Category
Market Forecast
Wittmann Battenfeld sets monthly sales record for robots in the U.S.
The company sold more than 80 robots in the U.S. in June, and says it’s on track to have a record year in 2021.
43 per cent of Canadian companies plan to add new positions in the second half of 2021
Another 54 per cent plan to fill vacated positions or bring back temporarily laid off employees, a new survey shows.
Manufacturing industry continues to lose millions due to border issues, survey says
Sixty-nine per cent of respondents have experienced loss of contracts due to border issues.
Engel back on “growth course,” company says
The Austrian machinery maker is once again operating at full capacity, with an order backlog not seen since 2018.
Plastics machinery shipments down in Q1 but “poised for growth,” report says
North American shipments of primary plastics machinery decreased following three consecutive quarters of growth, the report says.
Report forecasts solid growth for global plastics industry, predicts defining trends
With sustainability spurring innovation, the market is estimated to reach $558.71 billion in 2021, up from $533.04 billion in 2020, with a CAGR of 4.8%.
Injection molding machine market to reach $12.3 billion by 2025, report says
Factors such as growing demand from the healthcare industry, rapid industrialization in growing economies, and increasing demand for plastic molds in electric vehicles will drive the market.
Q1 2021 robot orders surge 20 per cent over 2020, association says
The strong Q1 for robot orders was the second-best start to any year on record, the A3 association said, and the second-best quarter on record for non-automotive orders.
Global PET stretch blow molding machine market to hit $1.36 billion by 2027, study says
The global market continues to be dominated by Europe, the study says, but the APAC region is expected to have the fastest CAGR from 2020 to 2027.
North American manufacturing rebounding from a challenging 2020, survey shows
Twenty-five per cent of the plastics processors and moldmakers surveyed broke even or lost money in 2020.
European plastics industry faces extreme raw materials shortages, price increases, association says
The situation threatens the economic survival of numerous SMEs and endangers the production of a wide range of products, the European Plastics Converters group says.
Global pneumatic conveying system market keeps growing, report says
The market is experiencing steady growth at a 6% CAGR, a new forecast from market analyst firm Market Research Future says, and this should continue through to 2022.
ANALYSIS: Texas deep freeze: Lingering impacts on U.S. petrochemical industry
Operations at U.S. Gulf Coast petrochemical facilities have yet to fully recover one month after freezing temperatures triggered widespread power outages and plant shutdowns.
New president and CEO for purchasing consultancy RTi
The Fort Worth, Tex.-based firm has named Robert Rosales as its new head, replacing outgoing president and CEO Pete Suerken.
Canadian manufacturing growth picked up in February, report says
An improving domestic demand picture, greater purchasing activity, and a sustained period of employment suggests firms expect greater output in the months ahead, the report from IHS Markit said.
U.S. winter storm impacting the polyester value chain, analyst says
The storm currently raging in Texas could have an impact on the global polyester chain, according to market analyst Wood Mackenzie.
North American machinery shipments up nearly 20% in Q4, report says
Canada and Mexico remained the top export markets for U.S. equipment suppliers in the fourth quarter, the report from the Plastics Industry Association said.
European flexible packaging manufacturers “very concerned” about polymer shortage and price development
The Flexible Packaging Europe association blames force majeure declarations, maintenance announcements, and price increases by European polymer manufacturers for creating sudden and significant shortages.
Manufacturing sales edged up 0.3% in October, StatCan says
Manufacturing sales grew to $54.1 billion led by the paper, petroleum, and coal industries, and with 2.2% growth for plastic and rubber product manufacturers.
Recovery of Canada’s plastics, chemical industries will be based on investment attraction, CIAC head says
CIAC president and CEO Bob Masterson also outlined the chemistry and plastics industries’ role in Canada’s economic recovery in a presentation to the federal government’s Standing Finance Committee.
Global auto sales improve modestly again in October, report says
On a year-over-year basis, sales were in positive territory for a second consecutive month since the pandemic struck, Scotiabank’s latest Global Auto Report says.
Two-thirds of Canadian business owners negatively impacted by COVID-19: CIBC poll
But the majority (75%) of business owners remain optimistic they will rebound once the pandemic subsides, the poll also found.
North American primary plastics machinery shipments continue recovery in third quarter
Canada and Mexico remained the top export markets for U.S. equipment suppliers in the third quarter, according to the Plastics Industry Association’s committee on equipment statistics.
Demand from packaging and healthcare segments to help polyolefins market stay afloat amid COVID-19, report says
The global polyolefins market is expected to decline in 2020 due to weaker end-market demand, analytics firm GlobalData says, but there will be strong gains in these other sectors.
ATS Automation reports orders up in Q2 2021 results
In reporting its financial results for the three and six months ended September 27, 2020, the Cambridge, Ont.-based company cited a decrease in revenue of two per cent but an increase in order bookings.
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.
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.
What will the 2020 elections mean for U.S. energy?
Ten key issues to watch, according to global energy consultancy group Wood Mackenzie.
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.
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.
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.
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.
