Canadian Plastics Companies Have Lowest Costs, Study Finds
A study released by the consulting firm KPMG (Toronto) has ranked Canada above eight other industrialized nations for the country with the lowest cost for establishing a new plastics manufacturing fac...
A study released by the consulting firm KPMG (Toronto) has ranked Canada above eight other industrialized nations for the country with the lowest cost for establishing a new plastics manufacturing facility. The 10,000 data-point study analyzes typical costs for new medium-sized firms in 51 representative cities in the United Kingdom, Austria, France, Italy, Germany, Canada, the United States and Japan. Each firm in the plastics products sector was assumed to have at least 90 employees and annual sales of $15 million. Canada was ranked above The United Kingdom, which had the second lowest cost structure, and the United States, which had the third lowest costs. The study’s main highlights include:
Canada’s cost structure for the traditional manufacturing sector is the lowest of all countries studied, and is 7.8 percent more competitive than the U.S.
Canada’s initial investment costs are the lowest of all countries.
Canada has the lowest overall location-sensitive costs, and is especially competitive in electricity, telecommunications and depreciation.
Sherbrooke, Quebec City and Montreal are the three lowest-cost cities of 51 surveyed, being 10.1 to 11.6 percent below the U.S. average.