Magna raises sales outlook for 2012by 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.
Magna enhances seating capabilities with German purchaseby 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.
Magna to open new Arizona manufacturing plantby Canadian Plastics
Canadian auto parts supplier Magna International Inc. is opening a plant in Phoenix, Ariz, to make parts for solar panels.
Japan’s Teijin to build pilot plant for manufacture of carbon fibre compositesby 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.
Magna to buy BDW’s four aluminum die casting operations, launch E-Car project with GMby Canadian Plastics
It’s been a busy week for auto parts maker Magna International.
From coconut husks to car partsby Canadian Plastics
It might be the most novel use of a coconut since Gilligan and the Professor transformed one into a radio.
SPE hands out annual Automotive Innovation Awardsby Canadian Plastics
The Society of Plastics Engineers (SPE) announced the winners – Canadian shops among them – of its 41st-annual Automotive Innovation Awards Competition, the oldest and largest recognition event in the automotive and plastics industries.
Magna reports more sales but lower earningsby Canadian Plastics
Despite higher revenue, Canadian auto parts maker Magna International Inc.’s third-quarter 2011 earnings fell 62 per cent – a decline the company attributed to execution problems in Europe.
Magna sets up new China facilityby Canadian Plastics
Canadian auto parts maker Magna International Inc. continues to expand in China with the construction of a new manufacturing facility in northern China’s Tianjin municipality.
Accelerating production on brake pedal modulesby Canadian Plastics
While a lot of manufacturers were hunkering down during the depths of the Great Recession of 2009, injection molder KSR International decided it was time to invest to beef up its throughput of automotive brake pedal modules, electronic sensors,…
ABC Group expands relationship with Japan’s Inoacby Canadian Plastics
Toronto-based Tier One auto parts supplier ABC Group Inc. has signed a global alliance agreement with Japan’s Inoac Corporation, designed to target global customer programs and strengthen global capabilities by leveraging complementary…
SABIC buys stake in German automotive joint ventureby Canadian Plastics
In a bid to expand its portfolio of lightweight materials, supplier SABIC Innovative Plastics has entered into an agreement to purchase an equity stake in Inpro, a joint venture dedicated to collaborative innovation in automotive production.
Woodbridge Group, Summa Group partnering on EPP facility in Mexicoby Canadian Plastics
In an expansion of its partnership with polyurethane supplier Summa Group, Mississauga, Ont.-based auto parts molder The Woodbridge Group is establishing a joint venture in Leon, Mexico.
Bio-chemical plant coming to Sarniaby Canadian Plastics
A multi-million-dollar bio-industrial plant is slated to be built in Sarnia, Ont.
Magna gets Ontario funding to develop electric vehicle technologyby Canadian Plastics
In a move to advance “green” engineering in the automotive industry, parts supplier Magna International Inc. and the Ontario government will invest more than $430 million to research and develop electric vehicle (EV) technology.
GM develops new solvent-free part painting technologyby Canadian Plastics
Claiming to solve what it calls an “industry-wide challenge”, auto giant General Motors is introducing a flame treatment technology that lets paint stick to plastic vehicle parts like instrument and door panels without using primers that…
Ontario injection molder gets $1 million loan from province for auto parts lineby Canadian Plastics
Ontario-based injection molder Novo Plastics Inc. has received $1 million in support for an innovative car parts line. The money, in the form of a loan facility, is provided by the Ontario Ministry of Innovation through its Innovation…
Saint-Gobain acquires Solar Gard specialty films from Bekaertby Canadian Plastics
Saint-Gobain Performance Plastics Corp. has signed an agreement with Belgium-based materials and coatings company Bekaert to buy Bekaert’s specialty films business, which operates under the name Solar Gard Specialty Films.
Magna expands in Chinaby Canadian Plastics
Magna Exteriors and Interiors, an operating unit of Aurora, Ont.-based auto parts maker Magna International Inc., is forming a joint venture to buy an existing Chinese injection molding and painting facility located in Wuhu, a city in the Anhui…
GM to build Cadillac sedans in Oshawa, Ont. plantby Canadian Plastics
General Motors has announced plans to invest $117 million to prepare its assembly plant in Oshawa, Ont. to build the new Cadillac XTS sedan next year.