Winnipeg Free Press

Winnipeg Free Press (Newspaper) - July 11, 1997, Winnipeg, Manitoba I i i i Al lion a 913 0427 i3o Sunamoto seafood lobster a Ftp Tan claw baked Lobar body Shu a wifi Wallop and if Winnipeg free press business 139 Steve Erna i b7 Marc free press custom vending Christopher Garrick with wife Laryssa Semchyshyn Good vending machine franchiser expanding to 3 big cities custom vending move fuelled by self employment by Murray Mcneil business reporter millions a Winnipeg company is expanding its operations into three other Canadian cities Over the next 90 Days to take advantage of an increased demand for vending machine custom vending corporation a Fivey Earold firm specializing in Selling turnkey vending machine or plans to open new Branch offices in Calgary and Edmonton by the end of company president Christopher Garrick said the expansion is being fuelled in part by cos cutting Mea sures in both the private and Public sectors that Are see ing More and More businesses and institutions scaling Back or doing away with their full service cafeterias and opting for expanded vending machine but its also being fuelled by a growing number of Independent operators that have been getting into the business in recent Garrick tax Breaks these new owner operators include people who Are looking for a career retirees or who Are already in established careers but want to supple ment their regular and people who Are inter ested mainly in the tax Breaks that go with having a Home based its that Niche the Independent operator that Garricks company strives to his company signs up larger customers that have a demonstrated need for vending services to a five year he installs All the state theart vending machines needed to service an operation that and then Sells the package to an Independent operator who takes Over the in addition to providing the location and the custom vending also provides its Independent operators with onsite training and ongoing sup port including monthly accounting services and Access to trained service repair Garrick continued please see part timers 500 450 400 350 300 vending machine sales in Canada 450 450 400 350 1985 1986 millions 1993 1994 1995 300 sales by product 1994 11995 cigarettes Coffee other confectionery other foods All others beverages drink machines tops in sales Here Are some highlights of the most recent statistics Canada study on vending machines carried out in the next such study is due next year vending machine operators reported sales of million in a per cent increase from the Manitoba figure was beverage vending machines have the most with an annual increase at nine per cent food sales Rose by Only two per cigarette sales dropped significantly in 1995 20 per Ontario and Quebec hold the largest share of the vending machine Market with Over 60 per cent of vending machine sales 36 per cent in 26 per cent in the Prairies accounted for 18 per cent with Manitoba at five per cent British the Yukon and Northwest Terri 12 per and the maritime eight per City firm revives pea processing Plant at Portage Canadian press Portage la Prairie a pea processing Plant shut Down More than a year ago has been partially renovated and reopened by its new Par Rheim a subsidiary of Parrish and Heimbecker of bought out bankrupt Woodstone technologies in april for it has now completed the first phase of renovating the plants equipment and production it was a fully equipped Plant but completely run said Par Rheim general manager Ferdi Van Woodstone closed last year when it pay Bills or its Van Dongen estimated the renovations have Cost More than so last production was begun on dietary protein and starch from yellow the main product the company also plans a new Grain handling building to House the peas and help in producing split peas for commodity Van Dongen said 10 of the 16 staff members at the Plant worked for Wood Stone ten More employees could be hired by Manitoba leading exporter growth in Foo processing shipments jumps ahead of Ontario and study shows by Paul Mckie business reporter Manitoba is no longer the simple producer province of Grade school geography books with their pictures of Golden wheat agriculture is now agribusiness and value added is the the proof is in a new study commissioned by the Canada West found that shows Manitoba Foo processing shipments increased 23 per cent Over the last three years and food exports grew by a whopping 85 per the by Komg in covering three years to shows that Western Canada leads the nation in food Manitoba Export growth was singled out because of its diversification with processed products such As French vegetable Oil and a pigs Stu Duncan authored the report for Canada he said exports were vital to Manitoba food processing Manitoba has one of the More Export driven areas in food process Duncan in food processing was a billion Industry for Manitoba and it grew by about million in three Duncan said 60 per cent of that increase was due to Export Manitoba growth in Foo processing shipments was ahead of Ontario and Quebec Dave executive director of the Manitoba food processors said growth in exports has resulted in Job Mani Toba Bureau of statistics numbers show jobs in food processing grew to by 1996 from in Only Saskatchewan and Alberta were ahead of Manitoba nationally in the Canada West Shambrock said Saskatchewan has done a Good but it started out from a smaller he said the future is value added across the nation and Manitoba has to be he said the old image of the province As a primary producer of materials like pork and wheat must we cant live that Way any he Shambrock said Many food processors were protected in Canada but changes like the North american free Trade agreement Naftal and the end of the Crow rate subsidy for Grain shipments changed the playing youve got to be globally competitive even if youre going