Canadian Plastics

Category
Automotive

News
April 23, 2019  

Magna invests $11.3 million to build new mirrors facility in Morocco

The 61,400-square-foot facility in Kenitra represents an investment of $11.3 million by Magna and is expected to be operational by spring 2020.

News
April 8, 2019  

Borealis beefs up automotive compounds capacity in North America

Chemical supplier Borealis AG has announced that its new

News
April 4, 2019  

Canadian auto sales down in March: Scotiabank

Scotiabank also forecasts that auto sales in Canada will fall to 1.93 million units delivered in 2019.

News
March 27, 2019  

Engel opens second location in Mexico

Located in San Pedro near Monterrey, this second location is situated in an automotive manufacturing region.

News
March 26, 2019  

Weak early-year auto sales in China, while Europe rebounds: Scotiabank

Sales in Canada continued to decline in February, a new report by Scotiabank said, marking the twelfth year-on-year decline in a row off record February sales a year prior.

News
March 4, 2019  

Canadian auto purchases rose in February: Scotiabank

Auto sales in the U.S. fell for a second consecutive month, a new report from Scotiabank also said.

News
February 26, 2019  

Weak sales in China drag down global auto market: Scotiabank

Excluding China, Scotiabank’s most recent Global Auto Report says, vehicle purchases fell by 3 per cent year-over-year worldwide.

News
February 20, 2019  

Kistler opens Canadian office in Mississauga, Ont.

Swiss-based Kistler Group, a supplier of measurement technology, has opened its first Canadian location, a new sales centre near Toronto.

News
February 15, 2019  

Ontario announces $40 million for auto sector plan

The announcement is part of a 10-year plan for strengthening the auto sector’s competitiveness.

News
February 5, 2019  

Canadian auto sales down in January: Scotiabank

Vehicle purchases in the U.S. also dropped in January, a new report from Scotiabank said, as sales activity rebalances from strong gains in late-2018 and adverse weather conditions keep buyers at bay.

News
February 5, 2019  

Autoparts maker Brose to cut 100 jobs at Ontario operations

The Germany-based company says it is adjusting production capacity at its London, Ont. manufacturing facility to meet shifting customer demand as the market moves away from passenger cars towards SUVs and crossovers.

News
January 30, 2019  

Global auto sales declined in 2018: Scotiabank

But despite posting a decline relative to 2017, the Canadian auto market posted its second best year on record, a new report from Scotiabank said.

News
January 16, 2019  

Inteva workers walk off job in Ontario in protest of upcoming GM plant closure

Inteva’s plant in Whitby, Ont. supplies components such as headliners, floor consoles, and instrument panels for the Chevrolet Impala and Cadillac XTS.

News
January 16, 2019  

Magna expects 2019 sales to be hurt by a variety of factors

The auto parts maker anticipates that the strong U.S. dollar, the sale of its fluid pressure and controls business, and GM plant closures will negatively impact its bottom line this year.

News
January 7, 2019  

Canadian vehicle sales down in December: Scotiabank

But auto purchases in the U.S. recorded their highest one-month total since October 2017, the new report from Scotiabank said.

News
January 4, 2019  

Revere Plastics buys assets of auto parts molder Sur-Flo

Headquartered in Fraser, Mich., Sur-Flo has 35 injection molding presses ranging from 45 to 3,300 tons, and serves automotive OEM and Tier 1 customers.

News
December 27, 2018  

World auto sales growth stalls in 2018: Scotiabank

Vehicle purchases in Canada in November fell below 1.9 million annualised units for the first time since late-2016, Scotiabank said, but sales are still on track for their second-highest year on record in 2018.

News
December 23, 2018  

Cooper Standard building new global HQ in Michigan

To be completed in 2020, the new 110,000-square-foot building in Northville, Mich. will house approximately 400 employees.

News
December 18, 2018  

Magna buying Spanish automotive seat maker Viza Geca SL

The acquisition gives Magna four new facilities and more than 1,100 new employees.

News
December 14, 2018  

Magna opens mechatronics center in China

The new engineering center will support the growing vehicle accessibility market in China.

News
December 5, 2018  

Auto purchases in Canada fell sharply in November: Scotiabank

A sharp drop in Detroit Three sales pulled purchases below 1.9 million units for the first time in over three years, a new report from Scotiabank said.

News
December 3, 2018  

Magna launches new global automotive design competition

The competition calls for entries from students around the world, with the winner to be announced during the 2019 Los Angeles Auto Show.

News
December 2, 2018  

Weak sales in China drove global auto purchases down in October: Scotiabank

Canadian auto sales contracted by 1.9% year-over-year for an eighth consecutive month of annual declines in October, Scotiabank’s latest Global Auto Report says, but ticked up by 3.1% from September in seasonally-adjusted terms.

News
November 28, 2018  

Closure of GM’s Oshawa plant a big blow to Canadian supply industry: Unifor, APMA

Shuttering the Oshawa plant represents a loss of about 10 per cent of Canada’s auto parts industry, said APMA head Flavio Volpe.

News
November 26, 2018  

GM to shutter assembly plant in Oshawa, Ont.

The plant, which employs more than 2,500 workers, produces cars such as the Chevrolet Impala and the Cadillac XTS.

News
November 11, 2018  

Big gains forecast for global automotive plastic market: report

Spurred by rising disposable incomes and continuously changing lifestyles, the increasing production of cars and commercial vehicles will grow the global automotive plastic market at a CAGR of 11.91% from now until 2023, the new report from Research and Market said.

News
November 8, 2018  

Japanese auto parts maker Inoac fined $1.3 million for bid-rigging in Canada

An investigation found that Inoac entered into illegal agreements with a competing Japanese manufacturer to determine who would win certain calls for bids issued for parts for Toyota Corollas manufactured and sold in Canada between 2008 and 2014.

News
November 5, 2018  

Canadian auto sales fall 1.9 per cent in October: DesRosiers

Sales of passenger cars for several major auto companies dipped, a new report from DesRosiers said.

News
November 4, 2018  

Magna acquires motion-control software maker Haptronik GmbH

Germany-based Haptronik’s software will bolster Magna’s SmartAccess power door technology.

News
October 15, 2018  

Magna opens seating plant in Czech Republic to serve BMW in Europe

With a production area measuring 6,000 square meters, the plant has the capacity to produce more than 360,000 seat sets per year.

News
October 7, 2018  

Canadian vehicle purchases dropped in September: Scotiabank

But auto sales in the U.S. jumped to an annualised level of more than 17 million units in September, Scotiabank said, beating expectations.

News
October 6, 2018  

Magna sells its fluid pressure and controls business for $1.23 billion

The sale to South Korea-based Hanon Systems reflects Magna’s focus on being a “full-system supplier of transmission and other driveline-related systems,” Magna said.