Gateway to Northwestern Ontario Digital Collections

Terrace Bay News, 18 Aug 1976, p. 1

The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

AA TRI Public LI - or a Terrace Day VOL. I9 NO. 32 TERRACE BAY NEWS 20¢ PER COPY ~ MEXICANS VISIT KIMBERLY-CLARK The Pulp and Forest Products Division of Kimberly-Clark of Canada Limited played host to twenty-one of Mexico's prominent busines- smen who are members of the board of direc- tors of Kimberly-Clark de Mexico, S.A. With I975 sales of more than $II5 million, K-C de Mexico is one of that country's lead- ing industrial firms. It is headquartered in Mexico City and its stock, which is public -ly traded, is owned forty-three percent by Kimberly-Clark Corporation and ZiZty=seven percent by other investors. The visitors were led by Claudio X. Gonza- lez, chairman and managing director. Accom- panying the group from a previous stop at Kimberly-Clark's corporate headquarters in Neenah, Wisc., were Darwin E. Smith, chairman and chief executive officer, and Robert C. Ernest and Donald R. Hibbert, executive vice presidents. Grant L. Puttock, president of the Pulp and Forest Products Division, informed the : guests of the status of Terrace Bay's $240 million expansion, the largest capital expen- diture in Kimberly-Clark's history. Before touring the pulp mill here, the visitors were given a view of woodlands operations at Long- lac. Kimberly-Clark de Mexico recently complet- ed a $56 million expansion of its own paper and pulp production facilities in Orizaba, Mexico. The company produces and markets most of K-C's well-known consumer products as well as writing, book printing, thin, and specialty papers. TREES... THE GREEN LINK FAMILIES. DEEP IN DEBT HELPED BY CREDIT COUNSELLING me st me stn ssn em mt sn re se The Thunder Bay Family Counselling Agency will be receiving a Provincial Government grant of about $I5,300 towards its I976/77 budget, the Honourable James Taylor, Minister of Community and Social Services, announced. "The availability of credit tends to draw some people in over their heads," Mr. Taylor said. "Counselling strives to arrange order- ly payment of debt to prevent wage garnishee and subsequent job loss with its negative ef- fect on the family." Across Ontario almost $600,000, represent- ing up to sixty percent of their budgets, has been allocated to twenty-six credit counsel- ling agencies affiliated with the Ministry Credit/Debt Counselling Program. This co- operation between Government and the private sector helps to alleviate the problems of people burdened by debt. "Last year the Credit/Debt Counselling Program helped about I2,000 individuals and families to deal with financial obligations to creditors", the Minister said. "It is the objective of the program to find the most sat -isfactory solution to a person's indebted- ness and to assist the person and family to become responsible and able to manage their financial affairs", he added. As Mr. Taylor stressed, "Forty percent of the required budget comes from the community through a variety of contributors. Although my Ministry provides some of the required advice and supervision, the expertise needed on the agency board of directors for day-to- day operations comes from the community, in- cluding business, credit grantors, labour, in- dustry, social welfare, education, consumer groups and so forth." Continued page 3.....

Powered by / Alimenté par VITA Toolkit
Privacy Policy