to stay in the said he noted that even if processed foods Are Only sold they com Pete on the grocers shelf with goods from around the Alain Royal Banks District manager for agriculture and agribusiness also said the removal of the Crow has focused attention on processing Here in its forced producers to think about the product they ship said but he said the global marketplace has also made demands that Manitoba has had to react More and More of our competitors Are moving toward a sem ready or ready to serve said we can no longer sell commodities if schneiders new plaint Mccain Fries on More menus Here Are some recent food processing developments from the Canada West foundation study a expansion of Mccain potato Plant in Portage la Prairie a new pork process ing facility in Winnipeg a expansion of Pota to processing Plant in Carberry a canola Rushing Plant near Agathe Foo processing shipments grew by 23 per cent from 1993 to 1996 60 per cent of that growth is due to Export growth Foo processing exports grew to More than million in three years from about our competitors Are Selling that especially True in the Export the province reported that in 1995 Manitoba exported billion Worth of agricultural the largest portion of the provinces about per cent of Manito Bas agriculture exports were sold in a unprocessed state in the three largest products were canola and processed products made up eight per cent of agriculture exports and sem processed products made up 31 per cent of the the largest exported processed agriculture product was pork and the largest single processed products were cattle and canola Duncan noted that exports of processed foods were under Mil lion in but by 1996 had grown to More than Shambrock said the Export Market is Manitoba As a Market is rather Sta our population is growing for businesses to grow they really have to look at the Export he that Export Market is also they dont just want our raw products any the worlds markets Are getting More theres More of a global taste for finished said in areas like Manitoba ships More read to eat cuts or chilled pork rather than butchered Gagnon Shambrock said it Means ship Ping Manitoba pasta to Europe instead of Shambrock also noted that while theres been a lot of attention to Mega projects like canola Rushing plants and hog processing smaller producers who add value and Export Are equally maintain a balance in your portfolio it was a warm Friday in Indian summer was making a final hold ing off the looming threat of Winter for a few More the Stock markets had been going sideways since Early with each daily drop being answered by a halfhearted the momentum had been moving in favour of the this week had been a bad one with the and this particular Day had been the interest rates had been rising slowly but inexorably throughout the year and the effect was beginning to be Felt in the Stock As Bond yields were becoming attractive the steepness of that Friday correction led Many Market watchers to assume that the worst was they had not seen a major Market correction f9r three they had begun to believe that the Market had Only one and that was Kven Veteran Market watchers had dollars and sense David Christiansen begun to think this Bull Market would never Rookie investors had switched maturing Glucs into Mutual funds for the first and Many had borrowed substantial amounts of Money to catch their share of the raging a group of brokers gathered after the Market closed to contemplate the results of the Days some looked out the window and enjoyed the there was some Ner Vous laughter and some Black one younger Man pointed out pessimistically that the Down Ward momentum had accelerated late in the the sales manager countered that the worst of it was probably thanks to the Steep Ness of the and that things would Likely turn around on almost As an he quipped were in the following monday was october that Day became known As Black with the Market action termed a by the time the Day was the Toronto and new York Stock exchanges had shed some 30 per cent of to Weir the Good news High Quality like Cana Das were trading at ridiculously Low prices that gave them dividend yields As High As seven per cent on their common finance minister Michael Wilson stepped into tie fray monday morn dropping interest rates by two per cent to stimulate liquidity and moderate the fall this rare show of government decisiveness drove up the Price of this helped the Stock Market and also helped anyone who had had the Wisdom to maintain a balanced the Bond portion moderating the negative effect of the crash on the Overall investors with holdings m Treasury Bills were laughing after being left behind All year As they went bargain Hunting for Quality stocks at unheard of could it happen again Proba Bly not with the same As the computer trading pro Grams that caused much of the dam age have been largely brought under if the Market drops too steeply the switches Are turned off and the computers Are sent out Side for a cigarette break to Calm but 30percent Market declines have happened before computers were involved and could certainly happen although Over a longer period of what can you do remember that markets dont go up forever and declines will remember that after a decline is not the time to sell your but the time to add More to your Stock and most maintain a balance in your portfolio that is appropriate in your if a temporary decline would seriously affect your financial then you should not be involved in the Stock dont abandon Money Market funds and Gocs simply because interest rates Are inflation is also Low and real rates of return Are very close to the Long term be Pavid Christianson is senior advisor with Shymko in he is the director of ethics for the Canadian association of financial planners and a for Mer president of the Manitoba chapter of you can email him ;