34 - Wednesday, March 18, 1987 - North Shore News earns MacMILLAN BLOEDEL’S five years of concerted effort to regain its position as a world-class com- petitor in the forest industry paid off in 1986 as the company posted its highest annual earnings since 1979. MB reported net inconie of $133.3 million in 1986, more than triple the $42.9 million earned in the previous year. President and chiet’ executive of- Ri, IF YOU HAVE INDUSTRIAL, COMMERCIAL OR INVESTMENT LISTINGS, WE HAVE AN OPPORTUNITY FOR YOU. despite the cost of the strike. and healthy, MB has kept up with “Since the 1981-82 recession, its reforestation responsibilities MB focused in what we could through the tough years, and we control. We reduced costs can now work more aggressively to wherever possible, we improved get MB moving again.” Santing March 18 the Business section of the productivity throughout the com- The company’s net income for pany, and we actively added addi- the fourth quarter of 1986 was North Shore News will be introducing anew -uture ... tional value to the resource we $23.3 million on sales of $542 mil- INDUSTRIAL COMMERCIAL &c INVESTMENT harvest. lion compared with $20.4 million “We also set ourselves the task on sales of $602 miilion for 1985. of getting our balance sheet buck Total sales for the company in into a healthy position. Debt has 1986 amounted to $2.5 billion, This feature will include relevant editorial to help give ficer Ray Smith noted that Mac- Millan Bloedel had an excellent first half in 1986 in which over 70 per cent of the earnings improve- ment over 1985 resulted directly from reduced unit costs and in- creased utilization of the operating facilities. In the second half of the year, however, the five-month Interna- tional Woodworkers of America strike, which cost the company approximately $88 million in operating earnings, reversed many of the cost reduction achievements of the first half, Price increases for the com- pany’s products in the second half of 1986 contributed to a modest rise in annual operating earnings, Wew offices built at quay From page 33 Thomas said. ‘‘The staff even dresses better.” After the tenant selects the bare space, he will sit down with the in- terior designer to adapt the space to specific needs, Thomas said. The service is included in the Esplanade office leases. Specific features can range from a fireplace to a shower. ‘‘The qual- ity of finish is superb,’ Thomas said. Materials used for the high quality finish are marble, brass, oak and mirrors. Other features of the spacious offices are separate temperature zones for every 500 square feet, option for separate computer rooms and hidden power supply through floors and ceilings instead of power poles. The building offers underground security parking. Thomas says the lower Lonsdale location is ideal. The SeaBus pro- vides a fast link to downtown, and the North Shore bus terminal is within walking distance. Railway and water access are both nearby. The building on 171 West Esplanade is the home of several offices and only 15 per cent is not yet leased. The downtown is spilling over onto the North Shore and several companies now have their head of- fices here. ‘‘Lonsdale Quay is becoming an important area,”’ Thomas said, estimating that about 4,000 people are now work- ing in the Lonsdale Quay area. The office on 267 West Esplanade will be named West Quay when finished. The three- storey building is in the finishing phase and already up for lease. The offices are built around a patio and have natural light com- ing in through two sides. The patio has romantic fighting and a foun- tain. North Vancouver has just under a million square feet in office space in office buildings, Thomas said. He said the development of the Lonsdale Quay area is meeting the demand for quality office space. ‘What this has done for North Shore residents is that all of a sudden you can live and work on the North Shore,” Thomas said. been steadily reduced to $547 mil- lion at the end of 1986 from a peak of $994 million in 1985,’" he said. Smith marked by a huge foss and marginal profits, the company is now able to undertake much need- ed modernization and capital ex- penditure programs. emerged from the survival mode fit MOCOA 197 said after five years “We have Chevy’s new fun car is going your way. The new Chevy Sprint gives the super fuel economy you want today. In fact, Sprint’s ratings are unbeatable in Canada. But there’s more to Sprint than just a happy drive by the gas pumps. Made for Chevrolet in Japan, this hi-tech, front-drive comes equipped with a slick 5-speed. Azippy 1.0 Litre engine with high revving OHC, independent MacPherson- strut front suspension and rack-and-pinion steering for sporty handling. compared with $2.3 billion for the previous year. Income from opera- tions totalled $222.5 million, up $113.6 million from 1985. The decline of the U.S. and Ca- nadian dollars in 1986 made North American forest competitive worldwide and enabled the company to increase prices for most of its products. products more Anavailable intercooled turbo for quick performance. With room for four and lots of cargo space. But the clincher is: Sprint is yours from only $7,280**. The Chevy Sprint. It's how Chevy gives you what you want today. seen, your listings a boost too. 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