What Companies Are in the Basic Industries Field in Canada?
- mila
- April 13, 2023
- Business
- canadian basic industries field, top 10 companies are in the basic industries field, what companies are in the basic industries field
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Are you curious about the basic industry field in Canada and which companies operate in this sector? Look no further! This blog post will explore some of the major players in Canada’s basic industry field. These companies play a vital role in driving Canada’s economy forward, from mining and forestry to energy and chemicals. So let’s dive into the world of basic industries and discover what makes them so essential to our everyday lives.
What Are Basic Industries?
Basic industries are crucial for providing the fundamental raw materials and energy sources required for manufacturing in other industries. These industries typically sell their products directly to manufacturers instead of consumers because they play a foundational role in producing essential goods and services. For instance, the production of vehicles and appliances sold to consumers heavily relies on the steel industry.
As basic industries are heavily reliant on natural resources, their products, including metals, fuels, and food crops, are frequently exported rather than sold domestically. In some instances, these key products may be utilized as economic leverage or as incentives for trade collaborations between nations.
What Are the Types of Basic Industries?
Basic industries are those that are essential to the functioning of a country or region. They are the foundation upon which other industries are built and often provide the raw materials that other industries use. In Canada, there are four main types of basic industries:
Agriculture involves cultivating crops primarily for food production, and almost half of the land area in the United States is dedicated to this purpose. The midwestern region of the country is known for producing significant quantities of corn, soy, and wheat.
Since the 19th century, oil and gas have been major sources of energy, with oil being used as fuel for heat and electricity generation. Natural gas is extracted and distributed through pipelines.
Mining refers to the process of extracting minerals, metals, and coal from the earth, and in 2020, American mines produced raw minerals worth about $82 billion.
Steel, a widely used building material, is created by combining carbon and iron at extremely high temperatures. It is essential in the construction of various infrastructures, such as vehicles and buildings.
The paper and pulp industry uses wood materials to manufacture products like office paper, cardboard, and packaging, accounting for a significant portion of global wood product consumption.
The chemical industry supplies other industries with an extensive range of gas and chemical products, including lab-created materials like adhesives, gels, monomers, elastomers, and polyethylenes.
The utility sector includes those industries that provide critical services such as electricity, water, and waste management. These services are essential for both households and businesses, making this sector crucial to the functioning of the Canadian economy.
Top Companies in Basic Industries in Canada
1. Suncor Energy Inc.
Suncor Energy Inc. is a Canadian integrated energy company based in Calgary, Alberta. It specializes in the production of crude oil and natural gas. Suncor is one of Canada’s largest companies in the Basic Industries field.
The company is involved in the exploration, production and marketing of crude oil and natural gas and the development, production and marketing of petroleum products. The company operates an extensive refining system in Canada. It also owns a large network of retail fuel outlets in Canada. Suncor also has a joint venture interest in Syncrude Canada Ltd., one of the world’s largest producers of synthetic crude oil from oil sands. In addition, Suncor markets additional products such as lubricants, petrochemicals and renewable energy generation products.
Website: www.suncor.com/
2. Canadian Natural Resources Ltd.
Canadian Natural Resources Ltd. (CNRL) is one of Canada’s largest companies in the basic industries field. It is a publicly-traded company with over $40 billion in market capitalization. The company operates in the oil and gas industry and is headquartered in Calgary, Alberta.
The company is involved in developing, producing, and marketing crude oil and natural gas. The company’s operations are focused in Western Canada, North America, and the United Kingdom. CNRL is one of Canada’s largest crude oil and natural gas producers. The company also owns and operates a number of oil sand projects in Alberta.
Website: www.cnrl.com/
3. Sollio Agriculture
Sollio Agriculture is one of Canada’s leading companies in the Basic Industries field. They are a subsidiary of La Coop fédérée and are headquartered in Quebec. Sollio Agriculture has a long history dating back to the early days of Canadian settlement and has been a key player in the development of the Canadian agricultural industry. Today, they are a leading provider of agricultural products and services and are committed to helping farmers succeed. It offers a wide range of products and services, and they are always looking for new ways to help its customers succeed.
Sollio Agriculture’s core values are about developing innovative products and services for farmers and providing quality customer service. They strive to be a leader in sustainable agricultural practices and are dedicated to helping farmers produce high-quality food products. Sollio Agriculture is committed to the well-being of their customers, employees, communities and environment. They are committed to environmental stewardship and seek ways to reduce their environmental footprint while achieving economic success.
