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News - Page 361
Siemens to supply southern Ontario with 124 wind turbines
- Mar 19, 2013
- Fabricating
- News Release
OAKVILLE, Ont. – Siemens Canada has been awarded an order by Samsung Renewable Energy Inc. and Pattern Energy Group LP to supply 124 wind turbines in the Chatham-Kent municipality in southern Ontario. The investments in the project are expected to top $100 million, and the turbines will be...
Welding standards important to Canadians: survey
- Mar 19, 2013
- Welding
- News Release
TORONTO – A recent survey commissioned by the Canadian Welding Bureau (CWB) suggests that almost all Canadians believe construction work, including welding contractors and steel fabricators, should be overseen by a national organization and held to a national standard. The survey, which took...
Hurco Partners with Panther Dreyer & Reinbold Race Team for the 2013 IZOD IndyCar Season
- Mar 19, 2013
- Metalworking
- News Release
As a sponsor, the Hurco logo is featured on the team’s car, Hurco has VIP access to the team’s race facilities during the IZOD IndyCar season, and Hurco VIPs get a behind-the-scenes track experience you can’t buy. At DRR’s machine shop, lead machinist Shane Sievers, who...
MSC Industrial Direct Co., Inc. to serve customers in Canada
- Mar 19, 2013
- Cutting Tools
- News Release
Headquartered in Cleveland, Ohio, BDNA is a leading distributor of fasteners and other high margin, low cost consumables with a broad distribution footprint throughout the United States and Canada. In addition to its three Canadian distribution centers in Ontario, Alberta and New Brunswick, BDNA...
Gray Tools donates $20,000 worth of hand tools to vocational schools in Peel District School Board
- Mar 19, 2013
- Metalworking
- News Release
“Students in vocational programs often become the skilled tradespeople of tomorrow and we saw an opportunity to help ensure that students have the right tools while learning a trade in school,” says Gary Nuttall, president and owner of Gray Tools. “There seems to be a shortage of...
GM recognizes Ontario firms with Supplier of the Year awards
- Mar 19, 2013
- Fabricating
- News Release
A group of Canadian automotive suppliers have been recognized by General Motors as the automaker unveiled its 21st annual Supplier of the Year award winners earlier this month. Four Canadian firms were among the list of 83 suppliers to receive the award of excellence from GM, and all are...
Another poor month for manufacturing points to slow growth in January
- Mar 19, 2013
- Metalworking
- News Release
OTTAWA -- Canada's battered factory sector suffered through another poor month in January, recording a disappointing 0.2 per cent drop in sales that suggests the economy continues to struggle. In terms of volume, which is directly related to economic growth, the news was worse as output fell 0.4...
Economy to improve, but loonie to remain below parity for next two years: RBC
- Mar 19, 2013
- Automation and Software
- News Release
OTTAWA -- Canada's largest bank is forecasting the economy will do slightly better than most expect in the next two years, and one reason why is that the Canadian dollar won't. The Royal Bank is projecting growth rates of 1.8 per cent for 2013 and 2.9 per cent for 2014, which is a couple of decimal...
Study to examine feasibility of potential ore plant in Cape Breton
- Mar 18, 2013
- Metalworking
- News Release
SYDNEY, N.S. -- Nova Scotia's Economic Development Department is spending $400,000 for a feasibility and power rate study on the establishment of a metallic production facility in Sydney. International Iron Beneficiation Group Ltd. is interested in building a manufacturing plant that would convert...
Bombardier denies it faces large penalties for Swiss railway contract
- Mar 18, 2013
- Metalworking
- News Release
MONTREAL -- Bombardier Transportation has denied a European newspaper report that it faces large penalties for the late delivery of 59 double-decker inter-city trains ordered in 2010 by Swiss Federal Railways (SBB). Der Sonntag, quoting unnamed sources, said Bombardier faces at least...
Rio Tinto Alcan CEO's remuneration cut 27 per cent in 2012 on weak results
- Mar 18, 2013
- Metalworking
- News Release
MONTREAL -- Rio Tinto Alcan chief executive Jacynthe Cote's total remuneration was cut by nearly 27 per cent last year to C$3.1 million due to weak performance of the aluminum division and its US$11-billion writedown, according the London-based miner's annual report. The 54-year-old Quebec native's...
Airbus, Indonesian airline sign $24 billion contract, biggest ever for aircraft maker
- Mar 18, 2013
- Metalworking
- News Release
PARIS -- Airbus signed its biggest deal ever on Monday, an order from Indonesian's Lion Air worth (euro)18.4 billion ($24 billion) that President Francois Hollande said should inspire the struggling French economy and all of Europe. The CEOs of both companies signed the contract for 234 planes in...
US factory output rises in February, fueled by jump in auto production
- Mar 15, 2013
- Automation and Software
- News Release
WASHINGTON -- A strong increase in auto output boosted U.S. factory production last month, the latest sign that manufacturing is helping drive economic growth after lagging for much of 2012. The Federal Reserve says factory output rose a seasonally adjusted 0.8 per cent in February from January,...
Magna founder tours George Brown campus
- Mar 14, 2013
- Fabricating
- News Release
TORONTO – Magna International founder, Frank Stronach visited one of the campuses of Toronto's George Brown College on Thursday, touring the college’s trade facilities. Stronach was at the college to visit the tool and die program, speak to the students about the issues facing the...
Canadian dollar rises amid positive U.S. employment news, mixed commodities
- Mar 14, 2013
- Metalworking
- News Release
TORONTO -- The Canadian dollar was higher Thursday amid mixed commodity prices and economic data. The loonie was up 0.1 of a cent to 97.44 cents US. Statistics Canada reports that Canadian industries operated at 80.7 per cent of their production capacity in the fourth quarter, down slightly from...
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