Canadian chemistry sector poised for significant growth
Canada's chemistry industry could attract close to $5 billion in new investment over the next decade, according to estimates by the Chemistry Industry Association of Canada (CIAC), cited today at the association's annual general meeting. If secured, that new investment would stimulate growth throughout the Canadian economy, with the chemistry sector providing the building blocks and services needed by more than a dozen industries - from clothing and pharmaceutical companies, to natural resource developers, the construction industry and the auto sector.
"The time to rebuild Canada's manufacturing sector - including the chemistry industry - is now," said Richard Paton, CIAC's President and CEO.
"We have the tools right at our fingertips: our country's wealth of natural resources, access to competitively priced raw materials, and Canada's positive policy and tax environment."
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