Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
It was a PR from LFWK back in February. PPS at the time was 003. People sold, but look at the PPS now.
http://app.quotemedia.com/quotetools/popups/story.jsp
LoftWerks, Inc. Increases Authorized Shares: Anticipates Consultech Inc. Merger
LoftWerks, Inc. (OTC: LFWK) today announced that it was increasing its number of authorized shares by 300,000,000. A company spokesperson explained that this increased number of shares was necessary to insure adequate capitalization, prior to LoftWerks' planned merger with Consultech Construction Management, Inc. "We believe that this move will help to insure shareholder dollar value and facilitate our operations during the merger process," said LoftWerks CEO Dennis Ammerman. "Our future partners at Consultech have requested that we make this move in anticipation of the merger to provide continuity in our operations. I know that it is unorthodox in its application, but in this case, we feel that 'dilution is the solution' we need to attack this situation from both sides of the fence." Ammerman continued, "Our financials will be out prior to February 10, 2006. They will ensure our shareholders that an 'out-of-the-box' response to what would normally be a steady downward spiral to posting a shell for sale, is made and enacted by a company that is truly ready to climb out of boxes!"
Ammerman further explained that this authorization has been done in anticipation of a future reverse stock split, which will be announced well in advance and according to the best interests of all shareholders. Consultech Director-General Petar Vucicevich expressed his excitement regarding the upcoming merger. "We see a true opportunity to create something really special for all of our shareholders," he said. "This increased authorization will insure that everything will continue to run smoothly during the pendency of the merger process."
Weird but it appears that is what they did when they were still LFWK. The PR on "dilution is the solution" made people sell. PPS at that time was around 003.
And after this PR, when this stock was still LFWK, you bought millions more... Lol! For me, you have the most credibility here. I don't think I will be shaken by this PR...
Party, "All warfare is based on deception" Suntzu.
Because there is this wonderful tool called google search and if you use it, you will find out that profit for cement exporters range from 8 to 15 %. Cement producers in the UAE area ranges from 25 to 35 %.
I am not sure there is such thing as a loss leader in a multi- million dollar product supply. SLJB should conservatively make 10 percent profit in this deal. No point for them doing this cement business for a loss.
Yipee! I am finally in the green. Hope we go up some more.
Hope we close .36 this Friday, LOL!
Awesome! Thanks dshade.
Bizzyboy, someone needs to tell Nite it's time to let it go. It's time for us to head north.
Liar! LoL! Holy crapola, Just got home from work and sure is nice to read this insanely verifiable news. Like my daughter like to say... We so toe tally rock! IMO, today was the formal announcement that our pps will go north. I feel we will be bombarded with more solid PRs in the following days. BAGABOOMBOOYAA!
Is dis a good stock?
GM to all. It's looking interesting this morning. Already saw 2 pre-market .19 trades at 5000 each.
If Wessal is indeed buying at this time, What happens when they issue a PR stating they requested for certs for 125 to 200 million shares and SLJB also releases a PR stating that they already own 100 percent of the shares? There is a possibility SLJB may pull the certs... IMO this is a possible catalyst that will increase pps in addition to audited financials...
What's cooking here folks? Can someone pls. tell me the current authorized and outstanding shares/float? Thanks.
The demand for construction in the UAE is overwhelming. Huge opportunities for years to come:
http://www.gulfnews.com/business/Construction/10065049.html
UAE builders stretched to limit
By Shakir Husain, Staff Reporter
Dubai: Although the feverish pace of construction in the UAE is boosting revenues, it is also straining the resources of leading contractors.
Al Habtoor Engineering said it is currently handling Dh14 billion worth of construction projects in the UAE and does not have enough men and machines to accept additional work.
"We reject a lot of projects because we are stretched to the limit," Al Habtoor group chief executive Mohammad Al Habtoor told Gulf News.
Al Habtoor group expects its construction division to continue to have from Dh10 billion to Dh15 billion worth of projects for other clients at any given time.
It is involved in the Dubai airport expansion project and is building 11 towers in Business Bay. It expects to finish the airport work by the end of next month.
Outside the UAE, Al Habtoor is also working on Dubai Holding's Dh2.5 billion Dubai Tower in Qatar.
Kez Taylor, managing director of Al Jaber Engineering and Contracting company, said the ongoing construction activity is keeping contractors busy.
Some of the large projects being handled by Al Jaber are at Dubai Marina Mall and Burj Dubai, part of Emaar's $20-billion Downtown Burj Dubai development.
