Canadian manufacturing sales increase
Higher sales reported in 15 of 21 industries, a sign that Canadian manufacturers rebounding
Attendee at the Canadian Manufacturing Technology Show October 17-20 will hear that manufacturing sales are on the rise following three straight declines.
Coinciding with reports of the country’s increase in manufacturing sales is a heightened interest in CMTS 2011, which takes place October 17 to 20 at the Direct Energy Centre in Toronto. In fact, the number of show exhibitors is up by 33 percent, and attendee pre-registration is significantly stronger, compared to two years ago, says Nick Samain, Event Manager with the Society of Manufacturing Engineers, organizers of CMTS 2011.
According to the Statistics Canada report, manufacturing sales are up in seven provinces, with the largest gains in Ontario coming from the transportation equipment, miscellaneous manufacturing, and petroleum and coal product industries. In total, higher sales were reported in 15 of 21 industries, a sign that Canadian manufacturers are continuing to rebound, says Samain, noting that many are also learning to reinvent themselves, like the auto parts factories in Windsor, Ontario, that recently made headline news for successfully transitioning to green-energy manufacturing.
“Mirroring the growth of the industry, the significant increase in both CMTS exhibitor and visitor interest reinforces the important role manufacturing continues to play in Canada,” Samain explains, adding that a new international component of the show being introduced for the first time – featuring suppliers from more than 40 countries – demonstrates that countries worldwide recognize Canada’s pivotal role in manufacturing as well.
“Manufacturing is the number one driver for the Canadian economy, with the success of manufacturers directly related to the standard of living of our country as a whole,” Samain emphasizes, noting that one manufacturing job typically leads to the creation of six additional jobs.
To accommodate growing interest in CMTS, show organizers have announced an expanded venue, featuring the unveiling of 150 new products, live equipment demonstrations, exclusive industry keynotes from business leaders and television personalities Kevin O’Leary and John McElroy, interactive panel discussions and excellent industry-wide networking opportunities.