Canadian Imperial Bank of Commerce...
Apr 9, 2014 4:30PM

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

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