Industry
Metals
Brookfield and the Caisse buy automotive battery business from Johnson Controls
MONTREAL – Brookfield Business Partners LP and the Caisse dedepot et placement du Quebec, together with a group of institutional partners, have signed a deal to buy Johnson Controls’ power solutions business for US$13.2 billion. The business produces batteries for…
Fairfax acquires 13.7 per cent stake in Stelco for $250 million
TORONTO – Fairfax Financial Holdings Ltd. says it has bought a 13.7 per cent stake in steel producer Stelco Holdings Inc. for roughly $250 million. The insurance-focused financial services company says it has acquired 12.2 million common shares of the…
Tariff strife largely overlooked in runup to Tuesday’s U.S. midterms
CLEVELAND – As Donald Trump resumes the role of barnstormer-in-chief before Tuesday’s critical midterm elections, America’s ongoing tariff feud with friends and foes alike seems all but forgotten – at least for now. Gone are the heady, dog days of…
Feds dead set against ‘ridiculous’ quotas to replace steel, aluminum tariffs
WASHINGTON – Canada is not about to agree to quotas or other limits on its exports in order to get the United States to lift punishing tariffs on steel and aluminum, says a source close to the ongoing talks to…
Company extracting metals from asbestos waste gets $12M from Ottawa
Ottawa gave $12 million on Friday to help a company extract magnesium from the waste of closed asbestos mines – despite warnings from Quebec’s public health officers that the province’s workplace protections are still lacking. The federal funding for Alliance…
Canada moves to block steel dumping with 25% surtax on select products
The Canadian government says it will impose a 25 per cent surtax on some foreign steel products in a bid to head off dumping. The Finance Department said “excessive imports” are harming the steel industry, prompting it to impose a…
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SKF LLT profile rail guides offer long service life
SKF Motion Technologies, Inc., provide SKF LLT profile rail guides which offer smooth running performance, high precision and accuracy, and long service life with minimal maintenance. LLT guides have ball circuits placed in an X-arrangement, optimizing load sharing in all…
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…
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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Klüber Lubrication Develops Lubricating Grease for Actuators
Klϋber Lubrication, has developed Klübersynth GR 46-52 F, a fully synthetic special lubricating grease for actuators in motor vehicles. Klübersynth GR 46-52 F has a specially tailored chemistry to promote compatibility with EPDM. Also, it helps save significant costs as an…
North American markets slide as metals take a hit amid trade angst
North American stock markets slipped slightly lower Thursday as metals took a hit amid trade uncertainty and the U.S. and China imposed tariffs on each other’s goods. Markets have been volatile but have traded in the summer on headlines, said…
U.S. to impose anti dumping duties of 24 per cent plus on Canadian made pipe
The United States has opened a new battleground in its trade war with the world, announcing preliminary anti-dumping duties on large-diameter welded pipe from Canada and five other countries. The U.S. is to immediately begin collecting 24.38 per cent cash…
Feds mulling safeguards to prevent ‘surge’ of cheap steel imports into Canada
OTTAWA – The federal government extended an olive branch of sorts to Donald Trump’s tough-on-trade White House on Tuesday as it began exploring how best to address industry concerns that U.S. tariffs are turning a trickle of foreign steel imports…
Import now to beat tariffs on goods from China? It will cost
New tariffs on imports from China may leave American companies with a choice – pay a higher freight bill now or pay the tariffs starting in three weeks. It can take several weeks for ship-borne cargo from China to reach…
Auto parts firm Magna plans electric vehicle joint ventures with Chinese company
Aurora, Ont. – Magna International Inc. says it will form two new joint ventures with a Chinese company to engineer and build electric vehicles. The Ontario-based auto parts company and Beijing Electric Vehicle Co. Ltd., a subsidiary of the BAIC…
U.S. steel tariffs prompt ADF to impose work sharing at Quebec plant
Montreal – ADF Group Inc. says uncertainty over U.S. steel tariffs reduced orders and prompted it to introduce work-sharing for employees at its Quebec plant. “Backlog growth is paramount to our success and unfortunately the uncertainty surrounding the steel import…
Leading metals distributor invests in automotive metals processing facility in Brantford, Ont.
Burlington, Ont. – Samuel, Son & Co., a leading metals distributor and industrial products manufacturer, today announced an $18 million investment in its Brantford, Ont., automotive metal processing centre. The expansion is expected to be completed by the fourth quarter…
Steelworkers ratify new contract with Moly-Cop AltaSteel
Edmonton – United Steelworkers (USW) Local 5220 members have ratified the tentative agreement reached with Moly-Cop AltaSteel Ltd. in Edmonton on May 27, 2018. The four-year agreement was accepted by 90% of the members voting at dual meetings yesterday. The…
Welding takes centre stage at FABTECH Canada 2018
Toronto – SME, FMA, AWS, PMA and CCAI, the producers and co-sponsors of FABTECH, have announced a larger traditional welding presence at FABTECH Canada, taking place June 12-14 at the Toronto Congress Centre. Leaders in the welding industry, including the Canadian Welding Bureau Group, ESAB Canada…
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Three causes of gearbox failure
In large gear reducers, parts – such as bearings and gears – can be pricey. Understanding gearbox failures can help mitigate downtime.
