Indiawood Trade Show – 2018

Hello All,

As you are aware there is a wood based trade show that takes place in India each year. The upcoming 2018 “India Wood” Trade Show will take place in Bangalore between March 8 -12, 2018. More details on the show are on the following website – http://www.indiawood.com/index.php.

I am sending out this mail to ascertain if your organization would be interested in participating in the trade show and would like to possibly take some booth space / kiosk space within the Canadian pavilion, some of you have been past exhibitors at the show. Should your company be looking to participate we request a tentative confirmation that will help ascertain how much space is needed.

There is also a mission component that is organized by the Forestry Innovation and Investment in BC at the fringes of the show to meet with large industry players, manufacturers of doors and furniture, builders and developers.

We do understand that this is fairly ahead of time however your prompt response is much appreciated. The cost of the exhibit space to the Ontario companies would be very nominal. More details will follow once I receive the confirmation.

Please do hesitate to reach out to me should you have any questions.

Thanks,
Indrajit

INDRAJIT MAJUMDAR, PhD
Export Marketing Specialist
Ontario Ministry of Natural Resources and Forestry
TEL: 705.945.6623 | FAX: 705.945.6796 | Indrajit.Majumdar@Ontario.ca
BB : +1-705.255.2021

SMART Green Program

In the Fall 2016, CME in partnership with Government of Ontario launched a new $25 million SMART Green fund that will assist small- and medium-sized manufacturers reduce greenhouse gas (GHG) and improve their energy efficiency.

SMART Green Program Overview

The SMART Green Program is open to small- and medium-sized manufacturers throughout Ontario and provides assistance in the form of non-repayable grants of 50% of eligible costs up to $500,000. The program will improve the competitiveness of the Ontario manufacturing supply chain by not only delivering value to the SME-eligible manufacturers, but also by contributing to Ontario’s 2020 targets for GHG emissions reduction.

The purpose of this Program is to support investments in technology and process improvements by manufacturers which result in GHG emissions intensity reductions and/or avoidance through upgrades to process/production equipment, deliver energy efficiency, and lead to productivity improvements, which in turn lead to lower GHG emissions on per-production-unit basis; more specifically, where improvements will include new process and/or production equipment installation and associated costs to an existing facility.

For more information visit https://cmeweb.crm.eperformanceinc.com/smartgreen/


Feel free to contact Steve Smith to discuss this program further. 

Steve Smith, MBA
Senior Business Advisor
Ontario Investment Office

Ministry of Economic Development and Growth | Ministère du Développement économique et de la Croissance
Ministry of Research, Innovation and Science | Ministère de la Recherche, de l’Innovation et des Sciences

Suite 906, 30 Duke Street West, Kitchener, ON  N2H 3W5
Tel: (519) 571-6077
Cell: (519) 670-7808
Email: stephen.p.smith@ontario.ca

Web: www.ontario.ca/economy

Water Based Wood Coating

Written by Stefan De Santis from Performance Abrasives.

Water based Wood Coatings are undoubtedly the future of wood coatings in North America, we are already seeing some cabinet and millwork shop’s being forced to switch to water based from solvents due to emissions and new regulations. Companies are required to provide total VOC emissions every year in the GTA and limitations on solvent use are being enforced with severe penalties for those who are not compliant. New stringent policies are being established which make water based coatings much more of a requirement.

The key to converting to water based wood coatings is quite simple, its finding a product that is practical to use in your environment and is equal to or better than your existing solvent based products. The key required properties to look for are drying times, sand ability, stack ability, over all look and feel, chemical resistance, mar resistance, hardness, hot and cold checks, non-yellowing in the heat and dark or exposure to UV rays.

Water based Wood Coatings are already superior to solvents for many of the criteria above and easier to use. In our next discussion we in depth performance criteria when comparing multiple brands of water based and vs the solvent you are using now.

Stefan De Santis
President
Performance Abrasives & Coatings
P: 1-800-239-3824
E: stefan@performancesabrasives.com
www.performanceabrasives.com

Business Interruption.

