News, opinion and advice for June 03 to July 23

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Precision SF Tech: Landing the Deal – ExportWise

exportwise.ca June 22, 2015
Having several big contracts is a good problem to have. Especially for a small Quebec aviation company whose bread and butter comes from building landing gear for the big guys — companies such as Boeing and Bombardier. Précision SF Tech Inc., based in Terrebonne, Quebec, specializes in manufacturing and assembling components for the civil and military aerospace industry... The aerospace industry, particularly the aviation cluster in Quebec, is hugely valuable to Canada’s trade. “This is a More...
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Canada-Based First Bauxite Plans $200 Million Bauxite Processing Plant In Southeast Louisiana – Area Development

www.areadevelopment.com June 22, 2015
First Bauxite Corp. of Canada will invest $200 million to develop a bauxite processing plant on the Mississippi River at the Globalplex Intermodal Terminal in St. John the Baptist Parish, Louisiana. The company plans to create 100 jobs in the River Parishes and the Southeast Louisiana region... Based in Toronto, First Bauxite has concluded a feasibility study calling for the company to mine bauxite – an alumina-based ore – from Guyana, on the northern coast of South America, and ship it to L More...
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Orleans County hot for Canadian manufacturers – Buffalo Business First

www.bizjournals.com June 19, 2015
If Mississauga-based food processing company Pride Pak Canada Ltd. ends up acquiring the former BernzOmatic manufacturing facility and expanding operations to Medina, it would join a roster of Canadian businesses that have set up shop there. It’s all part of James Whipple’s plan to make Orleans County a destination for Canadian manufacturers... And while some regions may try to draw companies or industries based on natural resources or existing infrastructure, he said they set their sights o More...
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COOL retaliatory tariff timeline still on track despite U.S. delay – iPolitics.ca

ipolitics.ca June 19, 2015
An American request for arbitration in an ongoing dispute over meat labels had been anticipated and Canada’s timeline for retaliation remains unchanged, Agriculture Minister Gerry Ritz’s office said Friday. The U.S. is challenging Canada’s request to impose more than $3 billion worth of retaliatory tariffs, arguing the Canadian economic analysis of the effect mandatory country-of-origin has had on the national economy is inaccurate... Canadian officials had expected the U.S. would continue More...
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U.S. House approves fast-track for TPP trade deal – iPolitics.ca

ipolitics.ca June 19, 2015
The U.S. House of Representatives has approved fast-track authority for the pending multi-billion-dollar Trans Pacific Partnership agreement – a crucial trade deal for agriculture. As The Hill reports, the House voted 218-208 in favour of the bill, which now will head back to the U.S. Senate... Several countries, including Canada, have been pressuring President Barack Obama to secure the needed FTA legislation, warning that without it there will be no TPP deal. More...
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AirBoss acquires Immediate Response Technologies in US$37M deal – Canadian Manufacturing

www.canadianmanufacturing.com June 18, 2015
AirBoss of America Corp. says it has a deal to buy privately owned Immediate Response Technologies LLC for US$37 million in cash. Immediate Response provides personal protection and safety products for chemical, biological, radiological and nuclear hazards, as well as communicable diseases and respiratory threats... In addition to the purchase price, which is subject to working capital adjustments, AirBoss will make additional payments through a combination of cash and equity of up to US$25 mill More...
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Hero to serve first U.S. burger later this month – Buffalo Business First

www.bizjournals.com June 18, 2015
Hero Certified Burgers is poised to open its first U.S. location along Buffalo’s Elmwood Avenue. The Toronto-based Hero Certified Burgers will be opening later this month, taking over the former Zetti’s Pizza location at 976 Elmwood Ave... Hero has locations all over the metropolitan Toronto area with new ones planned for Oakville, Brampton and Vaughan. The Elmwood Avenue site is also a test for the chain to see if will open other regional outlets. More...
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Canadian retailer Kit & Ace sees new Hawaii store as part of international expansion – Pacific Business News

www.bizjournals.com June 18, 2015
Canadian retailer Kit & Ace’s Hawaii expansion to Ala Moana Center’s Macy’s wing is all about its international ambitions, one of its owners told PBN this week. “I think that having a presence in Honolulu, specifically, is a great place for us to have global exposure,” JJ Wilson, co-owner of Kit & Ace and the son of Lululemon Athletica founder Chip Wilson, told PBN... The new 3,000-square-foot store also will act as a test location for the retailer, which expects to have 30 sto More...
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Bombardier, Mesa Airlines extend maintenance deal – Montreal Gazette

