Winnipeg Free Press

Winnipeg Free Press (Newspaper) - June 27, 1997, Winnipeg, Manitoba June 1997 b4 Steve email Winnipeg free press business live lobster Sharbu Sharbu dinner miso Sun Mono seafood in tall claw baked lobster body with Scallop and ice Cream Rainbow or tango Mango i seafood in v Schneider opens first phase of hog Plant plenty to squeal about by Martin Cash business reporter the new Crown jewel in the Manitoba pork Industry officially opens putting Winnipeg at the Centre of a growing global pork Schneider opens the first phase of what will be a pork processing facility that will eventually process hogs per week in three to five Doug chairman and ceo of Schneider said the underlying message is that were committed to the pork Industry in we want to demonstrate to the producers that they should produce in Confidence because we will be an outlet for that by this fall the Plant will have a capacity to process hogs per a volume equal to 82 per cent of the entire volume of hogs that were slaughtered in Manitoba in at least three quarters of the plants production will be first phase the first phase of the Plant will employ 220 the company processing facility on Marion Street will remain open and function As the Slaughter whole carcasses will be trucked around the Corner and Down Panet Road to the new facility in refrigerated trucks where the value added processing will take it feels great to say it this is the finest facility in the Dodds among other it will allow Schneider to Export fresh chilled pork to the japanese while Schneider has been exporting processed pork from Manitoba for it has always been Frozen this is a whole new Market Opportunity for us and its very said who arrived in Winnipeg yesterday for today grand a new packaging process at the Plant will allow the Export of fresh pork to the Pacific rim that has a shelf life of 60 Dodds said it currently takes about 21 Days to ship the product in containers to but he added the possibility of eventually shipping by air cargo when win port gets established is some thing the company is Winnipeg was selected As the site for the new Plant after Schneider negotiated a 34percent reduction in its City sewer the sewer rate reduction was in addition to a package of concessions the City gave the company to secure the this Plant is opening while the Western Canadian hog Industry awaits word on a decision from Maple Leaf foods on where it will eventually locate a Andrew Komisarczyk right and fellow workers debone picnic hams at the new Schneider which will officially open Dodds right Calls the new Plant the finest facility in the Rumour has it that locations in Manitoba and Alberta Are being asked How such a Large competing facility would affect his Dodds said were Here and in operating i have no com ment on what the Competition is Manitoba raised million hogs in per cent More than in and the province is committed to attempting to increase that to about five million in the next three guaranteed Price Dodds said the company has a buying strategy where it will guar Antee a Price to Manitoba producers that will be better than anyone else is offering for the right Quality the environment in Manitoba is Joe free press Schneider schneiders new which officially opens the most and safest hog process ing Plant in the the company some details production by the fall the Plant will be processing hogs per schneiders currently processes per week at its Marion Street when phase ii of the Plant is completed in three to five it will have the capacity to handle hogs per markets 75 per cent of the production will be exported mostly to Japan and the United employment the Plant will employ 220 with another 70 remaining employed at the Marion when phase ii is another 220plus jobs will be created the corporation Kitchene based Schneider has 14 production facilities in the employing about and has annual sales of about in synch for the hog he the government is support Manitoba pork is committed to High Quality production and Schnei Ders is Here we Are commit Ted to earlier this week the pm of near voted Down a facility because of opposition from local but Dodds said he is not concerned by such these facilities need a Large land mass and its a question of where you put the province has lots of arable land for further the Industry in Manitoba has been making headway in odour and waste management with the introduction of technologies such As the injection of hog manure into the soil instead of spreading waste atop the growth in the Manitoba hog Industry has been spurred by the end of subsidized rail freight rates for making it cheaper and More efficient to sell feed Grain feed makes up about 50 per cent of the Cost of raising meanwhile the International demand for pork is growing by about three per cent per year and has been for the past 15 said there Are emerging markets in the Australia and South he the global Market is a very Clear marketing thrust for Schneider has sales in this local Market of about million per but we will be spending about million per year in markets caught off guard As Bank of Canada raises rate loonies value rises borrowing costs unlikely to change by Gord Mclntosh Canadian press Ottawa the Bank of Canada caught financial markets off guard with an increase in its trendsetting rate for the first time in two years aside from immediately strength ening the Canadian the increase to per cent from per cent was not