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CFIB Warns that Declining Machinery Investment Poses Risk to Canada’s Productivity

Manufacturing
A new report from the Canadian Federation of Independent Business (CFIB) shows that 32 percent of small businesses in Canada expect their capital investments to decrease in the next two years. Moreover, the study highlights that only 40 percent are actively investing to enhance their productivity. CFIB’s findings indicate that, when adjusted for workforce size, business investment in machinery and equipment fell by 16 percent — roughly $1,178 less per private sector worker — between 2013 and 2023. This decline is exacerbating Canada’s productivity issues, which already trail behind most G7

Canacintra seeks to boost the metal-mechanical sector

MEXICO CITY - The metal-mechanic industry includes everything from screw manufacturers to equipment producers, and the National Chamber of the Transformation Industry (Canacintra) is seeking to boost this sector through certifications, greater linkage and technification of production plants, explained Pablo Alberto Briseño Alonso, liaison president of the metal-mechanic branch of the business organization. The metal-mechanic industry is made up of 18 branches and the lack of an industrial policy aimed at promoting this sector has limited the growth of some of them. For example, according to

PLASTIMAGEN 2013: 30 empresas italianas presentes

PLASTIMAGEN Mexico 2013, the leading event in the plastics industry in Latin America, will present the latest technology and trends to more than 30,000 professional visitors from more than 34 countries. Given the importance of this event, it is expected to close business for more than 120 million dollars, which is equivalent to more than 15% of the investment in machinery in the industry. Visitors will be able to learn about the national and international technology that Plastimagen Mexico presents, as well as the vanguard and plastic solutions for the automotive, pharmaceutical, food and