The 30-year veteran of BP will take up the role on August 1, 2020, replacing Nova’s outgoing leader Todd Karran.
To be manufactured by Canadian packaging supplier Cascades, the recyclable containers will replace containers made from virgin plastic.
The sale, for an undisclosed amount, includes two factories located in Puslinch, Ontario and Hope, British Columbia, along with a well in Erin, Ontario.
The former Canadian Plastics Industry Association has now officially become the Plastics Division of the Chemistry Industry Association of Canada, with a new vice president of the division to be announced in August.
This most recent investment from the Ontario government comes on the heels of $1.5 million in new funding that the government provided earlier this year.
The Calgary-based company has developed an HD-BOPE technology that will enable the replacement of BOPP or BOPET mixed material packaging films with all-polyethylene, recyclable multilayer film structures.
Small business confidence rose slightly in June to 54.6 points on the Canadian Federation of Independent Business Business Barometer, two points higher than May’s reading but still well below historical norms.
The Quebec-based injection mold designer and manufacturer is one of three Canadian companies receiving a total of $6 million in funding from supercluster Next Generation Manufacturing Canada.
The Vaughan, Ont.-based auxiliary equipment supplier is the new distributor for size reduction technology specialist Rapid Granulator in the Canadian provinces of Ontario, Manitoba, Saskatchewan, Alberta, and British Columbia.
The expansion of the Highland Park plant will generate US$35.4 million in private investment and create 480 jobs.
In a departure from making automotive components, MPC’s Shield-U face shield, developed in conjunction with medical device maker Sterling Industries, is a Class 1, Health Canada-approved medical device.
With facilities in Aurora, Ont. and Lakeville, Minn., Genpak manufactures die-cut rollstock and pouches, as well as paper-based laminations.
Karran joined Nova in 1985, and has served as president and CEO of the Calgary-based chemical maker since 2015.
The acquisition of Mississippi-based Rheogistics will expand IGI’s presence in the rigid PVC market and add to its wax manufacturing and blending facilities.
Nova’s new 2019 Sustainability Report highlights four areas of the Calgary-based company’s long-term strategy: circular economy, citizenship, climate care, and sustainability in operations.
The equipment acquired will be used for converting plastic scrap recovered from sorting facilities and other commercial, industrial, and agricultural sources into recycled plastic granules.
The April decline was much deeper than many analysts had been expecting.
The ban was set to take effect on Aug. 1, but has been suspended until the state of emergency in Saskatchewan is over.
Four Canadian small businesses will receive grants totalling $2 million from the Canadian government.
The Vaughan, Ont.-based company has been appointed as Stirling’s exclusive representative for its Sterling line of auxiliary equipment for the injection molding and blow molding industries.