December 2, 2014 News

Light trucks help Canadian auto sales hit record level in November

by 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.

November 24, 2014 News

Dow reaches agreement with investor Third Point

by 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.

November 16, 2014 News

Manufacturing sales rose above forecasts in September: StatsCan

by Canadian Plastics

Manufacturing sales rose 2.1% to $53.0 billion in September, rebounding from a sharp drop the previous month.

November 12, 2014 News

Canadian economy added 43,100 new jobs in October: StatsCan

by Canadian Plastics

Canada’s unemployment rate dropped to 6.5 per cent last month, its lowest level since November 2008.

November 11, 2014 News

Global demand for protective packaging on rise: study

by 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.

November 11, 2014 News

Ontario exports will rise on increased U.S. demand: EDC

by 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.

November 8, 2014 News

New report examines global polymer growth over past 30 years

by 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.

November 5, 2014 News

Magna reports Q3 profit, sales up from last year

by 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.

November 3, 2014 News

Canada nears record auto sales in 2014: Scotiabank

by 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.

October 29, 2014 News

Profits way up for Nova Chemicals

by 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.

October 27, 2014 News

Auto parts sector must invest to thrive: DesRosiers

by 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…

October 23, 2014 News

Small business lagging in Canada, but has growth potential: CIBC

by 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.

October 20, 2014 News

Machinery and equipment led wholesale sales growth in August: StatsCan

by 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.

October 14, 2014 News

Big majority of Canadian companies have positive outlook: CIBC poll

by 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.

October 13, 2014 News

North American ethane provides big opportunity for Western European producers: report

by 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.

October 10, 2014 News

Double digit growth expected in global plastic pipe market

by 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.

October 8, 2014 News

Global aerospace plastics market to hit $6.5 billion by 2018: report

by 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).

October 8, 2014 News

BASF invests big with new India PU facility

by 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.

October 7, 2014 News

PET bottle recycling rate held steady in 2013

by 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.

October 6, 2014 News

Canada posts trade deficit with the world in August: StatsCan

by 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.