"Our company is in a position to take new projects, but the market is very busy at this point of time," Taylor said.
He expects the construction activity to continue at the current pace for up to five years.
The value of projects being undertaken by various units of Dubai Holding in the emirate exceed Dh400 billion.
Business Bay and Culture Village, being developed by Dubai Properties, will require an estimated investment of Dh150 billion and Dh50 billion respectively. Investments within Tatweer's Bawadi development will total Dh100 billion upon completion.
Emaar's 500-acre Downtown Burj Dubai development will also include The Dubai Mall, the world's largest shopping and entertainment complex; and The Residences, a series of high-rise apartment towers.
Nakheel, another leading UAE developer, currently has 16 big projects worth more than $30 billion under development. Its portfolio includes The Palm islands, The World and Dubai Waterfront
I am saddened, but I figured it was just a matter of time with the way he lived dangerously...
Setting up businesses in Dubai
April 13, 2006
http://www.google.com/search?hl=en&ie=ISO-8859-1&q=BUSINESS+IN+DUBAI&btnG=Google+Search
In the UAE, economic activity is regulated by individual emirates as well as the Federal Government. In Dubai, the authorities have deliberately sought to create an environment which is well ordered without being unduly restrictive. As a result, Dubai offers businessmen operating conditions that are among the most liberal and attractive in the region.
There are many options open to international companies seeking to establish a business relationship with Dubai. Apart from forming a trading relationship, for many companies there are distinct advantages in being on-the-spot to research market prospects, make contacts, liaise with customers, and see through the details of any transactions and orders secured.
Having a presence can provide considerable business advantages in the Middle East. Businessmen in the region prefer to deal with someone they know and trust and personal relationships are much more important in doing business in the Arab world than they are in western Europe or America. Also, the buying patterns of some countries served by Dubai tend to be unpredictable, creating a need for first class market intelligence and information.
Licensing
The basic requirement for all business activity in Dubai is one of the following three categories of licenses:
Commercial licenses covering all kinds of trading activity; Professional licenses covering professions, services, craftsmen and artisans; Industrial licenses for establishing industrial or manufacturing activity.
These licenses are all issued by the Dubai Economic Department. However, licenses for some categories of business require approval from certain ministries and other authorities: for example, banks and financial institutions from the Central Bank of the UAE; insurance companies and related agencies from the Ministry of Economy and Commerce; manufacturing from the Ministry of Finance and Industry; and pharmaceutical and medical products from the Ministry of Health.
More detailed procedures apply to businesses engaged in oil or gas production and related industries.
Practicing some trade activities (e.g. jewellery and insurance) requires the submission of a financial guarantee issued by a bank operating in Dubai.
In general, all commercial and industrial businesses in Dubai should be registered with the Dubai Chamber of Commerce and Industry.
Ownership Requirements
Fifty-one per cent participation by UAE nationals is the general requirement for all UAE established companies except:
Where the law requires 100% local ownership; In the Jebel Ali Free Zone; In activities open to 100% AGCC ownership; Where wholly owned AGCC companies enter into partnership with UAE nationals; In respect of foreign companies registering branches or a representative office in Dubai; In professional or artisan companies where 100% foreign ownership is permitted.
Legal Structures for Business
In the past, each emirate followed its own procedures governing the operations of foreign business interests. In practice, however, Dubai and the other emirates followed the same general system, whereby foreign companies operated in one of three ways: with a local sponsor, through a partnership with a UAE national or company, or through a private limited company or public shareholding company incorporated by Ruler’s decree.
Since 1984, steps have been taken to introduce a codified companies law applicable throughout the UAE. Federal Law No. 8 of 1984, as amended by Federal Law No. 13 of 1988 - the “Commercial Companies Law” - and its by-laws have been issued. In broad terms the provisions of the Law are as follows:
The Federal Law stipulates a total local equity of not less than 51% in any commercial company and defines seven categories of business organization which can be established in the UAE. It sets out the requirements in terms of shareholders, directors, minimum capital levels and incorporation procedures. It further lays down provisions governing conversion, merger and dissolution of companies.
The seven categories of business organisation defined by the law are:
1. General partnership company
2. Partnership-en-commendam
3. Joint venture company
4. Public shareholding company
5. Private shareholding company
6. Limited liability company
7. Share partnership company
Partnerships
Partnership companies are limited to UAE nationals only. The Dubai government does not presently encourage the establishment of partnership-en-commendam and share partnership companies.