montrealgazette.com June 18, 2015
Bombardier announced Thursday it has signed a five-year heavy maintenance agreement with Mesa Air Group Inc. (Mesa Airlines)... Bombardier will be responsible for heavy maintenance of the airline’s fleet of CRJ700 and CRJ900 planes at centres in Macoa, Ga., Bridgeport, W.V., and Tucson, Ariz. Mesa Airlines was the launch customer for the CRJ900 in 2001 and today is one of its largest operators. This year, Mesa placed an order for seven additional CRJ900 aircraft.“Bombardier‘s CRJ Series More...
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DavidsTea reports loss in first quarter after going public – Marketing Magazine

www.marketingmag.ca June 17, 2015
DavidsTea swung to a $93.2-million net loss in the first quarter as it absorbed the costs of becoming a publicly traded company and felt the effects of a weaker Canadian dollar. The Montreal-based company reported after markets closed Tuesday that its loss was equivalent to $7.73 per diluted share for the period ended May 2. That compared with a profit of $1.4-million or seven cents per share in the comparable prior-year period... President and CEO Sylvain Toutant said he was pleased with the re More...
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75 per cent of respondents never heard of biggest free trade deal yet: poll – iPolitics.ca

ipolitics.ca June 17, 2015
It’s the biggest free trade deal Canadians never heard of. A new poll suggests three in four Canadians have no idea that Canada is one of 12 countries immersed in negotiations for the Trans-Pacific Partnership... Fully 75 per cent of respondents said they had never heard of the TPP before being asked about it by the pollster.The telephone poll of 1,002 Canadians was conducted June 3-12 and is considered accurate within plus or minus 3.2 percentage points, 19 times in 20. More...
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Paramount Fine Foods among 3 new Orlando restuarants – Orlando Business Journal

www.bizjournals.com June 16, 2015
... Paramount Fine Foods will make its official U.S. debut at I-Drive 360 today with a grand opening ceremony. The Canadian-based fast-casual Mediterranean concept held a soft opening in late May. The restaurant chain already has signed a lease at the Plaza on University near the University of Central Florida and previously told Orlando Business Journal it plans to open six more locations throughout the region. More...
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Great Lakes conference stresses environment, trade – PLANT

www.plant.ca June 15, 2015
The premiers of Ontario and Quebec and eight US state governors promised to work together to boost maritime trade and combat threats to the Great Lakes during a conference in Quebec City on June 13... “The St. Lawrence offers the shortest link between the great ports of Northern Europe and the industrial ports of North America,” Couillard said during his closing speech. “For us to draw full benefit from this favourable geographical context, it is important that a growing share of today’s More...
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Steep drop in manufacturing sales raises doubts about Canada's economy – Toronto Star

www.thestar.com June 15, 2015
The country's manufacturing sector churned out disappointment to start the second quarter, producing another hint the economy's healing process will take longer than expected... The result, about four times lower than consensus estimates, marked the third month out of the first four this year that manufacturing sales have tumbled. The release of the manufacturing numbers followed the economy's weaker than expected start to 2015, when Canada's real gross domestic product shran More...
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Great Lakes-St. Lawrence region to continue driving Canadian, U.S. economy – Canadian Manufacturing

www.canadianmanufacturing.com June 12, 2015
There is little question of the economic importance of the Great Lakes-St. Lawrence Region. If it were a country, the region would rank as the world’s third-largest economy, and according to a new BMO Economics report, more growth is on the horizon. “The Great Lakes-St. Lawrence region… is a vital driver of North American economic output, employment and trade, accounting for nearly a third of combined Canadian and U.S. output, jobs and exports,” said Doug Porter, Chief Economist at BMO F More...
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Löle's CEO aims to grow company's ‘athleisure' apparel into a global brand – Financial Post

business.financialpost.com June 12, 2015
... Before Mariette became CEO of Quebec-based Coalision Inc. and set the stage for a vast expansion of its women’s apparel line Löle, he was president of surf wear and board sports company Quiksilver Inc., and has long shared Wilson’s passion for active wear... He quickly realized the potential of Löle, whose sales are divided in equal measure between active wear, outerwear such as coats and so-called lifestyle garments — everyday wear products such as sweaters, t-shirts and tunics... L More...
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What You Should Know About the Trans-Pacific Partnership – NYTimes.com