Website: www.sollio.ag/en
4. Imperial Oil Ltd.
Imperial Oil Ltd. is one of Canada’s largest integrated oil companies. It is headquartered in Calgary, Alberta, and its shares are traded on the Toronto Stock Exchange under the symbol IMO. As of December 31, 2016, Imperial Oil had total assets of $43.1 billion and a market capitalization of $26.8 billion. Imperial Oil is a majority-owned subsidiary of ExxonMobil Corporation, one of the world’s largest publicly traded oil and gas companies.
It operates in three main business segments: upstream operations (exploration, development, and production of crude oil and natural gas), downstream operations (refining, marketing, transportation, and retail sales of petroleum products), and chemicals operations (manufacturing and marketing petrochemical products). The company has interests in more than 1,800 service stations across Canada under the Esso brand. It also owns approximately 2% of Syncrude Canada Ltd., one of the world’s largest producers of synthetic crude oil from bitumen deposits in northern Alberta.
Website: www.imperialoil.ca/en-CA
5. Teck Resources Ltd.
Teck Resources Ltd., headquartered in Vancouver, British Columbia, is a mining and metals company. It is Canada’s largest diversified mining company, and its operations include coal, copper, gold, and zinc mines in North America, South America, Africa, and Australia. Teck also has interests in oil sand development and owns a majority stake in the Fort Hills oil sands project.
Teck is a publicly traded company with its shares listed on the Toronto Stock Exchange and the New York Stock Exchange. The company is a member of the S&P/TSX 60 index and has a market capitalization of over $20 billion as of 2021.
Teck’s products are used in a variety of industries, including automotive, aerospace, energy, construction, and electronics. In addition to mining operations, Teck also operates advanced technology facilities that develop products for use in these industries.
Website: www.teck.com/
6. Nutrien Ltd.
Nutrien Ltd. is one of the world’s largest providers of crop inputs and services, playing a vital role in helping farmers sustainably increase food production. The company supplies nutrients like nitrogen, phosphate, potash, and speciality fertilizers to growers in over 40 countries. Nutrien also offers farmers digital tools and services that help them optimize their operations.
Website: www.nutrien.com/
7. Bombardier Inc.
Bombardier Inc. is a Canadian multinational aerospace and transportation company. Bombardier’s aircraft portfolio includes business jets, commercial, turboprop, regional, amphibious, and seaplanes. The company also manufactures a wide range of railway equipment, including passenger rail cars, locomotives, rapid transit vehicles and track equipment.
Headquartered in Montreal, Quebec, Bombardier has production and engineering sites in over 30 countries across the globe. The company employs approximately 70,000 people worldwide.
Website: www.bombardier.com/en
8. Magna International Inc.
Magna International Inc. is one of the world’s largest suppliers of automotive systems, assemblies, and modules. Based in Aurora, Ontario, Magna has over 300 facilities in 27 countries. In 2016, Magna had sales of $38.3 billion.
It produces a variety of automotive products, including body systems, exteriors, interiors, seating systems, mirrors, lighting systems, and electronic systems. Magna also has a range of engineering services, including design, development, prototyping, testing, and manufacturing.
Magna’s customers include all major automakers around the world. Some of Magna’s notable products include the Tesla Model S door module, the BMW i3 battery pack, and the Mercedes-Benz C-Class front-end module.
Website: www.magna.com/
9. Barrick Gold Corporation
Barrick Gold Corporation is a Canadian gold mining company with mines and exploration projects in North and South America, Africa, Australia, and Asia. It is the largest gold miner in the world, with a market capitalization of US$25.42 billion as of December 2020. Barrick is headquartered in Toronto and listed on the Toronto Stock Exchange (TSX: ABX).
Barrick has a long history of controversies, including environmental damage, human rights abuses, and corruption, and Forbes magazine listed it as one of “The World’s 10 Most Controversial Companies” in 2015. Despite this, the company remains one of the leading gold miners in the world.
Website: www.barrick.com/
Conclusion
The basic industry field in Canada provides a wide range of products and services that improves the country’s economy and citizens’ lives. With many major companies and a number of smaller businesses involved, it is clear that this sector plays an important role in providing Canadians with what they need. Whether it be oil & gas production, chemicals manufacturing, or engineering construction services, these companies are helping to make up the backbone of Canada’s economy. We hope this article has provided you with some insight into the Canadian basic industries field and its key players.