Joint Venture Companies
A joint venture is a contractual agreement between a foreign party and a local party licensed to engage in the desired activity. The local equity participation in the joint venture must be at least 51%, but the profit and loss distribution can be prescribed. There is no need to license the joint venture or publish the agreement. The foreign partner deals with third parties under the name of the local partner who - unless the agreement is publicized - bears all liability.
In practice, joint ventures are seen as offering a suitable structure for companies working together on specific projects.
Public and Private Shareholding Companies
The Law stipulates that companies engaging in banking, insurance, or financial activities should be run as public shareholding companies. Foreign banks, insurance and financial companies, however, can establish a presence in Dubai by opening a branch or representative office.
Shareholding companies are suitable primarily for large projects or operations, since the minimum capital required is Dh. 10 million (US$ 2.725 million) for a public company, and Dh. 2 million (US$ 0.545 million) for a private shareholding company. The chairman and a majority of directors must be UAE nationals and there is less flexibility of profit distribution than is permissible in the case of limited liability companies.
Limited Liability Companies
A limited liability company can be formed by a minimum of two and a maximum of 50 persons whose liability is limited to their shares in the company’s capital. Such companies are recognized as offering a suitable structure for organizations interested in developing a long term relationship in the local market.
In Dubai, the minimum capital is currently Dh. 300,000 (US$ 82,000), contributed in cash or in kind. While foreign equity in the company may not exceed 49%, profit and loss distribution can be prescribed. Responsibility for the management of a limited liability company can be vested in the foreign or national partners or a third party.
The following steps are required in establishing a limited liability company in Dubai.
Select a commercial name for the company and have it approved by the Licensing Department of the Economic Department; Draw up the company’s Memorandum of Association and have it notarized by a Notary Public in the Dubai Courts; Seek approval from the Economic Department and apply for entry in the Commercial Register; Once approval is granted, the company will be entered in the Commercial Register and have its Memorandum of Association published in the Ministry of Economy and Commerce’s Bulletin. The license will then be issued by the Economic Department; The company should then be registered with the Dubai Chamber of Commerce and Industry.
Branches and Representative Offices of Foreign Commercial Companies
The Commercial Companies Law also covers the formation and regulation of branches and representative offices of foreign companies in the UAE and stipulates that they may be 100% foreign owned, provided a local agent is appointed.
Only UAE nationals or companies 100% owned by UAE nationals may be appointed as local agents (which should not be confused with the term “commercial agent”). Local agents — also sometimes referred to as sponsors — are not involved in the operations of the company but assist in obtaining visas, labour cards, etc and are paid a lump sum and/or a percentage of profits or turnover. In general, branches and offices of foreign commercial companies are not licensed to engage in importing activity except for re-export or in the case of products of a highly technical nature.
To establish a branch or representative office in Dubai, a foreign commercial company should proceed as follows:
Apply for a license from the Ministry of Economy and Commerce, submitting an agency agreement with a UAE national or 100% UAE owned company. Before issuing the license, the Ministry will:
forward the application to the Economic Department to obtain the approval of the Dubai government; forward the application specifying the activity that the office or branch will be authorized to undertake in the UAE, to the Federal Foreign Companies Committee for approval;
Once this has been done, the Ministry of Economy and Commerce will issue the required Ministerial license specifying the activity to be practiced by the foreign company; The branch or office should be entered in the Economic Department’s Commercial Register, and the required license will be issued; The branch or office should also be entered in the Foreign Companies Register of the Ministry of Economy and Commerce; Finally the branch or office should be registered with the Dubai Chamber of Commerce and Industry.
Branches and Representative Offices of Foreign Professional Companies
Branches and representative offices of foreign professional firms may be 100% foreign owned provided UAE nationals or 100% UAE owned companies are appointed as local agents. Such agents are not involved in the operations of the firm but assist in obtaining visas, labour cards etc and are paid a lump sum as remuneration. The Economic Department is the authority in charge of licensing such branches or representational offices.
Professional Firms
In setting up a professional firm, 100% foreign ownership, sole proprietorships or civil companies are permitted. Such firms may engage in professional or artisan activities but the number of staff members that may be employed is limited. A UAE national must be appointed as local service agent, but he has no direct involvement in the business and is paid a lump sum and/or percentage of profits or turnover. The role of the local service agent is to assist in obtaining licenses, visas, labour cards, etc.
