Oldal 6 [6]
OCR
emreig rag | profitable reserves estimated over I billion tons - is Algoma Steel Corporation. Canada produces 70% of the world supply of asbestos. 25% of the Canadian production is accounted by the Asbestos Corp. Ltd., which owns also large low cost reserves, About on half is produced by Johas Manville Co. of Canada. Titanium, because of its inherent qualities, is one of the metals of the future. Quebec Iron & Titanium Corp., owned 2/3 vy Kennecott Copper and I/3 by New Jersey Zinc, has at = ge Province of Quebec, a deposit estimated at I00 milon tons, Of all the important Canadian industries, Pulp and Paper has still the first place, After an acute erisis in the thirties, it has been reorganized on a sound basis and now offers a bright future. Studying the varfaus companies in that field, the following four can be considered outstanding from a financial and management point of view : Consolidated Paper, Powell River Paper, Price Bros. and Frazer Co, Consolitated Paper Corp. Ltd., ows five paper mills, has an annual capacity of over 690,000 tons of newsprint and about 124,000 tons of other paper and pulp. Timber limits amo amount to I7,000 square miles in Quebec and Ontario, representing a reserve of 50 million cords of pulpwood. Powell River Company,Ltd. has an annual capacity of 290,000 tons of newsprint and 48,000 tons of other pulp = aper. It is the largest newsprint producer of Western anada. Price Brothers & Co. owns two newsprint mills in Quebec, with a “rye yf of 425,000 tons. The company controls timber limits of 7,700 square miles. Frazer Companies Ltd. produces sulphites and various paper and pulp products. The company controls 5,500 square miles of timber limits in Quebec New Brunswick. The U.S. companies who have considerable interest in Canadian Paper and Pupl aretInternational Paper, Grown Sei.” pach and Marathon Paper. Due to its vast forests, Canada is wealthy in lumbe . Most of the timber is controlled by the Paper Companies. ever, there are some large lumber companies, the first
