Winnipeg Free Press

Winnipeg Free Press (Newspaper) - July 11, 1987, Winnipeg, Manitoba Business Tran Canada option metals closing Winnipeg free press july 1987 Page 12 farm machine firm Goin by Greg Bannister Manitoba investors will soon be Able to buy into the dutch based multinational farm implements company that bought out Winni pegs Coop implements several years Greenland previously a Pri Vatel owned company controlled by the Netherlands Thyssen Bor Nemisa is planning to make its first Ever Public share offer this spokesmen for the company said this Greenland is the umbrella com Pany which operates a number of agriculture implements firms including Cereal implements of por Tage la Coop implements of Winnipeg and icon of Canada of the composed of 11 million Ordinary is being offered in the Netherlands and in Canada and is being handled by first Boston Canada Wood Gundy and Richardson greenshields of Canada about million of the shares will be offered in Canada at about a said first Bostons Terry Kavanagh earlier this the Thysse Bornemisza family will retain 45 per cent of the shares which will be traded on the Toronto Stock Exchange and the Amster dam Stock Peter president and chairman of the Board of manage ment of Greenland said the decision to take the company pub Lic was made after two years of discussion with its broaden base we Felt it was time to broaden our financial base said oosterling at a meeting of local financial Community representatives this Frank head of Greenland North american oper said the company decided to offer such a Large percentage of the firms shares to Canadian investors because of its substantial presence in Pickersgill said 450 of the Compa nys employees work in Canada at its two factories and its one research and development he also pointed out that Green which now Sells 21 per cent of its product in North is Jeff free press Cereal implements of Portage la shown is owned by Greenland using Canada As a base for its entire Continental Greenland is using Canada As a springboard for its attack on North said noting that five of the dutch firms last 12 acquisitions have been made in Pickersgill also said the firm is expected to expand aggressively in North America Over the coming five we feel we can double our annual sales from million to about billion with improved profitability As he despite a 50 per cent decline in sales of farm implements and machinery in North America Over the past five Pickersgill said Canada and the United states still offer tremendous growth potential for an expanding european firm like its still an enor Mous Pickersgill and oosterling both stressed Greenland should not be lumped in with other major farm machinery firms in the the company does not manufacture tractors or self propelled com said he described the company As a world Lead Erin High tech agricultural Niche we do not sell the Farmer the big ticket items that will Cost him or our products will Range and he the company is forecasting its growth will result from further innovation in High tech products As Well As geographic expansion in North America and acquisition of further select according to Oesterl believes Farmers everywhere will have to rapidly change their methods of operation from being strictly production oriented to being More Market today Farmer needs More knowhow instead of More mus Farmer needs to improve his knowhow and his process he has recognized this need and has become the worlds leading farm machinery manufacturer in terms of applying microelectronics to the company puts a High Premium on research and spending about five per cent of its annual sales on new product devel in the past the company has developed new High tech equip ment such As electronic farm weather stations and customized Dairy cow Between 1981 and Green land achieved a nine per cent an Nual sales the according to has also been Able to demonstrate a consistent record of profit Over the past five years whereas most farm machinery manufacturers have suffered huge in the current year the company is forecasting a profit of million or per share on sales of investment commercial Industrial property marketed sold choose an expert and get Call Noel Dunford Crim Wes Worlo property investments 50 Riley Crescent 2844528 8 special limited offering annual semiannual o monthly rates subject to Chance without notice term 5 years Security Chic minimum Purchase Walwyn Stodgell Cochran Murray limited investment securities suit ii 360 main Stubelt 2m 9424255 sayings certificates 1 year term minimum Deposit interest paid annually 3 year term minimum Deposit interest paid annually rates subject to change other terms available settlers savings head office 877 Portage r3g on8 7868508 member Canada Deposit insurance corporation applications Are now being accepted for four new locations to be opening in the Winter of full turn key operation including advertising and Ini tial 1000 notre Dame r3e on3 7862999 office space Portage Avenue near main Street in a air conditioned upper floors per unit net per lower level from and up net per we have parking for you and Over 300 parking stalls in the brokers participation welcomed Hartford place 236246 Portage Avenue phone 9438423 Winnipeg convention air Centre appoints new director of promotions 1m d Mot financial group Best Gic rates today ism Short