May be of interest... Windsor is popular for UAE/Dubai students. I am sure some of these students are pretty wealthy. http://www.windsorwired.org/dubai.php
University of Windsor Outreach
- United Arab Emirates
Windsor Liaison Office
Higher-Edge, Dubai Knowledge Village
Block 8, Ground Floor 04
Tel: +971.4.3912133
Fax: +971.4.3664686
Cell: +971.50.7492827
windsor@partners.kv.ae
racquel@windsorwired.org
Windsor's Liaison Office opened in the Dubai Knowledge Village in 2004. In the last two years Windsor has become the Number One destination for students going to university in Canada from Dubai and the UAE.
Why to Windsor ?
World class programs
Great value (tuitions fees are affordable)
SUPERB ASSISTANCE and ACCESS
When you apply to our office and contact our Counsellor, Ms. Racquel Javinar, you get expert guidance. Normally, applications are processed within a week, sometimes days - as we speedily and electronically connect with the Registrar's Office at Windsor. Those in Dubai and the UAE get in-person assistance. We hold Student Visa counselling sessions for families (this year on May 12th); pre-departure events (this year on June 30th) and class registration sessions (this year in July). We also have regular counselling at our offices and hotels in Dubai and Abu Dhabi.
Find out about applying.
Find out about our information sessions.
Get in touch.
Phone, sms or email Racquel.
AND....all the services are FREE.
UPCOMING OUTREACH EVENTS
The Canadian Embassy Middle East Education Initiatives
These upcoming events will provide participants with the opportunity to visit a selection of international and national schools and take part in targeted recruitment fairs hosted both at the embassies and with key educational partners in the region. There will also be information sessions with guidance counsellors, and networking receptions with key contacts in the education and training fields. As well, market briefings will be provided by trade commissioners in both the U.A.E. and Saudi Arabia.
Dubai
Sunday, November 5
08:00-14:30 School visits
16:00-17:00 Counsellor Reception
Venue: Dubai Knowledge Village
18:00-21:00 Education Fair
Venue: Dubai Knowledge Village
Monday, November 6
08:00-16:00 School visits
Abu Dhabi
Tuesday, November 7
08:00-10:00 Travel to Abu Dhabi
12:00-16:00 School visits
Wednesday, November 8
08:00-15:00 School visits
17:00-20:00 Counsellor reception
Venue: Canadian Embassy
Thursday, November 9
08:00-12:00 School visits
GETEX
Abu Dhabi
Friday, November 24 to Sunday, November 26
Venue: Beach Rotana Hotel & Towers
Stall No. L250
More details are available on the GETEX web site, at www.mygetex.com/abouticne.php
There are tons of projects in the UAE. They are going to need as many suppliers as they can, especially lumber. Sulja Brothers has the lunber export license needed to do business with the Middle East. I for one am inclined to believe the Suljas. They have yet to prove me wrong. September will be the deciding month IMO.
Perhaps the Sulja Bothers were there at the Dubai Woodshow 2006. Or perhaps the Suljas have connections with SPF Precut Lumber, Canada's largest wood exporter.
http://www.ameinfo.com/81424.html
Canada's largest wood exporter to target the fast growing Middle East wood market at Dubai Woodshow 2006
Canada's largest wood exporters, SPF Precut Lumber, is gearing up to showcase its range of precut pallet stock and dog ear fencing at the upcoming Dubai Woodshow 2006, augmenting the stellar line-up of international companies from the wood and woodworking industry who have confirmed participation at the three-day exhibition, to be held at the Dubai World Trade Centre from April 10-12, 2006.
SPF Precut Lumber is Canada's leading manufacturer and exporter of kiln-dried and heat-treated Canadian softwood. They are presently Western Canada's largest exporters of pallet stock to USA, shipping about 45 million BFT of pallet stock per year, and are seeking to establish a foothold in the fast-growing Middle East market by leveraging the excellent networking opportunity offered by Dubai Woodshow 2006. SPF Precut Lumber's products are targeted mainly at pallet manufacturers in the Middle East and buyers of Canadian lumber.
Dubai Woodshow 2006 is the dedicated wood and wood machinery exhibition in the Middle East and will feature leading exhibitors from more than 40 countries. Being held for the first time, the exhibition provides an excellent platform for regional and international companies to showcase their latest wood machinery and woodworking products to business prospects and build strategic relationships with buyers, traders and investors.
