Reports related to this article:
Project(s): View 7 related projects in PECWeb
Plant(s): View 6 related plants in PECWeb
Released June 16, 2017 | SUGAR LAND
en
Researched by Industrial Info Resources (Sugar Land, Texas)-- Canada's economy added 317,000 jobs in the past year, its strongest 12-month showing since February 2013, according to CBC News. In the heavily populated eastern provinces, improving market conditions for the mining and manufacturing industries are fueling much of the growth. Industrial Info is tracking more than $13.5 billion in active projects set to begin construction in Eastern Canada in the second half of the year, more than three-quarters of which are in just three industries: Metals & Minerals, Industrial Manufacturing and Oil & Gas Pipelines.
Click on the image at right for a graph detailing planned second-half 2017 project kickoffs in Eastern Canada, by industry.
The Eastern Canadian region includes the provinces of Ontario, Quebec and the Atlantic provinces of New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland and Labrador.
Canada's Metals & Minerals Industry saw some of the strongest sales growth in the past two months, according to Statistics Canada. Although the industry, one of the biggest in Ontario and Quebec, is benefiting from steady gains in metals prices, many of its projects remain in the planning stages, where plenty of factors could increase, decrease or eliminate the expected spending. Two examples can be found in Quebec: Yara International ASA's (Oslo, Norway) $772 million apatite and magnetite mine in Sept-Iles and Granada Gold Mine Incorporated's (Coquitlam, British Columbia) $250 million gold mine in Rouyn-Noranda.
The Sept-Iles project involves building a 23.7 million-ton-per-year open pit mine to produce 1.4 million tons per year of apatite concentrate and 2.33 million tons per year of magnetite as a by-product over a 30-year mine life; the Rouyn-Noranda project involves restarting a mine closed since 2006 to produce 102,000 ounces per year of gold over a 10-year life. Last month, Granada released a maiden underground resource estimate indicating large gold deposits. For more information, see Industrial Info's project reports on the Sept-Iles and Rouyn-Noranda mines.
Much of the Industrial Manufacturing Industry's $2.65 billion in projected construction starts are intended to address the growing demand infrastructure in heavily populated areas. Metrolinx's $1 billion light rail transit extension in Toronto, Ontario, would run 6.8 miles from Finch Station, near York University, to Humber College. It would include 16 stations, plus a maintenance and storage facility. For more information, see Industrial Info's project report.
The automotive sector is among the strongest-performing in Canada's Industrial Manufacturing Industry. According to Statistics Canada, vehicle sales in May 2017 increased 11% from the same month last year, a record for the month of May and a reflection of its improving U.S. counterpart.
Industrial Info is tracking a pair of equipment-addition projects in Ontario that are planned for the year: Toyota Motor Corporation's (NYSE:TM) (Toyota, Japan) $3 million in additions at an automotive stamping plant in Stratford, and Matcor Matsu Group Corporation's (Brampton, Ontario) $2.5 million in additions at a stamping plant in Brampton. The companies are seeking to boost production of materials such as door frames, sunroofs, frame moldings and seating. For more information, see Industrial Info's reports on the Stratford and Brampton projects.
In Nova Scotia, Melford International Terminal Incorporated (Middle Melford, Nova Scotia) is planning a $425 million container terminal in Guysborough, Nova Scotia, which could handle up to 1.5 million 20-foot equivalent containers. In late April, a Melford official told a local Chamber of Commerce that environmental approvals for the terminal were "in hand" and that engineering work had been completed, but that the company was continuing to seek a carrier commitment, according to Halifax's Chronicle Herald. For more information, see Industrial Info's project report.
Among the nearly $2.5 billion in Oil & Gas Pipeline projects slated for the second half of the year is Enbridge Incorporated's (NYSE:ENB) (Calgary) $190 million Line 10 Crude Oil Pipeline Replacement in southern Ontario. Enbridge plans to replace a 12-inch-diameter, 22-mile section of Line 10, running from Flamborough to and Binbrook, Ontario, and replace it with 20-inch-diameter line with four main line valves. For more information, see Industrial Info's project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
The Eastern Canadian region includes the provinces of Ontario, Quebec and the Atlantic provinces of New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland and Labrador.
Canada's Metals & Minerals Industry saw some of the strongest sales growth in the past two months, according to Statistics Canada. Although the industry, one of the biggest in Ontario and Quebec, is benefiting from steady gains in metals prices, many of its projects remain in the planning stages, where plenty of factors could increase, decrease or eliminate the expected spending. Two examples can be found in Quebec: Yara International ASA's (Oslo, Norway) $772 million apatite and magnetite mine in Sept-Iles and Granada Gold Mine Incorporated's (Coquitlam, British Columbia) $250 million gold mine in Rouyn-Noranda.
The Sept-Iles project involves building a 23.7 million-ton-per-year open pit mine to produce 1.4 million tons per year of apatite concentrate and 2.33 million tons per year of magnetite as a by-product over a 30-year mine life; the Rouyn-Noranda project involves restarting a mine closed since 2006 to produce 102,000 ounces per year of gold over a 10-year life. Last month, Granada released a maiden underground resource estimate indicating large gold deposits. For more information, see Industrial Info's project reports on the Sept-Iles and Rouyn-Noranda mines.
Much of the Industrial Manufacturing Industry's $2.65 billion in projected construction starts are intended to address the growing demand infrastructure in heavily populated areas. Metrolinx's $1 billion light rail transit extension in Toronto, Ontario, would run 6.8 miles from Finch Station, near York University, to Humber College. It would include 16 stations, plus a maintenance and storage facility. For more information, see Industrial Info's project report.
The automotive sector is among the strongest-performing in Canada's Industrial Manufacturing Industry. According to Statistics Canada, vehicle sales in May 2017 increased 11% from the same month last year, a record for the month of May and a reflection of its improving U.S. counterpart.
Industrial Info is tracking a pair of equipment-addition projects in Ontario that are planned for the year: Toyota Motor Corporation's (NYSE:TM) (Toyota, Japan) $3 million in additions at an automotive stamping plant in Stratford, and Matcor Matsu Group Corporation's (Brampton, Ontario) $2.5 million in additions at a stamping plant in Brampton. The companies are seeking to boost production of materials such as door frames, sunroofs, frame moldings and seating. For more information, see Industrial Info's reports on the Stratford and Brampton projects.
In Nova Scotia, Melford International Terminal Incorporated (Middle Melford, Nova Scotia) is planning a $425 million container terminal in Guysborough, Nova Scotia, which could handle up to 1.5 million 20-foot equivalent containers. In late April, a Melford official told a local Chamber of Commerce that environmental approvals for the terminal were "in hand" and that engineering work had been completed, but that the company was continuing to seek a carrier commitment, according to Halifax's Chronicle Herald. For more information, see Industrial Info's project report.
Among the nearly $2.5 billion in Oil & Gas Pipeline projects slated for the second half of the year is Enbridge Incorporated's (NYSE:ENB) (Calgary) $190 million Line 10 Crude Oil Pipeline Replacement in southern Ontario. Enbridge plans to replace a 12-inch-diameter, 22-mile section of Line 10, running from Flamborough to and Binbrook, Ontario, and replace it with 20-inch-diameter line with four main line valves. For more information, see Industrial Info's project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