Written by: Dan Savvidis Commercial Account Executive, Cowan Financial Solutions

In a recent survey of consumers and brokers conducted by Allianz Canada, Business Interruption (BI) was named as one of the most important risks for businesses. In the same survey done globally, BI has placed first for the second year in a row.

Interruption?

The insurance definition is simple and concise. BI is “loss as a result of an event that interrupts the operations of a business”. Events such as mechanical breakdown, cyber incidents, fire and flood can result in business closure for many months, and sometimes longer than a year, as market trends have shown.


Identifying Loss Exposures

Identifying your businesses exposures to loss is a key element in choosing the right coverage to cover the risk. In the wood manufacturing industry, you face multiple exposures that could result in long term BI losses.

In our present day Internet of Things (IoT) connectivity, software running CNC machines can be compromised by a distributed denial of service attack (DDoS) with a ransom request; either pay the ransom or your systems will be inoperable. This type of cyber breach is becoming very common. In a survey conducted by PwC Canada in 2016, cyber security breaches increased 160% year over year, with many more unreported. The upcoming changes to the Canadian Personal Information.

Protection and Electronic Documents Act (PIPEDA) will undoubtedly increase the reported cases, as it will be the responsibility of the businesses to report all breaches, or face fines of up to $100,000.

The risk of fire losses are also a major concern of wood manufacturers. Saw dust has a highly ignitable nature and can spread fire at an incredible rate. Facilities with fully equipped sprinkler systems have an advantage in preventing further loss to property; however, sprinkler systems are designed to contain a fire within specific zones in the building. Saw dust’s fast rate of fire spread will activate the sprinkler system in multiple zones, which dramatically reduces the water pressure and limits the ability to contain the fire. A total loss to property is almost inevitable in this type of situation.

 

25% of companies, at a minimum, never reopen after suffering a catastrophic loss

50% close within two years

 

Catastrophic Effects of BI

So what do these losses mean to your business? To your suppliers? To your customers? Insurance companies have been compiling data on the effects of catastrophic losses to businesses, and the numbers are staggering.

Varying studies have been conducted and shown that 25% of companies, at a minimum, never reopen after suffering a catastrophic loss, and 50% close within two years. The financial strain is tremendous on a company, as the cost to pay fixed and semi-fixed expenses continue with little or no revenue being generated.

Your customers and suppliers are left without the product your company is contractually obligated to deliver. The inability to deliver product agreed upon has often lead to legal proceedings, which puts further stain on the company’s reserves. Reputational risk is also a factor in the above stated closures. Your clients and suppliers, who once depended on your services, will lose trust in your company that may have been built over many years of service, and will quickly find a replacement. The damage can be irreparable.

 

“A Goal without a Plan is Just a Wish”

With the end goal of getting your business back up and running quickly, properly managing your company’s exposure to BI losses is essential to a quick recovery. Ensuring the proper insurance coverage is in place can help make that goal a reality.

Costs to replace equipment, computer systems and office equipment, renting of temporary premises, paying existing leases, employee wages and over-time to deliver on contractual obligations are a few examples of the impact BI insurance coverage can have in the event of a catastrophic loss to your company.

Developing a disaster recovery plan is also a key component to minimizing the effects of BI losses. Compiling a list of equipment and suppliers, computers, backing up data, and having an employee disaster response plan will assist with identifying key components required to get your company back in business, and reduces panic and uncertainty.

You can also minimize risk in advance by properly maintaining your premises, particularly the amount of loose saw dust in the plant. Ensuring the dust collection systems are working properly and are MOL compliant can prevent plant shut downs. Training employees in fire safety and installing fire extinguishers helps prevent a small fire from becoming a big one. Modernizing the electrical systems can prevent electrical arcs and brown outs, which have been major contributors to machinery and equipment fires.

 

Taking the necessary precautions to protect your business and employees from a loss that interrupts operations is critical to the longevity of your business. If you need assistance identifying hazards, assessing risk and learning how to develop a disaster recovery plan, please contact me.

Dan Savvidis
Commercial Account Executive

T: 519-442-6337 or 1-888-559-4446 ext. 45036
C: 519-588-3269 F: 519-442-7549
dan.savvidis@cowangroup.ca