September 5, 2014 News

Solvay buying Chevron Phillips plastic unit for $220M

by 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.

September 1, 2014 News

LyondellBasell to build new chemical plant on Texas Gulf Coast

by 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.

August 20, 2014 News

GM building stamping plant in Michigan

by Canadian Plastics

Automaker General Motors is building a new US$174-million stamping facility that will create or retain about 145 jobs in Michigan.

August 13, 2014 News

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.

August 12, 2014 News

Clariant building masterbatch plant in Australia

by Canadian Plastics

Switzerland-based specialty chemicals company Clariant International Ltd. is building a new masterbatches plant in Sydney, Australia.

August 11, 2014 News

Record sales for Magna in Q2 2014

by 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.

August 6, 2014 News

Lightweighting leads automotive fuel efficiency technologies: survey

by Canadian Plastics

Almost half of the participants in a recent automotive industry survey identified lightweighting as a top focus for improving fuel efficiency.

August 4, 2014 News

Cooper Standard forms Asia-Pacific JV with Inoac

by 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…

July 30, 2014 News

Toyota leads global auto sales for first half of 2014

by Canadian Plastics

Toyota Motor Corp. has held onto the No. 1 spot in global vehicles sales during the first six months of 2014.

July 21, 2014 News

Magna sells 5 plants to Continental Structural Plastics

by Canadian Plastics

Composite technology provider Continental Structural Plastics Inc. (CSP) is buying five North American plants from Canadian auto parts maker Magna International Inc.

June 22, 2014 News

Annual J.D. Power report ranks Ontario Toyota plant No. 1

by 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.

June 20, 2014 News

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.

June 15, 2014 News

Auto industry is shifting into high gear in 2014: report

by 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.

June 2, 2014 News

APMA unveils an all-Canadian Connected Vehicle Technology Showcase

by 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…

May 28, 2014 News

Ford launches production at new $511-million facility in Turkey

by 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.

May 28, 2014 News

Westlake Chemical buys specialty PVC producer Vinnolit

by 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).

May 22, 2014 News

Magna International posts higher Q1 net profit and sales

by 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.

May 18, 2014 News

GM fined $34M for botched ignition switch recall, also recalls more vehicles

by 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…

May 14, 2014 News

Chrysler loses money in Q1 despite big sales gains

by 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.

May 7, 2014 News

Quebec’s BRP building $55M off-road vehicle plant in Mexico

by 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.