term rates subject to confirmation Over 50 companies represented 4775350 h 7286640 Donald st hum Brandon i uni City Winnipeg Mcmillan agencies 4823421 Selkirk tax service Portage la Call us today for a free Booklet on retirement income planning pm 4775350 outside toll free 18004325079 Ray general manager is pleased to announce the appointment of Paul director of promotions with the Winnipeg convention he brings to this position Over 10 years of experience with the Media As an producer and during the past 9 years Paul has been Active on 7 major Community committees in including Lions telethon which he also festival do Manitoba association of coun try arts and the red Cross blood donor he freelances for is a reporter for the Grey cup and hosts the pregame show for the Blue Pauls other interests include an Active role in the music Industry in and Texaco business Opportunity bulk station Texaco has for lease a bulk station situation in an investment is required to Purchase delivery equipment and provide working for information Send resume to Texaco Canada Box 583 r7a 3p2 2047284726 Auto import surge cuts Trade surplus Ottawa Canadas Trade sur plus plummeted by More than million to million in mainly because of a Sharp Rise in automotive statistics Canada reported canadians rediscovered the Joy of spending in May and imported billion Worth of a million jump from april and the largest monthly increase in five Canada exported billion in a Rise of Only million from the Rise in exports and imports in May reflects an increase in economic activity since when both Export and import figures decreased the decline in the Trade surplus in May reflects the fact that imports gained ground More rapidly than Jaguar recalling Jaguar is recalling 5811987 xj6 and sover eign models in Canada for replace ment of possibly defective micros witches that affect the cars lights and cruise control the importer of the British luxury car said Micro switches provided to the automaker could cause the cars lights to fail or inhibit automatic Cancella Tion of cruise controls when Brake pedals Are said Jaguar can Ada based in news subsidies rapped Washington Bank president Barber Conable criticized the United Japan and the 12 governments of the european eco nomic Community yesterday for spending billion us a year to support control production and subsidize their policies not Only Cost producers in developing nations sales at Home and he these practices often entail the very mar Ket restrictions that the developing countries Are urged to advice will not be credible until it is followed at Home by those who offer it most ardently the european countries Are Brit West the Luxem Portugal and versatile relisting Vancouver versatile corporation announced Here that its securities will be relisted on the Toronto and Montreal Stock exchanges effective july the company said its securities would continue to be listed on the Vancouver Stock prices gain Washington wholesale prices in the United states Rose a modest per cent in with a moderation in food Price increases partially offsetting gains in Energy the government said yester for the first six months of inflation at the wholesale level was running at an annual rate of per the steepest Rise for a Hal year period since late for All of last prices fell per apartment leasing seminar for Success in a Tough Market july 22 at the Birchwood inn to Register Call Sanderson associates 9430909 or 8373965 heating ventilation air conditioning commercial Industrial 7746591 announcement Craig Monaghan Ernest Warkentin Ross Yarnell Ernest chairman of the Board of Monarch industries is pleased to announce the election of Craig Ernest Warkentin and Ross Yarnell to the company Board of Craig Monaghan is Vic president of finance and administration of ice liquid Gas of a division of inter City Gas Monaghan is a chartered Ernest Warkentin is president of Ernst David International a Winnipeg based executive search consulting previously Warkentin was an officer and Vic Epresi Dent of human resources with intercity Gas corporation of Ross Yarnell a native of win graduated from the University of Mani Toba faculty of Law and is a partner in the Winnipeg Law firm of Filmore Yarnell serves on the Board of a number of other corporations and Community Monarch industries limited is a privately held Winnipeg based corporation engaged in the manufacture and marketing of contractors and fluid Power founded in the company has sales offices across Canada and the United with manufacturing facilities in Winnipeg and Monarch industries Buchwald Asper Henteleff barristers and attorneys Law Harold Yale Lerner Douglas Ward Douglas regelous Randall Cray Bernard Kushner Thomas Kormylo Richard Regina Novek Campbell Wright Jeffrey Hirsch it Saskatchewan bar Richard Shead Edward Brown Martin fingold Richard Leipsic Murray Larry Nasberg Carol Cocks Holt Lane Gordon Rodney Shannon Gordon Pollard Lane Lewis 1 also of Ontario bar counsel astr Yude David Andrew Norm Promislow Thomas Frohlinger Charles Guberman David Ehinger Shawn Hughes Howard Morry severyn Ross Twenty fifth commodity Exchange Tower 360 main Street Canada r3c Telephone 204 9560560 the partners of Buchwald Asper Henteleff Are pleased to announce that severyn Ross Jeffrey Hirsch and Jane Lewis Are now associated with the firm in the practice of Law ;