'In Dubai Woodshow, the Middle East region will have for the first time a comprehensive industry forum that brings together leading players from the entire spectrum of the wood and woodworking machinery industry. Also, the show is timed just right, coming against the backdrop of a sharp rise in demand for wood and wood products in the region,' said Dawood Al Shezawi, Managing Director of Strategic Marketing & Exhibitions, the organizers of Dubai Woodshow 2006.
Recent estimates have shown the Middle East wood market to be growing at an unprecedented pace, due in large to the construction boom in the region, especially in the UAE. This has made the Middle East an extremely attractive market, as evidenced by the sheer number of leading regional and international industry players lined up for the event,
Al Shezawi added.
Complementing the extensive international line-up at Dubai Woodshow 2006 will be a significant local presence. A major participant at the show will be the UAE-based Simco, a regional leader in the field of woodworking and carpentry machinery. The authorized dealers of renowned Italian wood machinery manufacturers such as SICAR Group, Euromac and El Wood, Simco will showcase some of the latest technologies from these industry leaders at the exhibition, with the highlight being the company's new line of production that enables company's to reduce number of labourers involved. Simco will also exhibit CNC machines, woodworking machines and painting line.
Arab Technology Establishment, a leading supplier of high quality equipment, material and technical services to the woodworking industry, will also have a strong presence at Dubai Woodshow 2006. The Dubai-based company specializes in the design and execution of turnkey projects for woodworking factories, covering all aspects from selection of machinery and tooling to the required support services such as electrical and compressed air lines. Arab Technology Establishment will showcase some of the latest woodworking technology at the exhibition.
Dubai Woodshow 2006 will be characterized by a cross-section of exhibitors representing the entire wood industry spectrum. International exhibitors at the show include Ceratizit Luxembourg Sari, Serra, and Jowat AG from Germany and Timber Web from UK, American Hardwood Export Council from USA, Timber S.A. from South Africa, Golden Star Wood Jaya from Malaysia, SPF Precut Lumber from Canada, Pidilite Industries Ltd and Uniply Industries from India and Jiashan New Fuhua Timber Industry from China. Prominent GCC-based participants include Simco, Al Humoudi, Italdeco and Al Rahmani General Trading Company, in addition to Danube, Mona Trading and Arab Technology Establishment.
Snips007, I really want to believe you but I am a little confused with your 2 posts. One at RB states that your best friend is Senior Manager At PWC but your post here at Ihub states that your family works at PWC. Which one is it?
Looking real good.
www.MN1.com is talking about AAGH now. Mike the analyst is blown away by the revenues.
Howdy! I got in at .20 Hope to see this go higher...
Nice find Dave007. By the way, Didn't you used to have a red corvette as your signature? I noticed the license plate said SLJB. That wasn't real was it?
Thanks Allinone. EM.
GM folks, Were the SLJB pictures posted here from Windsor only or were they also taken from Harrow?
I got another email reply from MN1 saying they are not going live on the 4rth. They re-scheduled the interview but no mention of when.
Thanks for replying Partysasquatch. I was wondering why you allowed all these shenanigans to go on. I hope that soon, you will feel a bit more generous and enlighten us more with facts.
Nice post. I agree with your opinion.
For me, the best part is this:
If you are going to go on that show without audited #s and or finalized contracts IMO it will be catastrophic to the share price.
Noted.
By the way, The MN1 folks contemplated on going live on the 4rth of Sep. It appears the interview is still a go on said date. It may change, but tentatively the plan is they go live on Sep 4. Mike the analyst is "personally very excited" about it. I hope in a positive way...
Asus, You are killing us here! Come on, Let's hear it.
How's that chart looking TFN? I am looking for an entry point.
TIA
Washapenning here multi-baggers. Dang it, I marked this board weeks ago and I look at it weekly. Shitzu, I missed the run.
Guess I need to watch my prospects closely. Anyhow, Congrats to all.
Angela, I am still curious on what else you found. I am a bit worried why Chad is doing the interview vice Sulja. I would really appreciate any information you can share. I am still long but I am watching this stock very very closely.
Shomidamoni
The only opportunity I had to change alias was when I was converting from free to paid subscriber. There was an option to retain or change your alias before payment was finalized.
And this...
http://www.investorshub.com/boards/read_msg.asp?message_id=12743940
Chips DD>>> Sulja Bros. Environmental Beliefs
Something alot of people probably didn't see in the past for my research I posted but it plays into todays NEWS!!!
Sulja Bros. is dedicated to striking a reasonable balance between economic pursuit and environmental protection. We believe the key to balance lies in adopting policies of sustainable development.
