Entries by David Cherniak

Industrial chemical industry data shows strong performance for first half of 2017

On September 1, the Chemistry Industry Association of Canada (CIAC) released a new report titled Industrial Chemical Industry: Performance Snapshot – First Half of 2017. Overall, industrial chemicals had a strong first half. In the second quarter, all metrics were up except for railcar loadings, which was down slightly.  Data mostly points to the performance being led by improvements in product pricing. 

CIAC releases 2017 – 2018 national and regional competitiveness scorecards

Each year CIAC publishes competitiveness assessments of the business and policy environment for chemical manufacturing in Canada, Alberta, Ontario and Quebec. These scorecards assess and compare the key factors that have influenced the health of the sector in the past year; look at trends; and identify key areas where government and industry can work together to improve competitiveness and ensure growth and jobs for the future.

Industrial Chemicals have a solid Q1 in 2017

CIAC has just released the Industrial Chemical Industry Performance Snapshot for the first quarter of 2017. Some highlights include:
 

  • Shipments increased 13% compared to Q1 in 2016 driven by strong growth in petrochemicals, but all sub-segments showed increases.
  • The quarter-over-quarter change in rail car shipments was up slightly (0.3%).
  • Exports for industrial chemicals rose 1%. There were large differences among the sub-segments however.
  • Industrial chemical industry GDP fell by 0.5% compared to Q4 of 2016.
  • Operating profits remained strong, coming in at $854 million.