20 ~ Sunday, May 30, 1993 ~- No (CAAA NTT rth Shore News NORTH SHORE WATERFRONT INDUSTRIES Vancouver VANCOUVER WHARVES LTD. LORIE RE RE LORPAT TEIN Tere Kalth Rd. Main St. Burrard Iniet This is the West Coast’s largest multi-product deep-sea terminal In this instalment of a series pro- filing North Vancouver waterfront industries, the North Shore News takes a look at the operations of Vancouver Wharves Ltd. By Surj Rattan News Reporter TWO MONTHS after being pur- chased by its North Vancouver waterfront neighbor, BC Rail, it’s still business ‘as usual at Van- couver Wharves Ltd., the largest multi-product deep-sea on the North American west coast. . ‘While the Crown corporation succeeded in acquiring 100% of the shares of Vancouver Wharves, the two companies continue to be run independently of one another. -BC. Rail bought Vancouver Wharves, which has been located on the North Vancouver water- front at the south end of Capilano Road since 1959, for $15.75 mil- lion in March. It has operating assets of nearly $85 million. . Vancouver Wharves is located USINESS From pege 19 management system will lower the Kapilano about $20,000 each year. “Iv’s a significant dollar sav- ings. But it’s just as important to note how much energy is being conserved. The electricity saved at terminal. 100 electricity bill by on 111 acres (45 hectares) of Jand, 98 of which are under long-term tease from BC Rail. It is one of. five bulk terminals in the Vancouver area and gener- ates annual operating revenues of approximately $50 million from its business of handling a variety of bulk cargo products such as Sulphur, potash, mineral conzen- trates, pulp and paper, and methanol, The company has a workforce of about 266, which includes 40 salaried staff and about 222 unionized longshoremen. Vancouver Wharves’ annual payroll exceeds $21 million, and the cargo terminal! serves 20 major customers. One of its largest customers is the B.C.-based mining giant Cominco. In 1990, Vancouver Wharves signed an agreement with Comin- co Alaska Inc. to handle concen- trates from its Red Dog mine. The cargo is wsiloaded from deep-sea vasseis at Vancouver, loaded onto ‘railcars and then shipped to Cominco’s smelter in Trail, The terminal itself is made up | RIEFS Kapilano 100 is now available to be used elsewhere,” said Favelle. For more information on Power Smart or the Building Improve- ments Program, call toll-free {- 800-663-0431, or contact your nearest Hydro office. PARK StiORE MOTORS is pleased to announce that Johnny Du has recently joined us as a Sales Representative. ‘ Johnny brings with him three Grand-Master Achievement awards and five years work experience in the fuxury automobile industry. Johnny also speaks fluent Cantonese and Mandarin. Park Shore Motors Lid. 1500 FELL. AVE., NORTH VAN ‘985-9344 Dollarton Hwy. re gene, of five berths and a rail-barge slip with approximately 1,000 metres (3,281 feet) of wharf frontage. The site also has 20 kilometres (13 miles) of railway track with five locomotives, along with storage warchouses. Vancouver Wharves handles ail, of the port’s ore concentrates and a large share of all sulphur and potash products exported through the Port of Vancouver. BC Rail began discussions for the purchase of Vancouver Wharves in April 1992. At that time the company was owned by a small group of of-. ficers and directors. % Photo submitted VANCOUVER WHARVES, estabiished on the North Vancouver waterfront in 1959, {s the largest multi-product deep-sea terminal on North America’s Pacific coast. y! ee eneetiebee ns: NORTH VANCOUVER CHAMBER OF COMMERCE DON'T MISS THIS GREAT NETWORKING OPPORTUNITY WEDNESDAY, JUNE 2ND, 4:30-7:30 PM PRESTO CATERING - INTERNATIONAL PLAZA 1999 Marine Drive, North Vancouver Admission $3.00 at the door, North Van Chamber Mernbers Free Complimentary Hors d'Oeuvres Meet the exhibitors Dave Buck Ford Sales Ltd. Grimebusters Computer Cleaning Services Royal Bank of Canada, Business Centre Lasercolor Design & Printing North Shore News Bero Metallic Design Ltd. Rowe Insurance and Annuity Lonsdale Rentals Balloonery Enterprises inc. Federal Business Development Bank Price Club Bilton’s Art Centre RCMP Sussex Realty Corp. Creative Visual Display/Command Performance Creative Wonders Communications Ltd./2 Design Go West Campers International Lid. Wildman Photography Ltd. NO HOST BAR Lonsdale Quay Hotel Donna's Window Fashions Paul's of North Shore Thompson Beck Jewellers Custom Lease The Video Marketing Group True Colour Graphic Reproductions Ltd. North Shore Winter Club Arrow Couriers North Shore Employment Services McEwen Management Jewelway International North Shore Cellular Centennial Theatre West Coast Monograms . North Shore Taxi North Vancouver Chamber of Commerce Paramount Computers