While on tour to promote Canada's trade agenda, Minister of International Trade Ed Fast visited the Mississauga headquarters of Lynch Fluid Controls Inc. today.
Fast was at the hydraulic manifold manufacturer, located on Argentia Rd., on the advice of Mississauga-Streetsville MP Brad Butt, who touted the state-of-the-art company as a Canadian manufacturing success story.
"Brad said that his riding is chockful of entrepreneurs, creative people and companies that are really driving economic growth in this region of our country and (he) couldn't think of any company that better reflects what we are promoting than Lynch Fluid Controls," Fast said at Tuesday's press conference.
After Butt and Fast met with the company's president, Ernie Lynch, and toured the facility, the trade minister was impressed with Lynch's ability to export its products to over 50 countries, making up 50 per cent of the company's revenues.
"(Lynch is) one of those companies that we, as a government, are so proud of," he said, adding that most small to medium-sized enterprises are reluctant to make the leap to international trade. “Canadians are a cautious lot. For us to venture into something new, we need a bit of a nudge."
Fast said that the government can help Canadian companies trade with international markets by putting in place policy framework agreements, which overcome barriers such as tariffs and red tape.
"We want to make sure that when Canadian companies invest all over the world, those investments are secure," he said.
Lynch has grown considerably over the past 26 years, providing hydraulic manifolds to industries such as military, entertainment, aerospace and forestry, to name a few.
"We have one of the largest hydraulic engineer teams in North America," said Lynch spokesperson Valerie Bahoric. "They design hundreds of thousands of custom manifolds ― every day we're creating a new product for the customer."
I'm not dour or unfriendly by any means, but most consider my interests and passions uninteresting at best and mind-numbingly boring at worst. Rather than keeping up with the Kardashians or Kanye West, I prefer to read magazines like The Economist,kapton tape Forbes and Institutional Investor. I also attend investing seminars, conferences and other business-oriented events instead of college football games. I generally try to avoid situations and events that don't strike my fancy.
But I was recently roped into a fundraising party for a local politico. Joining a conversation with several environmentalist types gave me an investment idea that's more powerful and relevant than I have gleaned in a very long time from my traditional sources.
The environmentalists were discussing how computers have actually increased the global use of paper. Back in the 1980s, computers were lauded for their potential to create a paperless office. But the truth is, global paper consumption has increased by 50% since the '80s. Each year, the average American uses the equivalent of nearly six 40-foot trees in paper form, according to The Economist.
My environmentalist friends were upset about these facts as the hope of a paperless society continues to fade. This led me to think about the increasing demand and steadily escalating pressure on the supply, which makes the paper business sounds like a lucrative investing opportunity.
As soon as I returned home, I ran technical scans on publicly traded paper companies. One company's stock performance and fundamental picture was absolutely stunning. So with a nod to the environmentalists who inadvertently inspired this capitalist, here's a close look at this nearly perfect company.
Read the full story at www.sdktapegroup.com/BOPP-tape_c556!
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