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Pason Systems Inc(PSI-T)

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Latest News

Closing Bell: Pason Systems Inc flat on Thursday (PSI)
The Globe and Mail - Thu Jun 8, 4:02PM CDT
The Globe and Mail
Thu Jun 8, 4:02PM CDT
Stocks Bleed Tuesday
Baystreet - Tue May 16, 3:19PM CDT
Tue May 16, 3:19PM CDT
Equities on both sides of the border felt the brunt of investor selling Tuesday, with stock players ...
Employees at Magna Closures Dortec Industries in Markham Feb 19, 2013. in one word: China. The Magna International Inc. plant in Newmarket, Ont., had been around since 1985, making door latches for cars, trucks and minivans. Latches take a lot of work to put together, they're easy to package and can be easily shipped anywhere around the world, so Magna's customers wanted the Canadian auto parts giant to open a plant in China to keep costs in check. Magna complied with the requests and opened a latch plant in Kunshan in 2001. But it kept Dortec open as well. The boom in North American auto production in the first half of the 2000s ensured there was enough work to go around, and the plant was even able to generate higher profits than the average Magna factory. By 2006, however, the business was being battered by soaring commodity prices and demands by the auto makers for price cuts. Executives at Magna Closures Inc., which oversees both the Newmarket and China operations, turned for help to a retired Toyota Motor Corp. vice-president to teach the company how to develop a first-rate manufacturing system. Seven years later, Dortec is at the head of the class. It is also defying the notion that low-cost countries have sounded the death knell for manufacturing in Canada - so much so that side-door latches assembled in Newmarket are shipped from "high-cost" Canada to auto makers in China, Thailand and other low-cost regions.(Moe Doiron/The Globe and Mail)
Monday’s analyst upgrades and downgrades
The Globe and Mail - Mon May 8, 6:01AM CDT
The Globe and Mail
Mon May 8, 6:01AM CDT
Inside the Market’s roundup of some of today’s key analyst actions

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