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The injection molding and contract manufacturing company is celebrating its 100th anniversary by distributing $15 million worth of bonuses to workers in all of its US plants.
A study by Harbour Results reports that 2020 automotive vendor tooling spend in North America will be $6.4 billion less than originally forecast and 31% below the $9.3 billion total in 2019.
On the day that Hindenburg Research released its report accusing Loop Industries of fraud, a class action lawsuit was filed against the advanced recycling technology company.
“By designating plastics as ‘toxic,’ the Canadian government is recklessly making policy that could have significant negative impacts on human health,” said Plastics Industry Association President and CEO Tony Radoszewski.
The US plastics industry accounted for an estimated $432 billion in shipments and more than one million jobs in 2019, according to the "2020 Size & Impact Report" from the Plastics Industry Association.