15 June 2010 15:47 [Source: ICIS news]
TORONTO (ICIS news)--Capacity utilisation at Canadian-based chemical plants rose to 82.1% in the first quarter, driven by increased production in pharmaceuticals as well as petrochemicals, a government statistics agency said in a report on Tuesday.
Year over year, chemical plant capacity utilisation rose by 12.3 percentage points from 69.8% in the 2009 first quarter. Sequentially, chemical plant utilisation rose by 5.4 percentage points from 76.7% in the 2009 fourth quarter, Statistics Canada said.
The increase in chemicals compared with overall capacity utilisation in ?xml:namespace>
In addition to chemicals, the main contributors to the increase in manufacturing capacity utilisation were transportation equipment, primary metals, and machinery manufacturing, the agency said.
The agency also noted that capacity utilisation in
In related industry news, Canadian chemical railcar shipments are up by 27.3% to 320,838 year to date to 5 June, from 251,987 in the same period in 2009, according to the Association of American Railroads (AAR).
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