About David Cherniak
Senior Policy Analyst
Chemistry Industry Association of Canada
(613)-237-6215 ext. 231
Entries by David Cherniak
On December 12, the Chemistry Industry Association of Canada (CIAC) released its Industrial Chemical Industry: Performance Snapshot – Third Quarter of 2017 report. Overall, industrial chemicals experienced stronger performance than for the same period in 2016, but growth was weaker compared to the 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.
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.
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.