Investment

Investment in Dimachem yields more job creation – BlackburnNews.com

Published

3 years ago

April 21, 2022

Harry Miller

Investment in Dimachem yields more job creation

Dimachem VP Andrew Conway speaks about investments to Windsor facility, April 21, 2022. (Photo by Maureen Revait)

By Maureen Revait
April 21, 2022 2:20pm

An investment in a Windsor-based company that is now producing Canada’s supply of Pine-Sol has created more jobs than originally anticipated.

Last year, the provincial government announced an $850,000 investment in Dimachem Inc. to scale up production to manufacture 10-million bottles of the product for Clorox Canada.

The Federal Economy Development Agency also invested $1-million in the $5 million expansion of the facility.

“The Government of Canada is making smart investments to ensure that Canadian manufacturers have the support they need to produce made-in-Canada solutions and seize new opportunities for economic growth. Today’s investment in Dimachem Inc will create jobs, drive economic growth and protect Canadian manufacturing and supply chains,” said Minister for Federal Economic Development Agency for Southern Ontario Helena Jaczek.

Vice President of Dimachem Andrew Conway said as a small company, they could not have completed this expansion without the government support.

“That support has allowed us to buy state-of-the-art blow modeling equipment, state-of-the-art filling, capping, labeling, day coding, packaging, robotic palletizing equipment and that has then driven the hiring which has exceeded the original 14 estimate,” said Conway.

The company has been able to hire 27 people in total and expects to start a third shift in the near future.

“Right now we’ve got a significant contract with Clorox and we’re in a wonderful position with them where they want more production from us. So we’re working very diligently as a team to get our production rates up because right now we can fill this line with Clorox business,” said Conway.

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Investment

S&P/TSX composite up more than 100 points, U.S. stock markets mixed

Published

7 days ago

October 16, 2024

Anne Joseph

TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 103.40 points at 24,542.48.

In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.

The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.

The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.

The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.

This report by The Canadian Press was first published Oct. 16, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

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Economy

S&P/TSX up more than 200 points, U.S. markets also higher

Published

2 weeks ago

October 11, 2024

Anne Joseph

TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.

The S&P/TSX composite index was up 205.86 points at 24,508.12.

In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.

The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.

The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.

The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.

This report by The Canadian Press was first published Oct. 11, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

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Economy

S&P/TSX composite little changed in late-morning trading, U.S. stock markets down

Published

2 weeks ago

October 10, 2024

Anne Joseph

TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.

The S&P/TSX composite index was up 0.05 of a point at 24,224.95.

In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.

The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.

The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.

The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.

This report by The Canadian Press was first published Oct. 10, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

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