News
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China factory index at 19 month low as holiday slows work
Hong Kong – China’s manufacturing activity weakened to its lowest level in more than a year and a half as the extended Lunar New Year holiday curtailed production. The official purchasing managers’ index released Wednesday slipped to 50.3 in February…
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Toyota chief hopes to help Japan automakers keep tech edge
Tokyo – Toyota Motor Corp. chief Akio Toyoda, tapped to head the Japanese auto industry association, promised Friday to lead a push among manufacturers to keep a competitive edge in emerging technologies such as zero-emission and autonomous driving. Japanese companies…
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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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Insurance policy for pipeline is result of ‘exceptional situation,’ says Trudeau
New York – Prime Minister Justin Trudeau says putting federal cash down as an insurance policy of sorts to get the Trans Mountain pipeline expansion built is the result of an “exceptional”political situation. Speaking in New York City a day…
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Results of the 2018 Skills Ontario Competition
Toronto, Ontario May 14, 2018 – Last week, the Skills Ontario Competition took place at the Toronto Congress Centre. Featuring nearly 70 skilled trades and technologies contests, and 2,300 competitors from elementary schools, high schools, and colleges across Ontario, it…
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Harting targeting six major trends in building IIoT infrastructure
Las Vegas – Six key trends are driving Harting’s development program for the cyber-physical control infrastructure needed for advanced manufacturing. Harting’s strategy, outlined by Jon DeSouza, president and CEO of Harting Americas to guests at the company’s Open House at…
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Analysts: Canada’s manufacturing sales point to growth in overall economy
Ottawa – Canadian manufacturing sales rose a better-than-expected 1.4 per cent in March, as weakness in motor vehicle sales was more than offset by gains in the metals and aerospace industries, Statistics Canada reported Wednesday. Economists had expected an increase…
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US factory production rose a healthy 0.5 per cent in April
Washington – U.S. factories cranked out more appliances, computers and aircraft last month, lifting manufacturing production for only the second time in five months. The Federal Reserve said Wednesday that factory output rose 0.5 per cent in April after a…
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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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Industrial Internet of Things adoption and digitization ignite centrifugal pumps industry
Santa Clara, Calif. – The North American centrifugal pumps market is witnessing a renaissance with the adoption of Industrial Internet of Things (IIoT), digitization, and next-gen prognosis offering significant growth opportunities and paving the way for smart pumps. The Industrial…
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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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U.S. manufacturing growth continues in 2018, revenue to increase 6.6%
Economic growth is expected to continue in the U.S. throughout 2018, according to the Institute for Supply Management’s Spring 2018 Semiannual Economic Forecast. Expectations for the remainder of 2018 continue to be positive in both the manufacturing and non-manufacturing sectors. These…
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Carbon-free aluminium smelting process is the most significant innovation in a century
Montreal – Rio Tinto and Alcoa Corporation announced a revolutionary process to make aluminium that produces oxygen and eliminates all direct greenhouse gas emissions from the traditional smelting process. Executives of Rio Tinto, Alcoa and Apple were joined by Canadian…
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NAFTA body calls for investigation into oilsands tailings enforcement
The three countries in the North American Free Trade Agreement are to vote on whether to investigate if Canada is failing to enforce environmental legislation on tailings ponds in Alberta’s oilsands. The vote is required after the trade treaty’s environmental…
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Alberta adds two year sunset clause to bill that would regulate oil shipments
Edmonton – Alberta is putting an expiry date on proposed legislation that would allow the province to regulate oil and gas shipments. The government has said it might use such a law against British Columbia if that province continues to…
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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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Parts shortage that hit Ford spreads to more companies
Detroit – A fire that damaged a Michigan auto parts supply factory is causing production problems at Ford, Fiat Chrysler and General Motors, but it’s too soon to tell yet whether dealers will run short of vehicles. So far Ford…
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Federal and Quebec governments fund aluminum smelting breakthrough
Saguenay, Que. – The federal and Quebec governments are teaming up with a trio of corporate giants from the metals and tech industries to commercialize the world’s first carbon-free aluminum smelting process. Ottawa, Quebec and Apple Inc. are investing in…
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Canadian NAFTA concern: North American auto production tied up in red tape
Washington – Canada is voicing concerns heard from car companies that some of the rules being considered during the NAFTA negotiations could prove damaging to one of this continent’s biggest industries. Foreign Affairs Minister Chrystia Freeland says she raised some…
