Canadian Plastics


December 22, 2017 News

Magna realigns management structure and financial reporting segments

by Canadian Plastics

Aurora, Ont.-based Magna said the realignment will create four global, product segments. Additionally, the company plans to report quarterly sales and earnings for each unit beginning in 2018.

December 19, 2017 News

Tier 1 supplier Hella building new HQ in Michigan

by Canadian Plastics

The new, modernized facility will be at least 115,000 square feet and will address Hella’s company’s continued growth as well as provide flexibility to adapt to automotive marketplace shifts in the coming years.

December 8, 2017 News

North American auto production begins to rebound: Scotiabank

by Canadian Plastics

Global sales gains were moderate, Scotiabank said, as purchases decline temporarily in Asia.

December 6, 2017 CanPlastics TV

The 2017 SPE Automotive Innovation Awards

by Canadian Plastics
December 4, 2017 News

Canada’s record-setting vehicle sales pace “likely ended” in November: Scotiabank

by Canadian Plastics

Based on available data, Scotiabank’s latest Auto News flash says that Canadian sales declined two per cent year-over-year in November, ending the six-month streak of monthly records.

November 26, 2017 News

Magna expands mirrors capacity in Slovakia

by Canadian Plastics

Aurora, Ont.-based Magna is expanding into a larger plant for its mirrors business in Slovakia, and will also install a new automated paint line in the building.

November 26, 2017 News

Lanxess expanding compounding capability in China

by Canadian Plastics

Approximately 20 million euros will be invested in the new plant in Changzhou, Lanxess said; production will start in Q2 2019.

November 13, 2017 News

SPE names Automotive Innovation Award winners

by Canadian Plastics

Ford Motor Co. took home the top award for its entry in the body exterior category, a structural front-end module with loose layer construction on the 2018 Expedition.

November 11, 2017 News

Autonomous vehicle research centre opens in Ontario

by Canadian Plastics

Auto industry representatives and academics researching autonomous vehicles will work together at the Stratford, Ont. centre to further develop and demonstrate the technology.

November 7, 2017 News

North America automotive vendor tooling spending will hit $11 billion in 2018: report

by Canadian Plastics

Driven by the high level of North American vehicle launches predicted between 2018 and 2020, spending on automotive vendor tooling will reach a record high of US$11 billion next year, a new report from Harbour Results Inc. said.

November 5, 2017 News

Record-setting vehicle sales continued in October: Scotiabank

by Canadian Plastics

U.S. purchases defied expectations, Scotiabank also said, remaining at an annualized 18 million units last month.

October 31, 2017 News

Global auto sales accelerated during the summer: Scotiabank

by Canadian Plastics

Global car sales accelerated through the summer, a new report from Scotiabank said, with volumes advancing 4.5% above a year earlier in August, double the growth of the previous three months.

October 23, 2017 News

Magna forms e-powertrain joint venture in China

by Canadian Plastics

Canadian automotive parts supplier Magna International Inc. has entered into a joint venture agreement with Huayu Automotive Systems Co. Ltd. to produce an electric-drive powertrain system for a German automaker.

October 17, 2017 News

Ontario moldmaker Weber Manufacturing investing $7.9 million to expand its plant

by Canadian Plastics

The project will boost the plant’s capacity by approximately 30 per cent and create 17 new jobs.

October 17, 2017 News

Magna to build new $100 million paint plant in Slovenia

by Canadian Plastics

Aurora, Ont.-based Magna said the paint shop will support its contract manufacturing site in Graz, Austria, about 75 kilometres away.

October 16, 2017 News

Capital investment in Canada’s auto sector well below pre-recession levels: report

by Canadian Plastics

The report from DesRosiers Automotive Consultants says investment has been almost cut in half, noting “Canada’s loss of investment market share to Mexico and the southern U.S. over this period has been well documented.”

October 10, 2017 News

Magna joins BMW, Intel in self-driving vehicle development

by Canadian Plastics

The core partners are developing the self-driving platform for an application in 2021.

October 3, 2017 News

Canadian vehicle sales remained “hot” in September: Scotiabank

by Canadian Plastics

U.S. purchases rebounded to a cycle-high in September, Scotiabank said.

October 2, 2017 News

Magna sweeps SPE Automotive Composites Conference awards

by Canadian Plastics

A carbon fiber subframe won for process innovation, a reclaimed carbon fiber body panel won for materials innovation, and both products tied for the People’s Choice award.

September 25, 2017 News

Magna opens new Shanghai engineering centre

by Canadian Plastics

The centre will deliver the latest mirror and vision systems technologies to Asian markets.