Waterloo Public Library Digital Collections

Waterloo Chronicle (Waterloo, On1868), 22 May 1991, p. 28

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

Uniâ€"Spray manufactures a line of injection moulded products consisting of nozzle assemblies, quick disconnect pipes, quick disconnect supports and other products used in the preâ€"treatment industry. In addition, the company holds the exclusive distribution rights for a broad range of C.PV C. pipings and fittings. The ODC loan gives Waterloo‘s Uniâ€"Spray Nozzles Inc. a revolving line of credit of $150,000, which will enable the company to step up its international marketing effort. The company expects the loan to result in an increase in sales, translating to the creation of 11 new jobs in the long ter. | TID Biz Uni-SprDaz Nozzles exports with ODC assistance A Waterloo firm as received a $150,000 Export Support Loan from the Ontario Development Corpoâ€" ration ‘"We‘ve gone from just under 800 employees to just under 500, and with each passing year it‘s becoming more and more difficult for us to be competitive on the global scale that is now involved with this sector," said Stewart. Raytheon, whose parent company is based in the United States, manufactures highly technological equipment for radar, air traffic control systems and the military, equipment that is sold worldwide. But, government policy over the last few years has "pulled the mat" out from under the company‘s market. "Our company is dependent on exports, yet the increasing rate of the Canadian dollar and the That‘s what a task force on Deindustrialization and Economic Renewel heard when it met with local manufacturers last week. The task force, led by Liberal M.P. Jim Peterson, made a stop at Raytheon Canada in Waterloo where company president John Stewart outlined the problems that have slowly been eroding one of the city‘s largest employers. Government has crippled im Canadian manufacturing W Liberal task force told High interest rates, a higher Canadian dollar and government policies and legislation at both the provincial and federal levels are crippling the manufacturing industry, and if the current trend continues, it won‘t be long before many large Canadian manufacturers will be forced to close their doors. PAGE 16 â€" WATERLOO CHRONICLE, WEDNESDAY, MAY 22. 1991 A final proposal based on discussions from the workshop will be presented at the end of July. Workshop Date: Wed., June 5, 1991 Time: 6:30 to 9:30 p.m. Place: Waterloo City Centre Keren Adderiey Chronicle Staff It‘s not only the recession that‘s hurting Ontario manufacturers. 5 Year Environmental Plan Waterloo Citizens are invited to participate in a workshop to shape the future for Uptown Waterloo Ideas will be presented and your opinions and suggestions will be asked. 885â€"1921 Please call to reserve your spot as space is limited UPTOWN WATERLOO The workshop will focus on economical and efficient use of energy, including electricity, natural gas, oil and resources such as water and waste management. The seminar costs $25 for Chamber members, $50 for nonâ€"members. Do you have any information about a new business, a new product line, seminar, workshop, important new service or promotion that should be shared with Waterloo business and the community? The Chroniâ€" cle wants to hear from you. Drop off information for Tid Biz at our office during regular business hours or mail items to business reporter Keren Adderley. The report points to government policies that hinder interâ€"provincial trade despite the free trade agreement with the U.S., the lack of government barriers preventing foreign ownership and control of Canadian business and the decreasing level of research and development as some of the key areas that need to be tackled to help Canadian industry compete. The task force will complete its report in June. Waterioo Chamber hosts enyironment/ecqnomy workshop Discover how your business can profit through the wise use of energy and resources at a Waterloo Chamber of Commerce workshop Wednesday, June 5 at the Albert McCormick Arena. "Canada does not need a governmentâ€"imposed strategy," says the report. "It does need, however, a national government that is prepared to accept its responsibility as a key player, and indeed the essential player in defining national economic objectives and deploying public resources to meet those objectives." And Raytheon isn‘t alone. According to a report prepared by the task force, Canada has lost 287,000 of all its manufacturing jobs with 139,000 of these losses in Ontario, and Canada, once ranked as one of the top globally competitive countries, is now ranked fifth, surpassed by the U.S, West Germany, France and Italy and eventually, Japan and the United Kingdom. Government policies such as free trade, which has driven the dollar and interest rates up, cuts in governmentâ€"funded grants for research and developâ€" ment and the development of foreign markets, as well as a heavy tax load are just some of the difficulties faced by Ontario manufacturers. decreasing rate of financing available because of government cuts in programs is making it almost impossible for us to compete." . â€" 435 Conestoga Rd., Waterioo "The Rust Bug Exterminators" Driptree OR less drip OIL RUST PROTECTION LIFETIME RUST PROTECTION WARRANTIES COMPETITIVELY PRICED RUNNING BOARDS, HOOD GUARDS, BOX LINERS & MATS 886â€"3881 se oun ,"?@ CAR KorermnE ns aa®m S flgi\f‘ G_ET THE S%‘i'*; _ baseball tickets _ @ ‘ree coffee and donuts at the Boehmers Lumber and Building Supply Store 1070 Guelph Street, Kitchener At Boehmers ! | Learn how to use ‘g quality RYOBI tools ¢ at a handsâ€"on demonstration Tuesday, May 28, 1991 9 a.m. to 4 p.m. RYOBI expert JIM CURRY will demonstrate a range of tools _ 10 per cent off all RYOBI power © tools that day only * @ further discounts on selected tools â€" free draw for a cordless RYOB! z4 [ } power drill and a pair of Blue Jay!% Kâ€"Ws Finest Eyewear Boutique Eye Examinations Arranged (or bring in your own pn-:ripfiin) For your appointment Independent Opticians: John A. Haney, Kelly Bowland A nmoml'm to encourage giving Phone 746â€"4811 ALWAYS GLAD TO HELP 11 Erb St. Weber at Ottawa _ 743â€"3251 1572 Hightand Rd. w. 743â€"6820 SUPERIOR MEMORIALS TOYOTA MADNESS 4x4 Wagon, 5 spd. $4,895 85 Toyota Cressida Auto, air $6,995 83 Toyota Camry Auto, 4 dr. $3,795 3â€"36 month warranties available 88 Toyota Camry Auto, o/d, air $10,495 88 Toyota Corolla 5 spd., tilt, stereo $6,495 86 Tercel SR5 528 Victoria St. N., Kitchener (Beside Weston Bakeries) 745â€"6136 LARGE INDOOR SHOWROOMS Bank Financing Available YOUR MEMORIAL SHOULD BE ORDERED NOW For Spring Installation istration ‘ 54 s

Powered by / Alimenté par VITA Toolkit
Privacy Policy