Canada chemical plant utilisation rises to 77.5% in first quarter

14 June 2011 15:27  [Source: ICIS news]

TORONTO (ICIS)--Plant capacity utilisation in Canada’s chemical industry rose to 77.5% in the first quarter, driven by higher production and exports of resins, synthetic rubbers, synthetic fibres and filaments, a government statistics agency said on Tuesday.

The 2011 first-quarter chemical capacity utilisation rate reflects increases of 3.6 percentage points from 73.9% in the 2010 fourth quarter and of 1.3 percentage points from 76.2% in the 2010 first quarter, Statistics Canada said.

Overall, Canada’s industry operated at 79.0% of its production capacity in the first quarter - up 2.2 percentage points from 76.8% in the 2010 fourth-quarter and up 4.3 percentage points from 74.7% in the 2010 first quarter.

The increase in the overall rate was the seventh consecutive quarterly increase and the largest since the fourth quarter of 2009, the agency said.

In manufacturing, first-quarter capacity utilisation was 79.7% - up 2.8 percentage points from 76.9% in the 2010 fourth quarter and up 4.9 percentage points from 74.8% in the 2010 first quarter.

In related industry news, chemical shipments on Canadian railroads rose 11.4% to 256,293 year to date to 4 June, a rail industry trade group reported.

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By: Stefan Baumgarten
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