Solvay buying Chevron Phillips plastic unit for $220Mby Canadian Plastics
Chemical maker Solvay SA is buying a performance polymers business from Chevron Phillips Chemical Co. for US$220 million to expand its offering of lightweight plastics for replacing heavier metal parts in cars.
LyondellBasell to build new chemical plant on Texas Gulf Coastby Canadian Plastics
Chemical maker LyondellBasell Industries plans to build a chemical plant on the Texas Gulf Coast with the capacity to produce 900 million pounds of propylene oxide and 2 billion pounds of tertiary butyl alcohol each year.
GM building stamping plant in Michiganby Canadian Plastics
Automaker General Motors is building a new US$174-million stamping facility that will create or retain about 145 jobs in Michigan.
Lanxess expanding plastics production in U.S.by Canadian Plastics
Specialty chemical maker Lanxess AG is making a US$15 million expansion at its high-tech plastics compounding facility in Gastonia, N.C.
Clariant building masterbatch plant in Australiaby Canadian Plastics
Switzerland-based specialty chemicals company Clariant International Ltd. is building a new masterbatches plant in Sydney, Australia.
Record sales for Magna in Q2 2014by Canadian Plastics
Auto parts maker Magna International Inc. reported $510 million in net income during the second quarter of the 2014, up from $415 million in the same period a year ago.
Lightweighting leads automotive fuel efficiency technologies: surveyby Canadian Plastics
Almost half of the participants in a recent automotive industry survey identified lightweighting as a top focus for improving fuel efficiency.
Cooper Standard forms Asia-Pacific JV with Inoacby Canadian Plastics
In a bid to expand its fluid transfer systems products into the Asia Pacific automotive market, Cooper Standard Holdings Inc. – the parent company of auto parts supplier Cooper Standard Automotive Inc. – is forming a joint venture…
Toyota leads global auto sales for first half of 2014by Canadian Plastics
Toyota Motor Corp. has held onto the No. 1 spot in global vehicles sales during the first six months of 2014.
Magna sells 5 plants to Continental Structural Plasticsby Canadian Plastics
Composite technology provider Continental Structural Plastics Inc. (CSP) is buying five North American plants from Canadian auto parts maker Magna International Inc.
Annual J.D. Power report ranks Ontario Toyota plant No. 1by Canadian Plastics
A Toyota Motor Corp. assembly plant in Ontario was ranked tops in an annual report on the quality of cars produced around the world.
Plastics Plus now marketing Invista nylon in Canada, U.S.by Canadian Plastics
Thermoplastics distributor Plastics Plus Inc is now marketing Torzen nylon 6,6 products from Invista Engineering Polymer Solutions in Canada and the U.S.
Auto industry is shifting into high gear in 2014: reportby Canadian Plastics
Booming vehicle sales in both Canada and the U.S. are expected to increase auto parts production by 5.2 per cent this year, according to the latest figures from the Conference Board of Canada.
APMA unveils an all-Canadian Connected Vehicle Technology Showcaseby Canadian Plastics
In a bid to help its members adopt “rapid technology cycles”, the Automotive Parts Manufacturers’ Association (APMA) will unveil an all-Canadian Connected Vehicle Technology Showcase at its upcoming annual conference and…
Ford launches production at new $511-million facility in Turkeyby Canadian Plastics
Ford Otosan, the Turkish-based joint venture between Ford Motor Company and Koç Holding, officially launched vehicle production today at a modern, all-new vehicle production facility in Yeniköy, Turkey.
Westlake Chemical buys specialty PVC producer Vinnolitby Canadian Plastics
Resin supplier Westlake Chemical Corporation has acquired German-based specialty PVC maker Vinnolit Holdings GmbH and its subsidiary companies for 490 million euros (Cdn$724 million).
Magna International posts higher Q1 net profit and salesby Canadian Plastics
Auto parts maker Magna International Inc. reported a first-quarter profit of $393 million and raised its sales outlook for the year, helped by increased sales in North America and Europe.
GM fined $34M for botched ignition switch recall, also recalls more vehiclesby Canadian Plastics
General Motors has been fined the maximum penalty of $35 million by U.S. safety regulators for delays in recalling small cars with faulty ignition switches that are linked to at least 13 deaths, and is also issuing another huge recall over an…
Chrysler loses money in Q1 despite big sales gainsby Canadian Plastics
Automaker Chrysler Group lost money in the first quarter of 2014 despite big sales gains for the new Jeep Cherokee and Ram pickup models.
Quebec’s BRP building $55M off-road vehicle plant in Mexicoby Canadian Plastics
Quebec-based recreational vehicle maker BRP Inc. has announced plans to build a new $55 million plant in northern Mexico, the company’s third manufacturing facility opened there since 2001.