Canadian chemistry industry enjoys profitable 2011

OTTAWA – Canada’s chemistry sector showed strong growth and profits in 2011, according to a year-end report released today by the Chemistry Industry Association of Canada.

Chemistry industry shows significant recovery in 2010

OTTAWA – Canada’s chemistry sector experienced a solid recovery in 2010, according to a year-end survey of the industry prepared by the Chemistry Industry Association of Canada (CIAC). Sales of basic chemicals and resins totalled $21 billion in 2010 – a 14 per cent increase over 2009. Operating profits were $2.3 billion, up 73 per cent from the previous year.

Chemistry Industry not Immune to Recession
Year-End Survey Reports Sharp Declines – Slow Path to Recovery Projected for 2010

OTTAWA – According to the Year-End Survey prepared by the Canadian Chemical Producers’ Association (CCPA), the chemistry industry fared no better than other manufacturing sectors in 2009. Recessionary forces were primarily responsible for a sharp decline in sales of basic chemicals and resins in 2009 – a decrease of 35% to $16.6 billion from 2008 levels in current dollars.