Canadian Plastics

Market Forecast

October 23, 2020  

U.S. plastics industry reports another year of trade surplus

Mexico and Canada remain the U.S. plastics industry’s largest export markets, the new report from the Plastics Industry Association says.

October 22, 2020  

Both Biden and Trump victories present implications for Canada’s economy, new report says

The report from RSM Canada concludes that no matter the outcome of the U.S. presidential election, Canada’s recovery from wave two of the coronavirus pandemic and its longer-term outlook will be impacted.

October 21, 2020  

What will the 2020 elections mean for U.S. energy?

Ten key issues to watch, according to global energy consultancy group Wood Mackenzie.

October 19, 2020  

Bioplastics will need significant government intervention to realize full potential, report says

In order to achieve the scale needed to play a meaningful role, the report from Wood Mackenzie says, the bioplastics industry will require significant regulatory interventions from governments and substantial cost efficiencies as technologies mature and scale.

October 16, 2020  

Industry consultant predicts 31% drop in North American tooling spend in 2020

Harbour Results says that the 2020 automotive vendor tooling spend in North America will be $6.4 billion, which is $.4 billion less than originally forecasted in 2019.

October 7, 2020  

Canadian small business owners cautiously optimistic about the future, Scotiabank report says

Forty per cent of small business owners are either “very” or “extremely” optimistic about the future of their business, Scotiabank said.

September 30, 2020  

Plastics industry 8th largest in U.S., new report says

The plastics industry is a key part of the American economy, the report from Plastics Industry Association said, accounting for an estimated $432 billion in shipments and over a million workers in 2019.

September 29, 2020  

German firms Continental and Osram plan to end lighting systems joint venture

The companies said the move comes in response to the dampening influence of COVID-19 on the global level of vehicle production.

September 18, 2020  

Retail sales rose 0.6% in July, Statistics Canada says

Sales were up in six of 11 subsectors in July with the motor vehicle and parts dealers subsector contributing the most to the increase.

September 4, 2020  

Canadian auto sales’ rebound “softened modestly” in August, report says

In the U.S., meanwhile, auto sales posted a fourth month of recovery with August purchases increasing by 5% month-over-month, the new report from Scotiabank says.

September 1, 2020  

North American plastics machinery shipments up in Q2, report says

The preliminary estimate of shipments value from reporting companies totaled a 4% increase over the first quarter of 2020, the Plastics Industry Association says, when shipments decreased 19.8% from the previous quarter.

August 28, 2020  

Canadian economy posted record drop in Q2 due to COVID-19, StatCan says

The decline is the steepest since quarterly data were first recorded in 1961, with almost every single component of the economy that works into calculating GDP at its lowest point over April, May, and June.

August 26, 2020  

Big majority of small business owners still worry about economy, survey finds

Also, sixty per cent of respondents to the latest Canadian Federation of Independent Business survey say they fear consumer spending will stay low even after the COVID-19 pandemic ends.

August 26, 2020  

Heavy truck sales in Canada should rebound quickly, report says

The Canadian heavy truck industry has been hit hard by the COVID-19 pandemic, a new report from Scotiabank says, but sales should shift back into positive growth territory in 2021.

August 24, 2020  

Moldmakers, manufacturers focusing on diversification, profitability, survey says

Results from the latest survey by the Canadian Association of Moldmakers and Automate Canada show that diversification plans are a priority as many manufacturers rebound from the initial shock of the COVID-19 pandemic.

August 24, 2020  

Manufacturing sales up 8.7 per cent in July, StatCan says

The preliminary estimate for July compared with a record 20.7 per cent gain seen in June as factories continued to ramp up production.

August 12, 2020  

Sumitomo (SHI) Demag reports machine orders up during COVID-19 crisis

Demand from the packaging and medical technology sectors largely is driving growth, the injection molding machine maker said.

August 10, 2020  

Bad start to the year for Italian machinery industry, association says

Declining imports and exports caused by the COVID-19 pandemic created losses for the Italian rubber and plastics machinery industry during the first three months of 2020, with full recovery unlikely before 2022, according to new figures from trade association Amaplast.

August 5, 2020  

Canadian auto sales posted another rebound in July, Scotiabank says

U.S. auto sales also continued to climb back in July, Scotiabank reported in its latest Auto News Flash.

July 23, 2020  

Canadian Plastics podcast: Resin supply, demand and pricing during COVID-19, Part 6: PET

Resin supply, demand and pricing during COVID-19 – A