www.nytimes.com June 12, 2015
...for most Americans, the trade deal boils down to how it could affect them. Here's how to understand that. The simple case for the Trans-Pacific Partnership: It would make American companies more successful at selling their goods and services in Pacific Rim countries, leading to a stronger economy, more jobs and higher incomes for American workers... The agreement would also strengthen American diplomatic power in Asia, enabling the United States to be a more effective counterweight to Ch More...
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Where is Canada's national debate over trade dispute panels? – The Globe and Mail

www.theglobeandmail.com June 12, 2015
There is a lively debate going on within Democratic Party ranks and in the U.S. Congress over granting President Barack Obama fast-track authority to complete negotiation of the Trans-Pacific Partnership agreement. Canada is among the 12 states hoping to finalize these negotiations... Among the many concerns identified by critics... is the agreement’s investment chapter and, in particular, its investor-state dispute settlement mechanism... A recent decision of a NAFTA tribunal should give Cana More...
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Canada’s Spin Master buys US- based Cardinal toys – PLANT

www.plant.ca June 11, 2015
Canadian toy maker Spin Master Ltd. is buying one of the oldest privately held toy companies in the United States for an undisclosed price... Spinmaster says Cardinal will continue to operate as a separate company headed by the son of the company’s founder, but benefit from Spin Master’s scale. The Canadian company, which is also privately held, doesn’t give out sales figures but bills itself as the fifth-largest toy maker in the world and the largest in Canada. Cardinal, meanwhile, makes More...
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U.S. House of Representatives votes to repeal COOL labeling law – Canadian Manufacturing

www.canadianmanufacturing.com June 11, 2015
Under threat of trade retaliation from Canada and Mexico, the House has voted to repeal a law requiring country-of-origin labels on packages of beef, pork and poultry. The World Trade Organization rejected a U.S. appeal last month, ruling the labels that say where animals were born, raised and slaughtered are discriminatory against the two U.S. border countries... The House voted 300-131 to repeal labels that tell consumers what countries the meat is from _ for example, “born in Canada, raised More...
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Toronto-based Smoke's reveals plan to take poutine global – The Globe and Mail

www.theglobeandmail.com June 11, 2015
The owners of Smoke’s Poutinerie say they are pursing a rapid global expansion while also branching out with new restaurants that would sell gourmet hot dogs and burritos. Toronto-based Smoke’s Eaterie says it plans to open 1,300 restaurants around the world by 2020 devoted mainly to fans of poutine – the quintessential Quebec fast-food favourite of french fries topped with gravy and smothered in cheese curds... The global expansion plans are centred heavily on the United States, where the More...
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Canada should focus on NAFTA and Mexico – Financial Post

business.financialpost.com June 10, 2015
If Canada’s interest in the North American Free Trade Agreement was in deepening regional trade integration between our economy and the U.S. and Mexico, then we could say it certainly succeeded — at least for about five years... A medium-sized economy like Canada cannot be competitive everywhere. Our greatest advantage lies at home, in North America, where we can advance our role in the regional supply chain. Putting our greatest focus on North America means intensifying our trading relation More...
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B.C. climbs out of commodity slump with U.S. export boom – The Globe and Mail

www.theglobeandmail.com June 10, 2015
British Columbians have long been known for dancing to their own tune. And now, that can be said for the province’s economy, too... B.C.’s gross domestic product grew by 2.6 per cent in 2014, the second-highest provincial growth rate – and it was just getting warmed up... Last year, B.C.’s exports, by value, jumped 7 per cent. Exports to the United States – its biggest market, accounting for about half of the province’s total exports – surged a massive 16 per cent... B.C. manufactu More...
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Canada should focus on NAFTA and Mexico – Financial Post

business.financialpost.com June 10, 2015
Mexico’s growth prospects make it the best option for Canada’s emerging-market expansion and investment plans. If Canada’s interest in the North American Free Trade Agreement was in deepening regional trade integration between our economy and the U.S. and Mexico, then we could say it certainly succeeded — at least for about five years. By 1999, however, Canada’s NAFTA trade had peaked, and it has since only declined as a share of its trade with the rest of the world: from 79 to 66 per More...
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U.S. export market familiar turf for Groupe Canam – Montreal Gazette

