Industry Update

More than $19 B paid to acquire 50 robotics companies in 2016: The Robot Report

February 14, 2017

Robotics and automation isn't just growing among the manufacturing indusry. The market is wide reaching and in 2016, the year was a banner one for acquisitions of companies involved in robotics and automation, according to The Robot Report.

Read more: The big business of robotics: $19 B in acquisitions in 2016

PAL V flying cars

February 14, 2017

Flying car manufacturer PAL-V has officially started the sales of its commercial models, making the company the first in the world to sell flying cars.

Read more: Forget electric cars, try a flying one

Canada US affirm longstanding relationship, cooperation on economic growth

February 13, 2017

Prime Minister Justin Trudeau and US President Donald Trump emerged from their first official meeting affirming their longstanding relationship and their agreement to continue to cooperate to ensure ongoing economic growth of the North American continent.

Read more: The Trump/Trudeau meeting: Canada, US to work together on economic growth

CN Rail

February 9, 2017

CN plans to spend $2.5 billion in 2017 to improve its core infrastructure, which includes replacement of 2.2 million rail ties, installation of more than 966 km (600 miles) of new rail, and work in bridges, branch line upgrades and other general track maintenance.

Read more: CN to invest $2.5 B in 966 km of new rails, maintenance

Bombardier Global 7000 business jet

February 8, 2017

Bombardier will receive $372.5 million in repayble contributions from the Government of Canada to help support jobs, manufacturing and research and development activities in the country.

Read more: $372.5 M for Bombardier to boost manufacturing, R&D

Hypertherm Powermax45 XP plasma cutter

February 7, 2017

Hypertherm is holding its "Spark Something Great" education grant program again in 2017. The contest is open to Canadian and US schools and 10 North American winners will receive Hypertherm's new Powermax45 XP plasma cutting and gouging system and the company's Plasma Cutting Technology: Theory and Practice curriculum kit.

Read more: Hypertherm re-launches contest for North American schools

Economic growth for Canada

February 1, 2017

Canada's manufacturing industry grew at its fastest pace in more than two years, another sign that Canada's economy is off to a strong start in 2017.

Read more: Canadian manufacturing leads strong growth

From left: SBA Administrator Maria Contreras-Sweet, Peter Liu, OMAX; SBA Associate Administrator for Investment and Innovation Mark Walsh

January 23, 2017

 

OMAX's MicroMax JetMachining abrasive waterjet machine

OMAX has received an innovation award for its micro abrasive waterjet technology used for its MicroMax JetMachining waterjet centre.

Read more: OMAX wins award for micro abrasive waterjet technology

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