Canadian Plastics

Category
Economy

News
May 18, 2019  

U.S. lifts steel and aluminum tariffs on Canada and Mexico

After having been in place for almost a year, the tariffs – 25 per cent on imports of steel and 10 per cent on aluminum – will be removed by May 19.

News
April 12, 2019  

Tool & die industry off to slow start in 2019: report

In the first quarter 2019, the study said, mold shops experienced a slight utilization increase of 2% compared to Q4 2018 (77% to 79%), while die shop utilization dropped drastically from 85% to 74% in the same time frame.

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 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 27, 2019  

American moldmakers generally positive about business outlook: survey

But only half of the moldmakers surveyed by the American Mold Builders Association believe business conditions in Q1 will increase, and only 10 per cent think their business will increase substantially over the next 12 months.

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 22, 2019  

Plastics machinery shipments finished strong in 2018

Shipments of injection molding and extrusion machinery in North America increased in the fourth quarter 2018, according to the statistics compiled and reported by the Plastics Industry Association’s Committee on Equipment Statistics.

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 12, 2019  

Clariant increased sales, profitability and operating cash flow in 2018

Clariant’s plastics & coatings division increased sales by one per cent, with particularly strong regional expansion in Latin America.

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
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 17, 2019  

Petrochemical growth spurt bodes well for Canada’s plastics industry

Canada’s capital spending on industrial chemical industry projects is expected to jump by 65 per cent in 2019.

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 10, 2019  

U.S. plastics shipments, jobs rose in 2017: report

The U.S. plastics industry accounted for an estimate of $432.3 billion in shipments and 989,000 jobs in 2017, according to the 2018 Size & Impact Report, an annual publication of the Plastics Industry Association.

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
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 7, 2018  

North American plastics machinery shipments up 4 per cent in Q3 2018

The sales figures are compiled by the Plastics Industry Association’s Committee on Equipment Statistics.

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  

North American plastics industry associations support USMCA signing, urge ratification of the deal

And the American Chemistry Council is also calling on U.S. President Donald Trump to use the agreement to cancel tariffs on steel and aluminum.

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 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 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
October 24, 2018  

Ontario to cap minimum wage at $14 an hour

The Ontario government said new rules – which will link future minimum-wage increases to the inflation rate and reduce the number of personal leave days – will help cut red tape and encourage business investment.

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 1, 2018  

Canada, U.S. reach new trade deal to replace NAFTA

The agreement provides increased access to Canada’s dairy market for U.S. producers, limits the number of cars and the value of automobile parts that Canada can ship to the U.S. without paying higher duties, and preserves key dispute-resolution provisions.

News
September 20, 2018  

Plastics machinery shipments in North America up again: report

For the fifth consecutive quarter, plastics machinery shipments in North America continued to increase in the second quarter of 2018, according to the statistics compiled and reported by the Plastics Industry Association’s Committee on Equipment Statistics.

News
September 12, 2018  

Canada’s weak auto sales continues: Scotiabank

Auto sales growth has also slowed down markedly in the U.S. and Mexico, a new report from Scotiabank says.

News
August 29, 2018  

Canada, U.S. resume trade talks

The Trump administration is calling on Canada to endorse the recent agreement reached by the U.S. and Mexico, which featured important decisions made by the two countries on autos.

News
August 28, 2018  

U.S.-based Plastics Industry Association supports new trade deal with Mexico

The announcement of a bilateral agreement between the U.S. and Mexico “is a step in the right direction”, the trade group says.

News
August 20, 2018  

Auto industry suppliers pessimistic about U.S. trade policies: survey

Trade policy uncertainty is causing pessimism across the automotive supply base, despite a strong sales and production environment, a new survey conducted by the Original Equipment Suppliers Association says.