August 3, 2012 News

Auto sales in Canada up 4.7% in July

by Canadian Plastics

Fuelled by incentive programs and a strong surge at Japanese automakers whose production was crippled after last year’s earthquake and tsunami, Canadian auto sales grew 4.7% this July from a year earlier.

July 9, 2012 News

Record year possible for Canadian auto sales: BMO

by Canadian Plastics

With Canadian auto sales setting a June record and the first half of the year close to the best six-month stretch on record, sales for all of 2012 will challenge the all-time mark of just over 1.7 million units set in 2002, according to BMO…

July 6, 2012 News

Dow Automotive opens two technology centres

by Canadian Plastics

Dow Automotive Systems, a business unit of The Dow Chemical Company, has opened two new composite technology centres, one in Switzerland and the second in the U.S.

June 29, 2012 News

North American auto assembly will slow over the summer, recover by winter: Scotiabank

by Canadian Plastics

North American auto assembly will slow down over the coming months but production is expected to rebound by the end of 2012, according to a new report by Scotiabank Economics.

June 16, 2012 News

SPE holding new composite auto parts competition

by Canadian Plastics

The Society of Plastics Engineers (SPE) will hold its first ever parts competition at this year’s SPE Automotive Composites Conference & Exhibition in September.

May 24, 2012 News

Dow Chemical awarded US$2.16 billion in arbitration with Kuwait company

by Canadian Plastics

An international arbitration panel has ruled that Dow Chemical Co., the largest U.S. chemical maker by sales, is to be awarded US$2.16 billion in damages after a Kuwait company canceled a 2008 agreement to buy a stake in the company’s…

May 12, 2012 News

Magna reports stronger-than-anticipated earnings in Q1 2012

by Canadian Plastics

Canadian auto parts maker Magna International Inc. reported first quarter 2012 earnings and sales that exceeded year-earlier results, and the expectations of analysts, on stronger North American vehicle production.

April 26, 2012 News

PA-12 resin shortage won’t impact auto industry: execs

by Canadian Plastics

Executives from some key auto parts companies said that they don’t expect widespread fallout from a shortage of a key ingredient in plastic resin following a German factory explosion.

March 15, 2012 News

Magna to build car seat cover factory in Serbia: report

by Canadian Plastics

Magna Seating, a unit of Canada-based auto parts maker Magna International, will build a car seat cover factory in northern Serbia, the country’s investment promotion agency said.

March 4, 2012 News

GM puts the brakes on Volt production for five weeks

by Canadian Plastics

Automaker General Motors Co. (GM) has halted production of its much-hyped Chevrolet Volt electric car for five weeks due to slow sales.

February 26, 2012 News

Magna reports strong 2011

by Canadian Plastics

Magna International Inc., North America’s largest auto parts supplier, said fourth-quarter profit in 2011 jumped 42 per cent as car and light-truck production increased in the region.

February 4, 2012 News

Magna opens US$20 million car seat plant in Kentucky

by Canadian Plastics

Magna Seating, a wholly-owned operating unit of Aurora, Ont.-based automotive components manufacturer Magna International Inc., has officially opened its new facility in Shepherdsville, in Kentucky’s Bullitt County.

February 1, 2012 News

Lanxess expands in India to service auto sector

by Canadian Plastics

In a bid to service India’s growing automotive industry, specialty chemical supplier Lanxess AG is expanding its compounding plant in Jhagadia, Gujarat state.

January 23, 2012 News

GM back on top as world’s best-selling automaker

by Canadian Plastics

General Motors Co. regained its title as the world’s top-selling automaker in 2011, less than three years after its 2009 taxpayer-funded bankruptcy.

January 18, 2012 News

BASF to build new TDI plant in Germany

by Canadian Plastics

Chemical supplier BASF plans to invest 1 billion euros (US$1.27 billion) at its German headquarters in Ludwigshafen to boost its polyurethane foam chemicals capacity.

January 11, 2012 News

Magna raises sales outlook for 2012

by Canadian Plastics

Canada’s Magna International Inc., one of the world’s biggest auto parts manufacturers, is raising sales predictions by as much as eight per cent in 2012 as it looks to new markets for growth.

January 5, 2012 News

Magna enhances seating capabilities with German purchase

by Canadian Plastics

Canadian automotive parts supplier Magna International Inc. is expanding its seating business, and also its European footprint, by purchasing a Germany-based maker of seats for buses and light trains.

December 14, 2011 News

Magna to open new Arizona manufacturing plant

by Canadian Plastics

Canadian auto parts supplier Magna International Inc. is opening a plant in Phoenix, Ariz, to make parts for solar panels.

December 1, 2011 News

Japan’s Teijin to build pilot plant for manufacture of carbon fibre composites

by Canadian Plastics

Japanese chemical supplier Teijin Ltd. has announced plans to establish the world’s first pilot plant for fully integrated production of carbon fibre reinforced thermoplastic (CFRTP) components.

November 20, 2011 News

Magna to buy BDW’s four aluminum die casting operations, launch E-Car project with GM

by Canadian Plastics

It’s been a busy week for auto parts maker Magna International.