Magna revenue up 13% to US$8.3 billion in Q3 2013by Canadian Plastics
Automotive parts maker Magna International reported stronger-than-expected third-quarter results amid strong growth in North American vehicle production and a modest improvement in Europe.
K 2013 WRAP UP: MATERIALSby Canadian Plastics
$55M automotive, construction biomaterials program launchedby Canadian Plastics
In a bid to cut down on the use of traditional petroleum-based polymers, Canada’s federal government is launching a biomaterials program to accelerate the development of green vehicles and buildings.
Nylon maker Invista adds compounding capacity in Tennesseeby Canadian Plastics
Nylon 6,6 maker Invista Engineering Polymers has added a new 22,000-ton compounding capacity to it manufacturing site in Chattanooga, Tenn.
Russia’s Tobolsk-Polymer opens massive polypropylene plant in Siberiaby Canadian Plastics
Production has started at what is said to be one of the world’s biggest polypropylene factories, near Tobolsk in the Tyumen region of Russia, an event that may transform Russia from an importer to exporter…
Canadian molder Mitchell Plastics expands into Mexicoby Canadian Plastics
Canadian automotive parts molder Mitchell Plastics is expanding into Mexico, with the construction of a new manufacturing facility in Queretaro.
Automakers report increased Canadian sales for cars, trucks in Septemberby Canadian Plastics
Consumer demand for cars and light trucks remained strong in September, Canadian automakers say, with most reporting significant year-over-year sales increases.
Space probe finds plastic ingredient on Saturn’s moonby Canadian Plastics
NASA’s Cassini spacecraft has found propylene, a chemical used to make household plastic containers, on Saturn’s moon Titan, the space agency said.
Magna opens two new facilities in Mexicoby Canadian Plastics
Automotive parts supplier Magna International Inc. has opened two new auto supply facilities in the Mexican state of Coahuila.
Chemicals firm Huntsman buying Rockwood businesses for $1.1 billionby Canadian Plastics
Chemical maker Huntsman Corp. will pay US$1.1 billion in cash to buy two businesses from Rockwood Holdings that it said will make its pigments business more competitive.
Auto production leads U.S. factory output rise in Augustby Canadian Plastics
American factories increased output in August by the most in eight months, helped by a robust month at auto plants – a hopeful sign that manufacturing could help boost economic growth in the second half of the year.
Canadian auto sales accelerate to record pace in Augustby Canadian Plastics
Canadian auto sales hit a record pace in August, jumping 6.5 per cent compared with last year, according to data compiled by DesRosiers Automotive Consultants.
Schulman buys Perrite Group to boost its engineered plastics business in Asiaby Canadian Plastics
U.S.-based global supplier of high-performance plastic compounds and resins A. Schulman Inc. has acquired the Perrite Group, a thermoplastics manufacturing business with operations in Malaysia, the UK and France, for approximately US$52 million.
Ford moves Fusion sedan production to Michigan, considers more U.S. productionby Canadian Plastics
For the first time, Ford Motor Co. has moved production of its Fusion sedan from Mexico to the U.S.
Canada’s auto parts production growth to stall in 2013: CBOCby Canadian Plastics
Following a strong year in 2012, production in Canada’s auto parts manufacturing industry will slow significantly this year, according to The Conference Board of Canada’s Canadian Industrial Profile.
U.S. factory production down in July, reflecting drop in auto outputby Canadian Plastics
Output at factories in the U.S. declined slightly in July, reflecting what analysts say is a drop in auto production.
Magna looking to partner in emerging marketsby Canadian Plastics
Auto parts maker Magna International Inc. is looking for acquisitions in Asia or Eastern Europe, after facing challenges at its South American operations.
Chrysler’s Canadian production numbers so-so in Julyby Canadian Plastics
Chrysler’s Canadian manufacturing unit produced about 1,000 more cars and trucks last month than it did in July 2012, according to numbers released by the automaker.
BASF wins vehicle lightweighting awardby Canadian Plastics
A thermoplastic seat pan structure developed by chemical supplier BASF Corporation has won the first Altair Enlighten Award, honoring vehicle lightweighting efforts across the automotive industry.
GM investing additional $167 million in Tennessee plant for new vehiclesby Canadian Plastics
Auto maker General Motors plans to spend US$350 million to support new vehicle production at its Tennessee assembly plant, an increase of US$167 million more than originally planned.