Global auto industry in good shape: Scotiabank
Global auto sales picked up the pace again in October, as a 33 per cent surge in China drove overall volumes nine per cent above 2012 levels, according to a new report from Scotiabank.
Year-over-year growth for Canadian auto sales continued in November
Canadian auto sales posted another strong month in November, rising 6.5 per cent over the same month last year.
Motion Industries (Canada) to acquire industrial distributor Commercial Solutions
Industrial parts distributor Motion Industries (Canada) Inc. is acquiring Edmonton-based industrial distributor Commercial Solutions Inc. for almost $22 million.
CAPC issues new “Call to Action” plan for Canadian auto industry
Following an original “Call to Action” 10 years ago, the Canadian Automotive Partnership Council (CAPC) has issued a new “Call to Action” for the Canadian industry, to combat what it now sees as shrinking capital…
DuPont to sell glass-laminating products business
Japan’s Kuraray Co. Ltd. will buy DuPont’s Glass Laminating Solutions/Vinyl unit, which supplies polyvinyl butyral and ionomer sheets for safety glass and vinyl acetate monomer and polyvinyl alcohol for automotive, architectural, and…
Montreal’s Protech Powder buys Ohio-based NPA Coatings
Protech Chemicals Ltd. has finalized its acquisition of NPA Coatings (NPAC) powder coating division, a subsidiary of Nippon Paints Japan.
October auto sales up in Canada over 2012: DesRosiers
Canadian auto and truck sales last month increased 7.4% from one year ago, according to data compiled from DesRosiers Automotive Consultants.
Greater demand for airplanes pushes U.S. factory orders higher
A big jump in demand for commercial aircraft pushed orders to American factories up in September after two months of declines – but businesses still cut back sharply on orders for machinery and other goods, in a move that may signal fears…
Tooling capacity inadequate to support projected auto launch demand: report
There will be a vendor tooling capacity constraint within the North American automotive industry by 2018, according to a new report by research firm Harbour Results Inc.
Magna revenue up 13% to US$8.3 billion in Q3 2013
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: MATERIALS
$55M automotive, construction biomaterials program launched
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 Tennessee
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 Siberia
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 Mexico
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 September
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 moon
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 Mexico
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 billion
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 August
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.