31 March 2009 21:06 [Source: ICIS news]
TORONTO (ICIS news)--?xml:namespace>
A moderate rise in production by the manufacturers of pharmaceutical products was not sufficient to offset a reduction by manufacturers of basic chemicals, resin, synthetic rubber, pesticide and fertilizer, the agency said.
It did not provide comparable data for the 2007 fourth quarter.
For all of 2008, chemical capacity utilisation was 81%, down from 82% in 2007.
The capacity utilisation data compares with overall Canadian manufacturing capacity utilisation of 73.8% in the fourth quarter, down 5 percentage points from 78.8% in the third quarter, and full-year 2008 manufacturing capacity utilisation of 78.1%, down 4.8 points from 82.9% in 2007.
Transportation equipment manufacturing and primary metal manufacturing were the main contributors to the decrease in the fourth quarter, the agency said.
Manufacturers of motor vehicle and car parts recorded declining demand, and some manufacturers temporarily shut down plants during December, it said.
In related news on Tuesday, commentators said
Charlotte Yates, head of social sciences and labour studies at
Her comments came after federal industry minister Tony Clement on Monday rejected restructuring plans submitted by the Canadian affiliates of General Motors (GM) and Chrysler as “not sufficient”.
“While the restructuring plans represent progress, they do not go far enough to ensure the long-term viability of these companies. Therefore, we are not certifying their proposals,” Clement said.
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