Nova Chemicals sells its expandable styrenics business to Alpek
The sale, for an undisclosed amount, will allow Calgary-based Nova to concentrate on the start up of its Sclairtech technology site near Sarnia, Ont.
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.
CAMM golf tournament set for Sept. 27
The event will be held at Fox Glen Golf & Country Club, with a maximum of 60 golfers allowed.
StackTeck develops new five-gallon industrial pail mold
The Brampton, Ont.-based firm has also produced its first IML robot for a pail, which was configured for both a single cavity five-gallon pail as well as a 1×2 mold for five-litre pails.
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.
Cavalier Tool expands its national, international sales staff
The Windsor, Ont-based moldmaker has hired two new sales veterans to handle Eastern Canada, the northeastern U.S., and Latin America.
Scoring with a new touchless golf ball retrieval system
The made-in-Ontario Mully Cup effectively eliminates the pole-golfer contact, reducing the spread of COVID-19. And it could become the new normal on the greens even after the pandemic.
Seco Tools acquires cutting tool division of QCT in Mexico
The cutting tool division is a solid carbide tooling manufacturer, specializing in custom products, and reconditioning, with three locations in Mexico.
Injection mold maker Exacad gets funding for COVID-19 medical relief projects
The Quebec-based injection mold designer and manufacturer is one of three Canadian companies receiving a total of $6 million in funding from supercluster Next Generation Manufacturing Canada.
Moldmakers predict 25% drop in revenue from original 2020 forecasts, survey shows
Die builders and die casters are expecting the most significant drop, the survey conducted by Harbour Results Inc. says, followed by stamping, molding, and mold builders.
Haidlmair North America offers rapid delivery for PPE molds
The molds are for face masks and face shield brackets for North American molders.
StackTeck delivers stack mold for PPE in under four weeks
The project included complete mold design, manufactured molding surface components, assembly, and mold qualification for customer Novolex.
StackTeck expands its FastTrack accelerated mold delivery program
The Brampton, Ont.-based tooling supplier is now offering 12- and 16-cavity mold configurations for lids and round containers within the FastTrack program.
Tooling Tech Group expands Ohio facility
The tooling provider has broken ground on a 10,000-square-foot expansion of its thermoforming and compression mold making facility in the city of Ft. Loramie.
Moldmakers list their COVID-19 anxieties in new CAMM survey
The survey shows that employee anxiety, project cancellations or delays, employee protection, and declining sales are the biggest concerns about COVID-19 among respondents.
GM to invest $2.2 billion to build electric vehicles in Detroit plant
The automaker will also invest an additional US$800 million in supplier tooling and other projects related to the launch of the new electric trucks.
Concours Mold buys assets of Valiant Tool and Mold
The transaction marks the first acquisition for Windsor, Ont.-based Concours under the ownership of Crestview Partners, a New York-based private equity firm, which bought Concours in May 2019.
New CEO for Schmolz + Bickenbach’s Steeltec division
The Swiss-based mold steel supplier has named Dr. Florian Geiger to the role, replacing outgoing head Gerd Münch, who is stepping down.
U.S. industry group wants tariffs on Chinese molds reinstated
The American Mold Builders Association has formally asked the Office of the U.S. Trade Representative to bring back the 25 per cent tariff, which was put on hold last December.
CTMA names Chris Hergott as new president
The vice president of operations for Kitchener, Ont.-based XL Tool Inc., Hergott has 27 years of experience in the Canadian tooling industry.