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Market Forecast
N. American plastics machinery shipments up in Q2, report says
by Canadian PlasticsStatistics compiled and reported by the Plastics Industry Association’s Committee on Equipment Statistics says that plastics machinery shipments increased 8.2% in Q2 2019, following a 27.6% decrease in Q1.
Canadian wage growth climbs to highest mark since 2009: StatsCan
by Canadian PlasticsBut the unemployment rate moved up to 5.7% as Canada shed 24,200 jobs, the agency also said.
Canadian auto sales picked up in July: Scotiabank
by Canadian PlasticsBut U.S. auto sales decelerated in July, a new Scotiabank report says, as volatility in that market continues.
North American tooling industry continues to slow: report
by Canadian PlasticsNorth American capacity utilization at its lowest mark since 2016, the Q2 2019 Automotive Tooling Barometer Survey says.
Canadian auto sales fell in June, Scotiabank says
by Canadian PlasticsU.S. auto sales continued its above-trend growth in June following an equally strong performance in May, according to Scotiabank’s latest Auto News Flash.
Downturn in global auto sales continued in May: Scotiabank
by Canadian PlasticsThe Canadian auto sales rate ticked up marginally in May, Scotiabank’s latest Global Auto Report said, but the decline on a year-over-year basis continued.
Plastics machinery shipments declined in early 2019
by Canadian PlasticsWhile 2018 ended with strong plastics machinery shipments in North America, 2019 has started soft, according to new figures from the Plastics Industry Association’s Committee on Equipment Statistics.
Global slowdown of vehicle sales continued in April: Scotiabank
by Canadian PlasticsGlobal auto sales fell by 7.9% year-over-year in April for an eighth consecutive month of year-on-year declines, a new report from Scotiabank says.
Amid sales slump, Milacron exits blow molding business
by Canadian PlasticsThe plastics processing equipment maker’s Uniloy blow molding business has now been listed as a “discontinued operation”.
Revenue down for PolyOne in first quarter, job cuts coming
by Canadian PlasticsThe challenging financial results have led the Ohio-based material supplier to reduce spending and to cut an unspecified number of jobs.
Tool & die industry off to slow start in 2019: report
by Canadian PlasticsIn 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.
Canadian auto sales down in March: Scotiabank
by Canadian PlasticsScotiabank also forecasts that auto sales in Canada will fall to 1.93 million units delivered in 2019.
Weak early-year auto sales in China, while Europe rebounds: Scotiabank
by Canadian PlasticsSales 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.
Intertape Polymer reports revenue increase for 2018
by Canadian PlasticsThe packaging supplier increased its revenue by more than 17% to US$1,053 million compared to 2017, and by more than 21.2% to US$287.7 million in the fourth quarter of 2018 compared to Q4 2017.
Canadian auto purchases rose in February: Scotiabank
by Canadian PlasticsAuto sales in the U.S. fell for a second consecutive month, a new report from Scotiabank also said.
American moldmakers generally positive about business outlook: survey
by Canadian PlasticsBut 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.
Weak sales in China drag down global auto market: Scotiabank
by Canadian PlasticsExcluding China, Scotiabank’s most recent Global Auto Report says, vehicle purchases fell by 3 per cent year-over-year worldwide.
Milacron reports increased sales in 2018
by Canadian PlasticsDespite the positive overall outcome for 2018, sales in the fourth quarter of the year were down, the machinery maker said, while orders also decreased.
Plastics machinery shipments finished strong in 2018
by Canadian PlasticsShipments 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.
Canadian auto sales down in January: Scotiabank
by Canadian PlasticsVehicle 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.