IHS Chemical Week

Regions :: North America :: Canada

Canada

9:51 AM MDT | July 30, 2007 | Peck Hwee Sim

Profits Rise, as do Regulatory Challenges Canada’s basic chemicals and plastics industry continues its climb toward a cyclical peak, although the slowing U.S. and Canadian economies have begun to put a drag on the industry’s ascent, says the Canadian Chemical Producers’ Association (CCPA; Ottawa). “There is now a significant slowdown in the U.S. housing market, and this could impact demand next year,” says Richard Paton, president and CEO of CCPA. Operating profits for Canadian basic chemicals and resins are expected to jump 18%, to...

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