Industry
Manufacturing
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Mining our own business
In the April issue of Machinery and Equipment MRO, we zoom in on the resource sector with a special emphasis on mining. Sectors such as mining, oil & gas and power lean heavily on asset integrity management services to ensure…
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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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RotoPrecision achieves master distributor status in Canada
Mississauga, Ont. – RotoPrecision, a distributor for numerous world-class manufacturers of precision-engineered components, announced that it has achieved MAC approval and is now a fully authorized Motovario Assembly Centre in Canada. “This is an exciting time for us,” commented Gregg…
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Heavy equipment manufacturer reports significant increase in profit per share in Q1
Deerfield, Ill. — Caterpillar Inc. announced first-quarter 2018 sales and revenues of $12.9 billion, compared with $9.8 billion in the first quarter of 2017. First-quarter 2018 profit of $2.74 per share was a first-quarter record. Profit was $0.32 per share…
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New auto rules will be the ‘core’ of future NAFTA deal, Freeland predicts
Washington – New automotive rules will be the centrepiece of a new NAFTA agreement, Foreign Affairs Minister Chrystia Freeland said Thursday during a round of negotiations she characterized as being focused on cars. In an exchange with reporters between sessions…
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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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Manufacturing sector sales grew in February
Ottawa – Statistics Canada says manufacturing sales grew 1.9 per cent to $55.8 billion in February, boosted by the transportation equipment industry. The increase in factory sales, an indicator of strength in the economy, came after two consecutive monthly decreases.…
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Manufacturing technology orders show continued strength in 2018
U.S. manufacturing technology orders for the first two months of 2018 climbed 27 per cent higher than the same period in 2017 signalling continued strength in the recovery initiated in June 2017, according to the latest U.S. Manufacturing Technology Orders…
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Kubota Canada Ltd. announces the construction of a new facility in Pickering, Ontario
Markham, Ont. – Owing to its growing success in Canada, Kubota Canada Ltd. will be moving its operations to a new facility located in Pickering, Ont., by the end of 2019. As part of KCL’s ongoing commitment to deliver high-quality…
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Trump era transportation project more focused on rural areas
Washington – Forget about bike-share stations in Chicago or pedestrian walkways in Oakland. That’s so Obama-era. In the Trump administration, a popular $500 million transportation grant program is focused more on projects in rural areas that turned out for Donald…
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High-risk industries uplift demand for eye and face protection equipment, says Frost & Sullivan
Santa Clara, Calif. – Frost & Sullivan’s latest analysis, North American Above-the-neck Personal Protective Equipment (PPE) Market, Forecast to 2022, finds that the industry generated revenues of $1,1 million in 2017, and is expected to grow at a compound annual…
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Strong Canadian manufacturing growth maintained in March
The pace of growth in the Canadian manufacturing sector signalled a robust improvement in business conditions during March, which continued the positive trends seen throughout the first quarter of 2018. The Canada Manufacturing Purchasing Managers’ Index (PMI) registered 55.7. The…
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Ritchie Bros. introduces Marketplace-E, a new way to buy and sell equipment
Vancouver – After a soft launch in late 2017, Marketplace-E is being introduced by Ritchie Bros. as its latest buying and selling solution. Complementing the company’s onsite unreserved auctions and online-only auctions through IronPlanet, Marketplace-E offers sellers increased control over…
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Canadian CEOs express confidence in the global economy and their company’s growth prospects
Toronto – A record-breaking 88% of Canadian CEOs are optimistic about their company’s prospects for revenue growth and 72% believe global economic growth will improve over the next twelve months, according to the Canadian results of PwC’s 21st Global CEO…
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EPTDA London 2018 Convention opens registrations
London – The EMEA Power Transmission Distributors Association (EPTDA), the leading organisation for the mechanical Power Transmission and Motion Control (PT/MC) industry in EMEA, opens the registrations for its 21st Annual Convention held in London, September 26 – 28, 2018.…
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Government awards funding to improve production capacity at three Quebec companies
Trois-Rivières, QC – Canada Economic Development for Quebec Regions (CED) is awarding nearly $1 million in financial assistance to Captel, Aspasie and Hardy Filtration. The three companies in Trois-Rivières will be able to improve their production capacity and expand thanks…
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U.S. trade battle with China can favour Canadian retailers
Montreal – U.S. President Donald Trump’s plan to impose tariffs on up to US$60 billion of Chinese imports could help Canadian retailers by further easing cross-border shopping, even though a full-fledged trade war between the world’s two economic superpowers would…
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Magna International partnering with Lyft on self driving vehicle systems
Aurora, Ont. – Auto parts manufacturer Magna International says it has struck a multi-year collaboration with rideshare company Lyft to jointly fund, develop and manufacture self-driving systems at scale Aurora, Ont.-based Magna says the co-developed self-driving systems could be used…
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Strong pricing drives highest sales total ever for Q1 Toronto auction
Toronto – Last week Ritchie Bros. had its strongest start to the year ever in Toronto, selling more than 2,850 equipment items and trucks for CA$37+ million (US$28+ million) – surpassing the Toronto site’s previous Q1 sales record by 57…
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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…
