Category
Manufacturing
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Aluminum and steel users disappointed with imposition of hefty U.S. tariffs
Consumers on both sides of the border could be caught in the middle of a trade war as businesses slap them with higher prices to offset the impact of billions of dollars worth of reciprocal tariffs announced by the United…
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EPTDA London 2018 convention registrations now open
Brussels – The EMEA Power Transmission Distributors Association (EPTDA), the leading organization for the mechanical Power Transmission and Motion Control (PT/MC) industry in EMEA, has opened registrations for its 21st Annual Convention held in London, September 26 – 28, 2018…
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Triton to sell Aventics to Emerson
Laatzen, Germany – Triton has initiated the next step to ensure a prosperous and sustainable future for Aventics by announcing its intention to sell the company to Emerson. There has been an agreement on terms with Emerson and the regulatory…
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Steve Carlisle named head of Cadillac, new GM Canada president is Travis Hester
Oshawa, Ont. – The Ontario-born head of General Motors Canada is moving to head Cadillac, the global automaker’s luxury car division as part of a management rotation Wednesday. Steve Carlisle will replace Johan de Nysschen, who is leaving effective immediately…
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PTDA’s industry Research Reports strong total sales in 2017
Chicago, Ill. – The fourth quarter 2017 Sales History & Outlook Report (SHOR) released by the Power Transmission Distributors Association (PTDA) indicates the average PTDA distributors’ index for total sales during 2017 was 5.4 percent above 2016. PTDA manufacturers’ average…
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Three updates to watch for in the coming week
Three things to watch for in the Canadian business world in the coming week: Manufacturing numbers Statistics Canada releases the monthly survey of manufacturing for March on Wednesday. Manufacturing sales increased 1.9 per cent to $55.8 billion in February, following…
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Mass customization gives materials handling factory an edge
Forklift manufacturer and materials handling solutions provider Combilift officially opened its global headquarters and manufacturing facility in Monaghan, Ireland, to customers, media and dignitaries, including Kevin Vickers, Ambassador of Canada. Celebrating two decades in business, the privately held firm has…
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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…
