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$5.4B international chip deal with Intel falls through after approval from China never arrives

Intel hoped that its acquisition of Tower would expand its manufacturing capacity and open up growth opportunities for the firm in U.S., Israel, Italy and Japan.


NFI Group Inc. reports US$48.1M Q2 loss, production to increase in the second half of the year

NFI chief executive Paul Soubry says the company expects some temporary inefficiencies as it looks to increase production, but it sees a path for significant margin growth in 2024 and 2025.


Montreal Port Authority appoints Interim President and Chief Executive Officer

Martin Imbleau will continue to support the MPA during the transition period until September 8.


 
MANUFACTURING IN FOCUS 
 
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Flexpipe announces the launch of its Lean Maker Academy to support lean manufacturing

The online program with video lessons tries to empower workers to learn what they need to know at their own pace. » Read More...
 
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Green Shift Commodities expands lithium portfolio with the acquisition of a project in Ont.

The Project property is within a general area that has been highly focused on the exploration of lithium, however the Armstrong Project appears to have had little or no lithium focused exploration. » Read More...
 
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Defense Metals advances pre-feasibility study

Site infrastructure geotechnical investigations planned include a series of excavated test pits and sonic overburden drill holes. » Read More...
 
 
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MANUFACTURING IN-DEPTH 
 
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Pilz Canada marks ten years of operation

One of the hopes Thomas harbours for the future is the increased success and growth of Pilz’s new PITmode Access Management System, which manages safety and security for a machine operator. » Read More...

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[SPONSORED] AI: Empowering the manufacturing workforce of the future

For manufacturers, the introduction of AI will reshape the source of value creation, the formation of new business models and the delivery of value-added services such as mass customization and predictive maintenance. » Listen Here...

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The Canadian government’s poor track record on public consultations undermines its ability to regulate new technologies

It’s imperative that we understand how AI operates, where and how it obtains its data, its accuracy and reliability, and importantly, possible benefits and risks. » Read More...

 
PLANT 
 

Economists expect rise in inflation as price growth fight enters new phase

Forecasters anticipate this week’s consumer price index report to show inflation rose last month, signalling a reversal in progress after a year of steady declines in inflation. » Read More...

Cargojet reports Q2 profit and revenue down from year ago mark

The air cargo company said Monday its profit amounted to $1.68 per diluted share for the quarter ended June 30, down from $8.20 per diluted share a year earlier. » Read More...