Chemical Industry Toronto represents the most developed Chemical Industry of Canada. Studies have revealed that the average annual profit of Canadian Chemical Companies have grown tremendously during the past decade. It is being claimed that the increased profit can amount to double the profits that are generated by the U.S Chemical Companies.
The most prominent Chemical Companies of these strong Canadian Chemical Industry are located at Toronto. Toronto is the provincial capital of Ontario. This Ontario province which is the largest province of Canada in terms of population holds most of the reputed Chemical Companies of Canada within its territory. So, the provincial capital Toronto and the whole province of Ontario holds the most important place in the Chemical Industry Sector in Canada.
It is said that among the 10 largest Chemical Companies of the world, almost 8 companies have network in Ontario. According to a study Ontario's Chemical Industry generated 19.8 billion revenue in the year 2005.
The Chemical Companies of Ontario are clustered at different locations. Among these clusters the main cluster operates in Toronto. The Chemical Industry Toronto mainly comprises of the chemical companies which produces the chemical products like:
- Lubricants
- Laundry Detergent
- Paints
- Adhesives
- Medical Gases which are used in Hospitals
Other than these main chemical products the other chemical produces of Chemical Industry Toronto
are agri-chemical products, basic chemical products, inks, resin, soaps and toiletries.
The most famous chemical companies which have their network in Greater Toronto Area are the following:
- Recochem
- Hercules
- Cognis
- Arkema
Reasons behind the sustained development and growth of Chemical Industry Toronto are the following:
- The Toronto Chemical Companies have the advantage of low operating costs.
Chemical Industry Toronto is supported by excellent transportation system which helps in marketing and selling of the products and also helps in exports.
- The Toronto Chemical Companies are endowed with high quality Research and Development Infrastructure.
- Toronto has Export oriented domestic markets for chemicals which are used in paper industries, biotech industries, automobile and mining industries.