Latest News

Canada dropped two spots to 12th overall in the 32nd edition of Global Competitiveness Report 2011-12, released today by the World Economic Forum. Canada has fallen three places in the global rankings since 2009, despite achieving almost identical overall competitiveness scores over the past three years. To the Conference Board of Canada — the Canadian partner institute in preparing the report — this year’s ranking reinforces how global competitors continue to gain ground. Canada must emphasize improvements to its productivity and competitiveness to maintain its high standard of living and quality of life. “Canada should not be satisfied with its…

Preventive maintenance is a key component in maximizing a pump’s lifespan, not to mention cost savings, increased profitability, increased pump availability, improved productivity and decreased repair costs. Thus, it makes sense for pump owners and users to implement a comprehensive service and maintenance program. To yield maximum profit, equipment must be operated properly. Effective service and maintenance keeps equipment working at peak efficiency; so service and maintenance should not be viewed as a strain on income. Rather, they should be considered a contribution to output. The key to a good service and maintenance program is preventive maintenance. This includes adjusting…

Samsung Renewable Energy Inc. has selected London, Ont., as the site for a new manufacturing facility that will produce state-of-the-art solar modules for use in Ontario and for export around the world. It is expected the new factory will employ 200 direct, long-term manufacturing positions. An additional 120 indirect jobs are expected to be created as well. Once realized, the plant will fulfill Samsung's manufacturing commitment under its Green Energy Investment Act (GEIA) agreement with the Government of Ontario. Under the terms of the GEIA, Samsung and its partners will invest $7 billion in new investment in Ontario to create…