#5 Summer 2018

Magna Buys Italian Automotive Light Maker OLSA

Canadian headquartered automotive holding Magna International Inc has signed a deal to buy Italy’s OLSA S.p.A. The transaction is valued at $354 million (230 million euros). OLSA, based in Turin, Italy, employs about 2,500 people and has manufacturing operations in Italy, Poland, Brazil, China, and Mexico.
Number : #5 Summer 2018   |   Section: Industry News   |   Country : Canada

Bonatti Group Awarded Contract For Transcanada’s Coastal Gaslink Project

TransCanada Corporation has conditionally awarded Pacific Atlantic Pipeline Construction Ltd, a Calgary-based Canadian company that is part of Italian engineering and construction firm Bonatti Group, a construction contract for a portion of the Coastal Gaslink Project, pending a positive investment decision by the partners of LNG Canada for the construction of a natural gas liquefaction facility in Kitimat, British Columbia (B.C.), Canada.
Number : #5 Summer 2018   |   Section: Industry News   |   Country : Canada

Italian Packaging Machinery Industry Races Ahead As Turnover Reaches €7.19 Billion

According to data collected by the research department of UCIMA, the packaging machinery industry, one of the most dynamic Italian manufacturing sectors, recorded a solid 8.9% growth in 2017, with a turnover exceeding €7 billion (€7.19 billion). Export sales totaled €5.7 billion in 2017 (79.1% of the total production), 7.5% up from 2016.
Number : #5 Summer 2018   |   Section: Industry News   |   Country : Canada

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