News
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…
Canadian manufacturing sales top expectations, gain 1.1 per cent in June
OTTAWA – Canadian manufacturing sales rose more than expected in June, boosted by a 16 per cent surge in oil and coal shipments. Statistics Canada said Thursday manufacturing sales were up 1.1 per cent to $58.1 billion in June, following…
Fugitive Emissions Summit Americas Conference and Exhibition a Success
The two-day Fugitive Emissions Summit Americas Conference and Exhibition, was held recently. The conference offered workshops on a variety of topics, and Speakers’ Corner presentations. “We wanted to get people out of their comfort zones,” said Rodney Roth, Senior Vice…
Yamana Gold founder Peter Marrone shifts from CEO to executive chairman role
Toronto – Yamana Gold says it is shuffling its top executives as founder Peter Marrone takes a step away from day-to-day operations at the mining company. Marrone will take on the new position of executive chairman to drive Yamana’s strategic…
Samsung plans $22 billion for artificial intelligence, autos
Korea – Samsung Electronics plans to spend a whopping $22 billion over the next three years on artificial intelligence, auto components and other future businesses as the company maps out its strategy under the restored leadership of Vice Chairman Lee…
NAFTA in August? Canada’s US envoy says ‘aspirational,’ but will work for it
Ottawa – Canada’s ambassador to the United States says predictions that NAFTA talks can be settled by the end of month are “aspirational” – even if American and Mexican officials are close to resolving their differences on complex auto sector…
Magna stock plunges after cautious outlook amid tariff uncertainty
Aurora – Magna International Inc. stock had one of its biggest one-day declines of the year on Wednesday after it lowered expectations for the second half of 2018 amid uncertainty surrounding tariffs and trade negotiations involving the United States and…
Dorel warns U.S. tariffs could impact its business, result in price increases
Montreal – Manufacturer Dorel Industries Inc. warns that proposed tariffs in the U.S. would have a significant impact on all three of its major business lines and could result in higher prices for consumers. The bicycle, furniture and baby ware…
Imperial Oil CEO says proposed Syncrude partner deals must “make sense” for all
Calgary – Negotiations on commercial deals to improve reliability at the problem-plagued Syncrude oilsands mine and upgrader need to “make sense for all parties,” the CEO of its second-largest owner said on a conference call Friday. Rich Kruger of Imperial…
Cameco: uranium prices too low to restart McArthur River mine operation
Saskatoon – Cameco Corp. had to lay off hundreds of employees at two uranium mining operations and its head office because the market remains oversupplied and prices are too low to restart idled production, Cameco chief executive Tim Gitzel told…
Canada’s monthly trade deficit shrinks in June to smallest since January 2017
Ottawa – Canada’s merchandise trade deficit with the rest of the world shrank dramatically in June to $626 million, the smallest in 17 months. Statistics Canada says the improvement was due to a 4.1 per cent increase in exports compared…
PTDA Foundation Endorses Manufacturing Day 2018
Manufacturing Day is coming on October 5, 2018. It presents an opportunity for power transmission/motion control (PT/MC) distributors to support their manufacturer suppliers and raise their own visibility as an employer within their own communities. PT WORK Force, an initiative…
Uniboard Invests in Val-d’Or facility
Uniboard announced an investment of $38.5 million to its Val-d’Or facility. This is the second phase of a major upgrade project to build a particleboard and thermally fused laminate (TFL) facility in Val-d’Or. The modernization will focus on screening, sifting,…
Dixie cup plant to close in Brampton, Ont., 133 workers to lose jobs
More than 100 employees will lose their jobs after Georgia-Pacific announced it will close its Dixie cup manufacturing plant in Brampton, Ont. “The decision was based on kind of business needs and customer demand,” said spokesman Kelly Ferguson. “It really…
Nova Scotia premier to discuss trade issues during trip to Washington, D.C.
Halifax – Nova Scotia Premier Stephen McNeil says he will travel to Washington, D.C., on Monday to discuss potential American tariffs on cars and auto parts. McNeil says he will meet with officials at the United States Department of Commerce…
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HARTING Canada Hosts Annual Media Day
HARTING Canada recently held its annual Media Day at the Cluny Bistro in Toronto, Ontario. The event gave those in attendance a sneak peak at some of the products the company is working on. Ashley Smith-Heine, Vice President of Sales,…
GM faces fiscal, political conundrums as it assesses plants
Ohio – With too many factories making slow-selling cars, General Motors can’t afford to keep them all operating without making some tough decisions. But the political atmosphere might be limiting its options. A possible scenario, analysts say, is to close…
Edgetech Instruments AcuDew Moisture Transmitter Highly Responsive
Edgetech Instruments’ AcuDew moisture transmitter is helping NuMat Technologies monitor the trace moisture level on their incoming nitrogen line that feeds their Powder Dryer. Too much moisture in the system will damage the performance of NuMat’s end products. “I installed…
Timken Company Acquires Rollon Group
The Timken Company, an engineered bearings and power transmission products company, has reached an agreement to acquire Rollon Group from Chequers Capital and IGI Private Equity. Rollon specializes in the design and manufacture of linear guides, telescopic rails and linear…
Ammonia leak at Fernie, B.C., ice rink linked to aging equipment
Vancouver – Old equipment that continued to be used seven years after a maintenance contractor recommended replacing it caused an ammonia leak that killed three workers at an ice rink in British Columbia last October, says an organization that oversees…
