Category
Manufacturing
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Magna beats first quarter profit expectations, raises guidance for the year
Aurora, Ont. – Magna International Inc. raised its guidance for the year as it reported a better-than-expected first-quarter profit and sales that grew 21 per cent compared with a year ago. The auto parts maker, which keeps its books in…
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Volkswagen’s new CEO promises a more ethical culture
Frankfurt – Volkswagen’s new CEO, Herbert Diess, has vowed to build a more ethical culture after the company’s diesel emissions scandal and outlined a new structure aimed at streamlining decision-making at the sprawling company. Diess said Thursday at the shareholder…
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Campbell Soup Company names Mississauga as site for new headquarters
Mississauga, Ont. – Campbell Soup Company says its new Canadian headquarters will open in Mississauga, Ont. It will be located in the Airport Corporate Centre region, which is a 15-minute minute drive from its soon-to-be-closed Etobicoke manufacturing plant. The company…
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Innovative manufacturer Verbom increases productivity
Sherbrooke, QC – The governments of Canada and Quebec have granted nearly $11 million in financial contributions to Verbom to support an investment project at its sheet metal processing plant in Sherbrooke. The project will help create around 100 jobs…
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Purchasing managers report production gains in motor vehicles and electronics
Washington – U.S. factory output edged up a slight 0.1 per cent in March, as strong production gains in motor vehicles and electronics were partially offset by declines in food and textiles. The Federal Reserve said Tuesday that factory output…
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Unifor fights to save five Canadian mills from Trump
Toronto – Unifor has published a video with interviews of Canadians directly impacted by the new U.S. tariffs levied against paper mills in Newfoundland & Labrador, Québec, and British Columbia. “Right now Donald Trump is poised to do irreversible damage…
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North American test facility to focus on improving driveline efficiency for commercial vehicles
Michigan, USA, 06th April 2018 – A new test facility has been developed in Michigan to help commercial vehicle manufacturers and their suppliers increase the efficiency of vehicle drivelines. Developed and operated by Drive System Design Inc, the North American…
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Manufacturing 4.0 leaders will be honoured at the Manufacturing Leadership Summit
Santa Clara, Calif. – Frost & Sullivan’s Manufacturing Leadership (ML) Council announces the world-class manufacturing companies and individual leaders set to receive recognition as winners of the 2018 Manufacturing Leadership Awards. ML Awards winners and their partners will be honoured…
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Power Transmission Distributors Association forecast shows growth
Chicago, Ill. – The third quarter 2017 Sales History & Outlook Report (SHOR) released by the Power Transmission Distributors Association (PTDA) showed the decline of 2016 is fading into memory as PTDA distributors total sales reached a record high (annual…
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PTDA 2018 Canadian conference focuses on participant connections, targeted education
Chicago, Ill. — Registration is now open for the PTDA 2018 Canadian Conference, to be held June 6-8, 2018, at the DoubleTree by Hilton Hotel Toronto Downtown, Toronto, Ontario, Canada. For the seventeenth year, key decision makers of the Canadian…
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Statistics Canada says manufacturing sales fell 1.0 per cent in January
Ottawa – Canadian manufacturing sales fell 1.0 per cent in January, with the decline led by the motor vehicle, aerospace and primary metal industries, Statistics Canada said Friday. Economists had expected a drop of 0.8 per cent, according to Thomson…
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NAFTA termination would have modest impact on economy, Conference Board
Ottawa – The Conference Board of Canada is predicting a 0.5 per cent decline in the country’s economy resulting in the loss of about 85,000 jobs within a year if the North American Free Trade Agreement is terminated. As talks…
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Trudeau says ending tariff exemptions for Canadian steel would hurt U.S. economy
Sault Ste. Marie, Ont. – Justin Trudeau is telling steel workers in Sault Ste. Marie, Ont., that it makes no sense for the U.S. to reverse its decision to exempt Canada from trade tariffs on steel and aluminum. The prime…
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Trump cards and tariffs – what’s the deal?
The eighth round of negotiations is in the offing and an agreement has yet to be reached on the renewal of the North American Free Trade Agreement. To date, a call for protectionism south of the border, specifically led by…
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Permanent tariff exemption needed for Canadian steel, aluminum: Steelworkers
Toronto and Montreal – Canada’s steel and aluminum producers must be permanently exempted from U.S. tariffs, the United Steelworkers (USW) says. “The evidence is clear and overwhelming. Canadian steel and aluminum exports are not part of the problem that the…
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Canada dodges tariff bullet – for now
Washington – Canada appears to have dodged a protectionist bullet, as one of only two countries to receive a provisional exemption from steel and aluminum tariffs set to rip into America’s trading relationships around the globe. President Donald Trump signed…
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Local Nestlé factory set to increase production capabilities in London, Ontario
London, ON – Nestlé Canada shared expansion plans for its $51.5 million investment to increase production capabilities at its London ice cream factory on Wilton Grove Road. The factory, which supplies all of Canada with brands like Hӓagen-Dazs, Parlour and…
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The Maintenance Engineer’s Guide to Industrial Actuators
Actuators provide the push and pull of industrial automation. If something is moving on the plant floor, odds are good that an actuator is involved. Actuators vary according to the type of energy that drives them, with electromechanical, hydraulic and…
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Ford names Lincoln chief to replace ousted N. American head
Detroit – A veteran executive who has led Ford’s Lincoln luxury brand will now head American operations, replacing an executive who was ousted this week over allegations of inappropriate behaviour. Kumar Galhotra, 52, will replace Raj Nair starting March 1,…
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Rising prices and production boost Stelco earnings in first report since IPO
Hamilton – A restructured Stelco Holdings Inc. is benefiting from rising steel prices and on the hunt for acquisitions, chief executive Alan Kestenbaum said Thursday. “Our initiatives to increase production and expand margins are starting to deliver the intended results,”…