montrealgazette.com June 10, 2015
Quebec’s share of the U.S. export market has been declining over the last decade but don’t tell that to Marc Dutil, chief executive of steel fabricator Groupe Canam in St-Georges de Beauce. The U.S. now represents 65 per cent of the company’s sales, Dutil said at a session of the International Economic Forum of the Americas conference in Montreal. And if there’s a perception that it’s getting harder for foreign companies to win business there, consider Canam’s long list of achievemen More...
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Canadian gas exports on downward slide in 2014 – Business in Vancouver

www.biv.com June 09, 2015
Canadian exports of natural gas in 2014 fell to their lowest level in at least 15 years as the rapid growth in domestic Marcellus shale gas production in the United States displaced historical Canadian supplies into the U.S. northeast, National Energy Board (NEB) figures show... Gas exports from export points in Ontario and Quebec to the U.S. dropped by 12% in 2014 from 2013 for a decline of 38% since 2010, says the NEB’s Canadian Energy Dynamics: Review of 2014 report. More...
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Cogeco to buy U.S. cable company for $200-million – The Globe and Mail

www.theglobeandmail.com June 08, 2015
Cogeco Cable Inc. has announced a deal to buy U.S. cable company MetroCast Communications of Connecticut LLC for $200-million (U.S.), making good on its promise to look for U.S. acquisition opportunities. Montreal-based Cogeco said Monday that its wholly-owned subsidiary Atlantic Broadband will purchase the assets of MetroCast Connecticut, which has about 23,000 TV customers, 22,000 Internet customers and 8,000 phone customers in eastern Connecticut... Cogeco first bought Quincy, Mass.-headquart More...
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Eggspectation is attracted to San Antonio’s thriving restaurant market – San Antonio Business Journal

www.bizjournals.com June 08, 2015
A Canadian restaurant cafe concept will be planting Texas roots in San Antonio and it has ambitious expansion plans for the year ahead. Or shall I say, "eggspansion" plans. Eggspectation is just another example of the local restaurant market's ability to attract some new names. The key here is that San Antonio is the first Texas stop, rather than the typical fourth. More...
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Phoenix animal care software bought by a Canadian pet company – Phoenix Business Journal

www.bizjournals.com June 08, 2015
Vestafy, a Phoenix-based work-flow management software created for the animal welfare industry, has been bought by Canadian company Pethealth Inc. The software, which manages care of animals from intake to adoption, was created in April by founder and President Steve Zeidman. More...
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Canada needs data on economic benefits of TPP trade deal – The Globe and Mail

www.theglobeandmail.com June 07, 2015
Back in the days when tariffs were high, tallying the benefits of free trade was a relatively easy task... Tariffs on goods are already pretty low between Canada and most of the other 11 countries involved in the TPP. So the most significant potential gains come from tackling tougher-to-quantify non-tariff barriers, as well as trade in services and investment... The economic payback could also be much smaller than most people realize – negligible, even... More...
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Ontario’s food exports on the rise, but much opportunity exists at home: Report – Canadian Manufacturing

www.canadianmanufacturing.com June 05, 2015
A new report from Food and Beverage Ontario (FBO), the association representing Ontario’s food processors, says exports from Ontario have increased 12 per cent since 2013 to $7.6 billion per year. The organization says this indicates that Ontario’s 3,000 food processors are export-oriented. However, over the same period imports to Ontario increased by 20 per cent to $14.1 billion annually. More...
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Canadian clothing retailer Kit and Ace confirms Hawaii expansion to Ala Moana Center – Pacific Business News

www.bizjournals.com June 05, 2015
Canadian retailer Kit and Ace, which was founded by the family of Lululemon Athletica’s founder, has confirmed to PBN that it is opening its first Hawaii store at Ala Moana Center in Honolulu on July 16. PBN first reported that Kit and Ace, which sells clothing that can be used as street wear but fashionable enough to be worn during a night out on the town, was expanding to HawThe pop-up store will be located in the Macy’s wing of the mall’s second level between Martin & MacArthur and More...
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Canada seeks $3-billion in tariffs on U.S. products in step toward trade war – The Globe and Mail

www.theglobeandmail.com June 04, 2015
Canada has filed a request to impose more than $3-billion a year in tariffs on the United States unless a simmering trade dispute gets resolved quickly. The Canadian government has asked the World Trade Organization to authorize punitive measures against dozens of American products including meat, wine and chocolate... And if the law’s not gone within a few weeks there could be retaliatory tariffs on up to 38 U.S. products that amount to $8-billion (U.S.) in annual exports to Canada, with the More...
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Five reasons why Canadian small businesses should expand to the U.S. – Expand in the USA

