Category
Industry
EMC Hosts Woodland Classic
Excellence in Manufacturing Consortium (EMC) held its 16th annual Woodland Classic golf tournament at Rebel Creek Golf Club in Petersburg, Ontario. “Thanks to everyone who participated in EMC’s 16th Annual Woodland Classic where we brought together over 100 manufacturers and…
U.S. Midwest refinery maintenance outages to weigh on Canadian oil prices
A maintenance shutdown at the refinery that is the largest buyer of Canadian heavy oil in the United States is expected to extend and possibly worsen the price discounts on crude from north of the border. Analysts at AltaCorp Capital…
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IMTS 2018 Breaks Records
The 32nd annual International Manufacturing Technology Show (IMTS) 2018, put on by The Association For Manufacturing Technology (AMT), was a record setter. For 2018, IMTS had 129,415 people registered, offered 1,424,232 square/feet of exhibit space, included 2,123 booths and 2,563…
Despite progress, threat of 232 tariffs dominates NAFTA negotiations
Washington – Despite the eye-popping figures thrown around in the NAFTA conversation – $2 billion in daily trade, 18 million autos built each year, hundreds of thousands of jobs in the U.S. – one number in particular seems to be…
Eldorado Gold seeking $1.1B from Greece as compensation for permit delays
Vancouver – Eldorado Gold Corp. is seeking $1.1 billion from the Greek government for damages it says it suffered due to permit delays related to its Skouries project. The company says the application is a non-judicial request for payment and…
Statistics Canada reports manufacturing sales rose 0.9 per cent in July
Ottawa -Statistics Canada says manufacturing sales increased 0.9 per cent in July to $58.6 billion, boosted by the transportation equipment and chemical industries. Economists had expected an increase of 0.6 per cent, according to Thomson Reuters Eikon. The growth came…
Magna selling fluid pressure and controls business to South Korean company
Aurora – Auto parts company Magna International Inc. has signed a deal to sell its fluid pressure and controls business to Hanon Systems, a South Korea-based company, for roughly $1.23 billion. The business being sold specializes in the design, manufacture…
Consulting Engineers of Ontario Names New Board
Consulting Engineers of Ontario (CEO) announced a new board of directors at its annual general meeting (AGM) at Blue Springs Golf Club. For 2018-19 the Board of Directors is: Officers: Jeremy Carkner, Morrison Hershfield Principal & Director – Chair Christine…
RNC Minerals gold strike in Western Australia sends stock soaring
Toronto – A doozy of a gold strike in Western Australia has sent shares of Toronto-based junior miner RNC Minerals soaring. The company says that over the last week it has pulled out 9,250 ounces of gold, worth some $15…
Gas explosions rare, but danger always present, Canadian experts say
Montreal – A chain gas explosion similar to the one that tore through three Boston suburbs could happen in Canada, although such a possibility is unlikely, energy experts said Friday. The multiple explosions that caused more than 20 fires and…
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ExxonMobil hosted panel featuring Tony Stewart at IMTS 2018
ExxonMobil held “The Winning Advantage: Lessons from the Stewart-Haas Racing CNC Shop” panel discussion at the International Manufacturing Technology Show (IMTS) 2018 show in Chicago, recently. “Machine shop operations that support professional motorsports teams like Stewart-Haas Racing face distinct challenges…
Vale completes billion dollar Sudbury smelter emissions reduction project
Vale Canada Ltd. says it has completed a billion-dollar project to reduce emissions at its Sudbury, Ont., smelter complex that has made the distinct ‘superstack’ chimney at the site obsolete. The company, a subsidiary of Brazil-based Vale S.A., says the…
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Garlock Names President
Michael Faulkner has been named as President at Garlock, an EnPro Industries company. He takes over for Eric Vaillancourt, who has been named President of STEMCO, a sister EnPro company. “As a longtime employee of Garlock, I am excited to have…
Cape Sharp Tidal turbine in Bay of Fundy being monitored remotely: Emera
HALIFAX – The Cape Sharp Tidal turbine spinning in the Bay of Fundy is now being remotely monitored, more than a month after the project was suspended when Paris-based Naval Energies pulled its funding. A former project partner, Halifax-based Emera…
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RIDGID Names Marketing Director of Underground Technologies
Tim Dunphy has been named Marketing Director of Underground Technologies at RIDGID. Dunphy will now manage new product development, partner relations and new business opportunities for the RIDGID line of diagnostics, inspection, locating and drain cleaning products. “Tim is a…
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Motion Industries President and CEO Dies
Motion Industries, Inc., announced the passing of its President and CEO, Tim Breen. “Motion Industries has lost a great leader and the world has lost an amazing human being,” said Motion Industries Leadership. “Those of us who have been…
Chinese firm Weichai Power to acquire stake in Ballard Power Systems
VANCOUVER – Fuel cell company Ballard Power Systems Inc. is set to receive a cash injection of more than $175 million in what it calls a “transformative strategic collaboration” with a Chinese automotive and equipment manufacturer. Weichai Power has signed…
Vancouver based Nevsun agrees to takeover bid by Chinese firm Zijin
Vancouver-based Nevsun Resources Ltd. says it has reached an agreement to be acquired by a Chinese firm for $1.86 billion. In a news release Wednesday morning, Nevsun says Zijin Mining Group Co. Ltd. will acquire all of its issued and…
Walmart Canada orders 30 more Tesla semi trucks as it aims to shed diesel
TORONTO – Walmart Canada is buying more Tesla semi trucks as it aims to reduce its carbon footprint by having its entire fleet powered by alternative energy by 2028. The Canadian subsidiary of the U.S.-based retail giant says it will…
Brookfield unit leads investment in Brazilian heavy equipment manager Ouro Verde
TORONTO – A group led by Brookfield Business Partners LP has agreed to buy a 55 per cent interest in Ouro Verde, a Brazilian heavy equipment and fleet management company, in a deal valued at about C$209 million. Ouro Verde…
