Ntex targets U.S. towel market

Article Abstract:

Ntex Inc. of Toronto, Ontario, is in a series of acquisitions as part of a plan to overcome larger competitors in the towel market and establish smaller retail chains south of the border. The company currently controls two other facilities the US and Glendale Yarns in Hamilton, with an intention to expand in Canada and purchase more US firms. Ntex chairman Fred Litwin hopes the company to be able to better penetrate the enormous US towel market as it sees growth and uses advanced technology, as well as offer smaller and more custom runs. With these, Ntex intends to rival towel makers in the US and become the prime supplier of towels to some of the smaller retail chains in the country.

Comment:

Is in series of buys as part of plan to beat larger rivals in towel market and create smaller retail chains south of the border

Other Household Textile Product Mills, Cotton Towels & Washcloths, Ntex Inc.

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Hollinger eyes Internet expansion

Article Abstract:

Hollinger International Inc.'s Chairman Conrad Black has announced plans of the company, one of the leading newspaper publishers in the world, to expand into the sales of products and services in the Internet. Black said the publishing company is relying on its good name and reputation to become a success in the new ventures, which it expects to be a major source of income. Hollinger, together with Southam Inc. of Toronto, Canada, in which Hollinger holds a 58% stake, already operates over 100 Web sites. Southam's new Internet search site, Canada.com, is one of the most visited sites and and has sold majority of its advertising space for 1999.

Comment:

Chairman Conrad Black announced company plans to expand into the sales of products & services in the Internet

Newspapers, Newspaper Publishers, Illinois, Newspaper publishing, Hollinger International Inc.

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O&Y enters property development

Article Abstract:

O&Y Properties Corp. plans to build a 350,000-sq-ft building on the northeast corner of Yonge and Queen Street, near the Eaton Centre in Toronto, Ontario, the site of which it already owns. The firm will start construction upon the prelease of 150,000 sq ft expected by 1999. O&Y CEO Philip Reichmann said the demand for office space particularly in Toronto will exceed supply if the Canadian economy continues to grow. So far, the firm is only an owner and manager of 25 properties with a total of 7.6 million sq ft of commercial office space.

Comment:

Plans to build a 350,000-sq-ft building on the northeast corner of Yonge and Queen Street, near the Eaton Centre in Toronto

Land Subdivision and Land Development, Facilities & equipment, Office & Commercial Developers, Commercial developers, O&Y Properties Corp.

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