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Faced with growing opposition led by activist investor White Tale Holdings, Swiss specialty chemicals maker Clariant and U.S. group Huntsman Corp. have scrapped their proposed "merger of equals" announced in May.
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Canada’s economy is on pace to match the best annual growth performance since the Great Recession, a new report from BMO Capital Markets Economics and BMO Commercial Banking said, with real GDP likely to expand 3.1% this year, up from 1.5% in 2016.
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Terry Elliott has spent over 30 years in Canada’s plastics industry, rising from the chemistry lab to sales and management positions to his current job as president of Scepter, while doing enough volunteer work along the way to fill a second career. In both areas, he’s used his team management techniques to improve organizational health. But for all his strategizing, he didn’t see the Leader of the Year award coming.
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Jose Penaloza will rack up at least 20 trans-Pacific flights in 2017 as part of his push to increase Japanese injection stretch-blow molding machine maker Aoki’s presence in Canada. That’s a lot of hang time, but it’s beginning to pay off.
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Material supplier A. Schulman Inc. reported fourth quarter net sales that were approximately 7 per cent higher compared with Q4 2016 figures, and a profit for fiscal 2017 of US$34.2 million, following a loss of US$356 million in 2016.
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The Puslinch, Ont.-based firm will bring in new equipment and add five new positions at its facility.
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