Light trucks help Canadian auto sales hit record level in Novemberby Canadian Plastics
Strong trucks sales helped push auto sales up 3.6 per cent in November 2014, setting a record for the month, according to DesRosiers Automotive Consultants Inc.
Dow reaches agreement with investor Third Pointby Canadian Plastics
Dow Chemical Co., the largest U.S. chemical maker, has avoided a fight with activist investor Third Point LLC after agreeing to add four new independent directors.
Manufacturing sales rose above forecasts in September: StatsCanby Canadian Plastics
Manufacturing sales rose 2.1% to $53.0 billion in September, rebounding from a sharp drop the previous month.
Canadian economy added 43,100 new jobs in October: StatsCanby Canadian Plastics
Canada’s unemployment rate dropped to 6.5 per cent last month, its lowest level since November 2008.
Global demand for protective packaging on rise: studyby Canadian Plastics
World demand for protective packaging is projected to increase 6.1 per cent annually to nearly $27 billion in 2018, according to a new study by market research firm the Freedonia Group.
Ontario exports will rise on increased U.S. demand: EDCby Canadian Plastics
A surging U.S. economy will help Ontario exports realize growth of seven per cent this year and five per cent in 2015 – and boost the province’s chemicals and plastics industry – according to a new report.
New report examines global polymer growth over past 30 yearsby Canadian Plastics
Over the past 30 years, the world market for polymer has grown from 45 million tonnes to over 250 million tonnes, according to a new report from UK-based AMI Consulting.
Magna reports Q3 profit, sales up from last yearby Canadian Plastics
Canadian auto parts maker Magna International Inc. reported its third-quarter 2014 profits grew to US$470 million, up from US$319 million a year ago, as the auto industry saw production gains in both North America and Europe.
Canada nears record auto sales in 2014: Scotiabankby Canadian Plastics
Passenger vehicle sales in Canada soared 13 per cent above a year earlier in September, lifting purchases to an all-time record annual rate of two million units, according to the latest figures from Scotiabank.
Profits way up for Nova Chemicalsby Canadian Plastics
Canadian chemicals maker Nova Chemicals Corp. said third-quarter profit and sales rose on higher margins in its business units that make materials used in consumer and industrial packaging.
Auto parts sector must invest to thrive: DesRosiersby Canadian Plastics
There are good days ahead for Canada’s automotive parts makers and toolmakers – but only the companies that invest in manpower, technology, and research and development will reap the full benefits, according to Canadian…
Small business lagging in Canada, but has growth potential: CIBCby Canadian Plastics
Small business activity in Canada is lagging the economy as a whole, but it has the potential to pick up and grow in the next five years, according to a new report from CIBC World Markets.
Machinery and equipment led wholesale sales growth in August: StatsCanby Canadian Plastics
Buoyed by gains in the machinery, equipment and supplies subsector, wholesale sales in Canada edged up 0.2% to $53.1 billion in August 2014, according to Statistics Canada.
Big majority of Canadian companies have positive outlook: CIBC pollby Canadian Plastics
The vast majority of Canadian business owners are optimistic about the future, but have no plans to grow businesses, according to a new survey by CIBC.
North American ethane provides big opportunity for Western European producers: reportby Canadian Plastics
Europe is one of the world’s highest-cost production regions for chemicals – but U.S. ethane imports might just radically transform the region’s feedstock landscape.
Double digit growth expected in global plastic pipe marketby Canadian Plastics
Four major factors will lead to double digit growth in the global demand for plastic pipe systems over the next ten years, according to a keynote speaker at the recent Plastic Pipes XVII conference and exhibition in Chicago.
Global aerospace plastics market to hit $6.5 billion by 2018: reportby Canadian Plastics
The global aerospace plastics market was worth US$6.2 billion in 2011 and is expected to blast off to US$10.5 billion by 2018, according to a new report from Transparency Market Research (TMR).
BASF invests big with new India PU facilityby Canadian Plastics
In what it describes as its biggest investment in that country, chemical maker BASF SE has opened a new €150 million (Cdn$212 million) production facility in Dahej, Gujarat, India.
PET bottle recycling rate held steady in 2013by Canadian Plastics
PET bottle recycling in the U.S. rose to 31.2 per cent in 2013, a very slight bump up from 30.8 per cent in 2012.
Canada posts trade deficit with the world in August: StatsCanby Canadian Plastics
Canada’s merchandise trade balance with the world went from a surplus of $2.2 billion in July to a deficit of $610 million in August, according to new figures from Statistics Canada.