www.expandintheusa.com June 03, 2015
There are many voices calling on Canadians to expand overseas to seize growing business opportunities in diverse global markets. In fact, Canadian exports rose 5.7 per cent in 2014, according to Economic Development Canada. More...
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Federal trade minister says more trade agreements needed to boost auto sector – Windsor Star

blogs.windsorstar.com June 04, 2015
Canada’s federal government will not reconsider the North American Free Trade Agreement to stem the flow of auto plants and jobs heading to Mexico, said International Trade Minister Ed Fast on Thursday. Canada instead can support the auto sector by securing more trade agreements across the globe — in China, India, Korea and across Europe — to give auto parts manufacturers “new preferential access to markets abroad,” he said. “(Mexico) has one big advantage – very low wage rates, More...
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Environics partners with Waggener Edstrom – Strategy

strategyonline.ca June 03, 2015
Environics Communications, the largest independent public relations firm in Canada, has announced a partnership with Seattle-based Waggener Edstrom, the second-largest independent firm in the U.S. While the move is not an acquisition or merger, and Environics will remain its own agency, the partnership gives it access to Waggener Edstrom’s global network and resources... “Now, when Waggener Edstrom is called for a global RFP, we’ll be at the table as the Canadian partner.” He adds that More...
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Maplehurst Bakeries To Locate $102.8 Million Production Center In Lebanon, Tennessee – Area Development

www.areadevelopment.com June 03, 2015
Maplehurst Bakeries, a division of Canada-based Weston Foods, will invest $102.8 million to build and equip a new 173,000 square foot manufacturing facility in Lebanon, Tennessee. The new facility, which is expected to be operational in the first quarter of 2016, will house warehouse, distribution, and manufacturing operations for its donut production to service customers across North America and around the world. More...
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Canada April trade gap second-widest ever after March record – The Globe and Mail

www.theglobeandmail.com June 03, 2015
Canada reported its second-largest merchandise trade deficit ever in April, narrowing from the record shortfall set in March as imports fell faster than exports.The deficit of $2.97-billion followed a March gap that was revised to $3.85-billion from an initial $3.02-billion, Statistics Canada said Wednesday in Ottawa... .Exports declined 0.7 per cent to $41.9-billion, the fourth straight drop and the lowest total since January 2014. More...
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Wisconsin Gov. Scott Walker leads trade mission to Canada – Milwaukee – Milwaukee Business Journal

www.bizjournals.com June 03, 2015
Wisconsin Gov. Scott Walker is planning a trade mission to Canada. Wisconsin Gov. Scott Walker and representatives of the Wisconsin Economic Development Corp. will travel to Canada June 12 to 17 to drum up more business with the state’s top export partner... The trip north will include meetings with officials from Canadian companies that have operations in Wisconsin and those that are looking to expand or invest in the U.S. More...
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Bathtub-maker MAAX is still very much afloat – Montreal Gazette

montrealgazette.com June 03, 2015
So whatever became of MAAX Inc.? It’s still a going concern, under new ownership and management, still based in Quebec, and back in growth mode after getting mauled by the U.S. housing crisis of 2008-’09. “We’re not back to the heyday, but we’re on our way back,” chief executive Mark Gold said this week... An American from Colorado Springs, Colo., he had been chief executive of a hand-tool company, Western Forge, and previously worked for 17 years for Black & Decker. He knew MA More...
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Freshii set to announce partnership with major U.S. retailer – Financial Post

business.financialpost.com June 03, 2015
Canadian fast-casual restaurant operator Freshii is planning to announce within the next two months a tie-up with a large U.S.-based retailer to open its eateries inside the retailer’s stores. The retailer has a “very sizeable real estate footprint and access to thousands of customers coming in everyday,” Freshii Chief Executive Matthew Corrin said, but declined to provide details. Corrin drew eyeballs last month with an open letter to McDonald’s Corp in which he urged the fast-food oper More...
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Mexico to grow role in vehicle design and development – The Globe and Mail

www.theglobeandmail.com June 03, 2015
Mexico is taking aim at highly skilled research and development jobs in the auto industry to match the growth of vehicle assembly, a senior Mexican auto-industry official says.Expanding Mexico’s role in vehicle design and development is part of the country’s plan to become an even stronger automotive powerhouse than it already is, Oscar Albin, president of Industria Nacional de Autopartes told the Automotive Parts Manufacturers’ Association of Canada at its annual conference in Windsor, On More...
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