Sulja Bros. understands that business leadership carries a responsibility to the environment and, in particular, to the worlds' forest lands. While we are not timber producers, do not own timberland and have no logging operations, we are buyers, sellers and re-manufacturers of forest products and building materials. Thus, we are committed to the promotion of conservation of natural resources and the practice of sustainable forestry.
We believe and promote the following principles:
We will comply with all applicable federal, state and local environmental laws and regulations.
We are committed to reducing material waste in all our operations, through recycling programs and other reuse practices.
We will encourage our suppliers to follow good environmental and sustainable forestry practices. We do not support illegal logging and will not knowingly purchase from suppliers who we believe support these practices.
We are committed to increasing our purchases of wood products from our suppliers who use credible forestry standards such as the Sustainable Forestry Initiative (SFI), Forestry Stewardship Council (FSC), Canadian Standard's Association (CSA) Sustainable Forest Management Standard, Pan European Federation Certification and other equivalent protocols for timber supply and mill operations.
We will continue to give preference to suppliers that have made a written commitment not to participate in the conversion of North American native forests into tree farms.
We will give preference to certified (using CERTFOR, FSC, SFI, CSA or PEFC standards), when available, at price parity and equivalent quality.
We will actively seek to introduce new environmentally friendly products to meet market demands.
We will stay abreast of developments and issues of environmental importance through active participation in various associations and educational forums and communicate the principles of forest conservation and sustainability to our employees, shareholders and our trading partners.
We will financially support reasonable environmental initiatives and training to support sustainable forest practices.
We will integrate environmental considerations into business planning and decision making processes.
We source certified products using accepted protocols (SFI, FSC, CSA, PEFC, CERTFOR, ISO14001 and others) to meet specific customer needs.
We support the Temperate Forest Foundation and other groups that teach or promote sustainable forestry.
We are actively involved in the America Forest and Paper Association and other organizations in promoting sustainable forest management.
SLJB is the real deal hollyfield!!!!!!
I am still scratching my head on where Chip got this.
http://www.investorshub.com/boards/read_msg.asp?message_id=12498535
LONGS or New investors >>> SLJB >>>>> EXPANSION PLANS(Canada/USA) ...You longs needed something verifiable...Well here it is>>>>>>>>>>>>>>>>>
Expansion Plans
All indicators are pointing to a 15% increase in housing starts over the next twelve months and a 20% increase over the next twenty four months in the Windsor and Detroit regions. We at Sulja Bros. are preparing for this increase by implementing an aggressive and well calculated expansion plan with retail warehouses, showrooms and yards in Toledo, Ohio; Fort Wayne, Indiana; London, Ontario and Kitchener, Ontario.
In the Windsor Ontario region, our plans include moving the retail and storage portions of the business to a more centrally located yard. This move will not only save on delivery fuel expense and increase exposure to prospective clients; it will also expand our delivery perimeter which will increase our client base. The area being considered is on Manning Road in Tecumseh Ontario.
The new yard will not only boast an extensive showroom to showcase our more extensive product line, but will also house an interior storage yard. The interior yard is a great asset and will better preserve our lumber stock and protect it from climate conditions characteristic of this region. Greater inventory controls and less damaged materials will increase our profits and will allow us to provide a better product to our clients.
Our existing yard and structures in Harrow Ontario will serve as additional storage as well as our newly formed truss manufacturing facility. The new facility will manufacture wood roof trusses and wall panels and will service both Canadian and American markets. Negotiations and planning have been on going with equipment providers and product suppliers which will make this one of the most modern and efficient truss plants in the region. Upon its completion, Sulja Bros. will be in a position to provide a complete in-house package to our clients at very competitive prices while increasing our profits.
In Detroit our plans include expanding our current location located in Lincoln Park Michigan. The Facility already boasts indoor lumber storage as well as a central location to service the area affectively. A showroom will be added to the yard so builders can choose windows, trim and other finishing products.
Further to this, a boom truck, transport trailer, and cube van will be added to the Michigan fleet to make logistics and deliveries more effective. Moving product quickly and efficiently results in greater customer satisfaction and higher profits.
The cities of Toledo, Ohio and Fort Wayne, Indiana will host our new stores, for the expansion into the Central North East of the United States. Kitchener, Ontario and London, Ontario are also cities to which our new retail showrooms, construction supply warehouses and yards will be located to infiltrate the heightened growth of the construction market of Southwestern Ontario.