expected immediately to touch off increases in borrowing most economists did not expect the increase to Dampen generally buoyant forecasts for the Canadian but Sherry chief economist at Nesbitt said the real estate Market could get a sudden kick if potential buyers conclude the great Canadian party of interest rates at 35 year lows is coming to an today rate hike does not alter the economic landscape indeed it May set off a frenzy in the housing Market As Fence Sitters take the she the Central Bank said in a statement that the increase was made to strengthen the sagging Dollar and adjust monetary conditions that were becoming highly in the Bank warned last month it would step in with a rate increase when it issued its report on monetary re balancing As a financial markets were calling the increase a re balancing instead of a tightening of monetary conditions because interest rates still have a Long Way to go before reaching 1995 still the Banks timing caught Finan Cial markets by Surprise because most investors were expecting it to wait for a report monday by statistics Canada on the Gross Domestic product in the increase was also interpreted As a signal the Bank no longer believes the Economy needs artificially Low interest rates to gain some momentum and that the Canadian Dollar will be the Bank of Canada has drawn a line in the said the increase boosted the Dollar eight tenths of a cent to cents us in morning prompting markets to give the Bank credit for a Well timed but since the Dollar Only moved up to the Levels of three weeks ago before speculators started a another rate increase by the Bank is expected and next time is Likely to be More of a tightening than a re balancing As the Bank moves from stimulative Mode to a More Neutral said Tim chief economist at the Bank of we anticipate at least two More Quarter Point moves in the Bank rate source Bank of Canada up bringing it to four per cent by Early next re balancing or the increase yesterday was not Well received on the Stock interest sensitive stocks like financial institutions and retailers fell but the Bond Market held dollars and sense David Christiansen done leverage investing Worth risk is the equity in your House Lazy youve got the House paid off or nearly and you Haven seen an increase in the value for the last eight the investment markets have been screaming and lots of Money has been Many people in the Mutual fund business would have you borrow Money by setting up a Mort Gage on your House and investing in Mutual pointing out that the interest on the loan would be tax As Long As your after tax return on the investments exceeds the after tax Cost on the you cant All of these comments Are but there Are also some significant risks that May have been overlooked in this borrowing to or using lever can be beneficial when the amount borrowed is prudent and reasonable for your using leverage increases both Poten tial return and potential risk of any particular investment my memory extends to 1986 and when conditions were very Sim Ilar to interest rates had come Down to reasonable Levels while the Stock Market had responded by giving us generous Many people borrowed to convinced that his tory was on their in 1987 interest rates started to Rise and variable rate Loans became More and More this increase could happen since rates Are at a 40year when interest rates typically the Stock Market becomes increasingly in of the Market ultimately reacted by dropping 25 per cent in one this could also happen with the Market hitting Succes Sive record highs this pushed up by a variety of factors including a continued Outlook for Low interest the risks of leveraging can be Miti gated in a number of first of look at history with an objective realize that fluctuating investments can move up and move make sure you Are committed Long leverage should be undertaken with a minimum five year and preferably 10year time there have been five year periods when the Stock Market has earned virtually consider a fixed rate so that at least your interest costs Are fixed if rates this should make it easier to continue your payments and keep the program going in the event of a Market you will pay a higher interest but think of this As Start if you can borrow then get this approved in the form of a line of draw on it gradually and invest Over use your extra savings capacity to reduce this loan whenever possible so that you build equity in your investment pro Gram by reducing the and not depending on investment growth above prepare yourself psycho logically for the ups and Downs of the if this is your first investment in equity Mutual consider invest ing on a monthly basis for a while this will help desensitize you to the Day today fluctuations of the the Only Way to really lose using this strategy is to either overextend your self or to bail out when the going gets when the Market drops or goes you Are not allowed regret or you must be prepared for this Type of strategy to look like a mis take for one or two years or even longer without As Long As you do then the promises of Rich rewards will eventually be David Christianson is senior advisor with Shymko in he is director of ethics for the Canadian association of financial planners and a former pres ident of the Manitoba chapter of you can email him at Brilliant images using our printing leaders in imaging look for our color Bubble Jet printers with plot realism capabilities v 800 2631121 ;