Canadian Plastics

Market Forecast

April 4, 2018  

Canadian vehicle sales down in March: Scotiabank

But U.S. sales were much stronger than expected last month, Scotiabank said, buoyed by healthy economic activity.

April 1, 2018  

Global automotive aftermarket will grow in 2018: report

The new report, by market research firm Frost & Sullivan, says that global automotive aftermarket demand will increase by 4.4 per cent during 2018, with a slowdown anticipated in some developed markets.

March 20, 2018  

Sepro posts fifth consecutive year of record sales

The France-based robot manufacturer’s global growth topped 21 per cent in 2017.

March 20, 2018  

Record sales and orders for KraussMaffei in 2017

The Munich, Germany-based company said its 2017 revenue was up 8 per cent over 2016, to 1.37 billion euros, while growth in new orders was up 6 per cent.

March 2, 2018  

Record-setting vehicle sales pace continues in Canada: Scotiabank

But U.S. purchases were mixed in February, Scotiabank said, with each of the Detroit automakers reporting lower sales.

February 23, 2018  

Canadian auto sales expected to total 2 million units in 2018: Scotiabank

Canadian passenger vehicle sales exceeded 2 million units for the first time ever last year, a new report from Scotiabank said, climbing to an annual record of 2.04 million units. It’s the best back-to-back annual total on record, even as sales in Ontario decline 3%.

February 21, 2018  

Covestro had “outstanding” fiscal year in 2017

Driven by a high demand for high-performance plastics and significantly higher margins, the Germany-based company increased group sales by 18.8 per cent to 14.1 billion euros over the past fiscal year.

February 20, 2018  

Milacron reports growth in Q4 2018

The Cincinnati, Ohio-based processing machinery maker reported US$325 million in sales in the fourth quarter of 2017, which represents a nine per cent increase over Q4 2016.

February 4, 2018  

Record-setting vehicle sales resumed in Canada in January: report

But daily rental volumes dampened U.S. sales, the report from Scotiabank said.

January 30, 2018  

Ninth consecutive global sales record expected in 2018: Scotiabank

Stronger economic growth and replacement demand are expected to drive sales higher in North America and Western Europe, a new Scotiabank report said.

January 26, 2018  

Mexico’s automotive aftermarket to grow 6.4% annually: study

The automotive aftermarket in Mexico totaled $4.3 billion in 2016 and represented 8 per cent of North American demand, a new report from market research firm the Freedonia Group said.

January 24, 2018  

Coca-Cola aims for 50 per cent recycled content by 2030

The Atlanta-based beverage giant wants its plastic bottles contain an average of 50 per cent recycled content by 2030.

January 24, 2018  

International Monetary Fund raises outlook for Canadian economy

Citing the U.S. tax cuts passed last year, the IMF boosted its projections of Canada’s economic performance for 2018 and 2019.

January 22, 2018  

Manufacturing sales hit record high in November: StatsCan

Statistics Canada said 12 of 21 industries, representing 81 per cent of the manufacturing sector, gained ground in November. Manufacturing sales volumes rose 2.5 per cent for the month after higher petroleum prices and other price changes were removed.

January 10, 2018  

Canadian automotive sector will face decreasing demand, report says

A Conference Board of Canada report predicts that dwindling demand in the U.S., reduced interest in vehicle ownership by American millennials, and the aging of baby boomers will result in a decline in Canadian automotive exports over the next five years.

January 5, 2018  

Annual Canadian vehicle sales surpass 2 million units for the first time ever: Scotiabank

U.S. purchases continue to exceed expectations, keeping full-year 2017 sales above 17 million units for a record third consecutive year, the bank also said.

December 17, 2017  

Manufacturing sales down in October: Statistics Canada

Sales fell in 8 of 21 industries, StatsCan said, representing 56 per cent of the manufacturing sector.

December 15, 2017  

Plastics machinery shipments up in Q3 2017: report

The preliminary estimate for shipments of injection molding, extrusion, and blow molding equipment for reporting companies totaled US$350.8 million in the third quarter – 20.4 per cent higher than the total of US$291.3 million in Q3 of 2016.

December 8, 2017  

North American auto production begins to rebound: Scotiabank

Global sales gains were moderate, Scotiabank said, as purchases decline temporarily in Asia.

December 5, 2017  

Stand-up pouches to top $4.5 billion by 2021: report

The favourable development of the total supply chain cost of stand-up pouches and their stronger proposition to promote sustainability compared with rigid packaging alternatives will continue to be the key drivers of demand, AMI Consulting said.

December 4, 2017  

Canada’s record-setting vehicle sales pace “likely ended” in November: Scotiabank

Based on available data, Scotiabank’s latest Auto News flash says that Canadian sales declined two per cent year-over-year in November, ending the six-month streak of monthly records.

November 26, 2017  

Canadian mid-market firms export significantly less than their global peers: report

Mid-market enterprises in Canada contribute $350 billion to the economy and directly employ almost 25 per cent of Canadians, the report from HSBC also says.

November 15, 2017  

High-barrier pouch market to exceed $2.5 billion by 2024: report

Key drivers of growth include a shift in manufacturer focus toward packaging as a promotional tool rather than just protective packaging has enhanced the high-barrier pouch market size, the report said, and innovations in packaging design to attract customers without compromising quality.

November 5, 2017  

Record-setting vehicle sales continued in October: Scotiabank

U.S. purchases defied expectations, Scotiabank also said, remaining at an annualized 18 million units last month.

October 31, 2017  

Global auto sales accelerated during the summer: Scotiabank

Global car sales accelerated through the summer, a new report from Scotiabank said, with volumes advancing 4.5% above a year earlier in August, double the growth of the previous three months.

October 30, 2017  

Steady economic growth expected in Canada in 2018: BMO

Canada’s economy is on pace to match the best annual growth performance since the Great Recession, a new report from BMO Capital Markets Economics and BMO Commercial Banking said, with real GDP likely to expand 3.1% this year, up from 1.5% in 2016.

October 20, 2017  

Manufacturing sales up in August: StatsCan

The transportation equipment and petroleum and coal product industries post the largest gains, the agency said.

October 16, 2017  

Capital investment in Canada’s auto sector well below pre-recession levels: report

The report from DesRosiers Automotive Consultants says investment has been almost cut in half, noting “Canada’s loss of investment market share to Mexico and the southern U.S. over this period has been well documented.”

October 6, 2017  

Canada’s trade deficit increased to $3.4 billion in August: StatsCan

The trade surplus with the U.S. narrowed to $2.3 billion in August, StatsCan said, but the country’s trade deficit with countries other than the U.S. slipped to $5.7 billion.

October 3, 2017  

Canadian vehicle sales remained “hot” in September: Scotiabank

U.S. purchases rebounded to a cycle-high in September, Scotiabank said.

October 1, 2017  

Canadian manufacturing growth improves in September: report

Manufacturers are also more confident about the year ahead business outlook than at any time since April, the Markit Canada Manufacturing Purchasing Managers’ index report said.

September 21, 2017  

Plastics machinery shipments up in Q2 2017: report

The shipments value of injection molding machinery increased 9 per cent in Q2, the shipments value of single-screw extruders declined by 16 per cent, the shipments value of twin-screw extruders jumped 56 per cent, and the shipments value of blow molding machines slipped down by 2 per cent in Q2, the report said.