TEAM CANADA 2002 SCORES $337 MILLION IN NEW BUSINESS DEALS IN RUSSIAFebruary 15, 2002 Prime Minister Jean Chrétien witnessed today the signing of 77 new business deals by Canadian enterprises during the Russia portion of the Team Canada 2002 trade mission. The deals, totalling $337.151 million, include 25 contracts, totalling $148.059 million, and 52 memoranda of understanding and letters of intent, totalling an estimated $189.092 million. "The success of Team Canada 2002 is a clear sign that the time is ripe for Canadian companies to substantially raise their profile in the new Russia," said the Prime Minister. As President Putin carries forward the historic program of reform that is anchoring Russia as an open, market-driven economy, it is clear that Canadian and Russian businesses will enjoy many more opportunities to realize their full potential as commercial partners." The deals include a wide range of projects and investments in key sectors including agriculture and food, housing and construction materials, education, oil and gas, mining, and technology, including cold-weather technology. As well, Canada Mortgage and Housing Corporation (CMHC) signed a Protocol with the State Committee on Construction, Architecture and Housing Policy which marks the establishment of a new Russian building code for single-family dwellings based on Canada’s building code. This will create new opportunities in the Russian market for Canadian builders and construction material suppliers. The deals were signed at the Luzhniki Sports Centre where Canada and Russia faced each other 30 years ago in the 1972 world hockey Summit Series. The Team Canada 2002 trade mission will head to Germany February 17. - 30 -
CANADA-MOSCOW BUSINESS AGREEMENTS Advantech, Montreal, Quebec Agrimex Inc., Montreal, Quebec Algonquin and Lakeshore Catholic District School Board, Napanee, Ontario Algonquin and Lakeshore Catholic District School Board signed a memorandum of agreement with Maganom Educational Centre, Moscow, establishing a joint partnership to provide opportunities for Russian students to earn an Ontario Secondary School Diploma in Canada. The agreement is valued at $150,000, all of which is Canadian content. Amelin Engineering Ltd, Concord, Ontario Amelin Engineering signed a memorandum of understanding with the Ministry of Housing and Municipal Services of the Republic of Bashkortostan, to establish an assembly plant in the city of Ufa to assemble steam generators. The agreement has a potential market value of $30 million over the next two years, of which $15 million is Canadian content. Amelin Engineering signed a memorandum of understanding with Steamwood of Staryi, Oscol, Belgorod region, to provide consulting engineering services relating to wood drying and water treatment using steam generating technology. This agreement is valued at approximately $8 million over three years, all of which Canadian content. Amelin Engineering signed a memorandum of understanding with 000 Nizhengorodsky Dom of Nizhny Novgorod to establish an assembly plant in Russia to assemble steam generators. This agreement is valued at $48 million over the next two years, of which $24 million is Canadian content. Benol Corporation, Ottawa, Ontario Canada North Projects, Yellowknife, Northwest Territories Canada Grain Inc. (a division of SIMEX), Montreal, Quebec Canada-Russia Society for Economic and Cultural Cooperation, Toronto,
Ontario Canadian Business Consultants International, Salmo, British Columbia Canadian Iceberg Vodka Corp., St. John’s, Newfoundland and Labrador Canadian Mortgage and Housing Corporation (CMHC), Ottawa, Ontario Canam Services Inc., Calgary, Alberta Canbreal Therodiagnostic International, Ottawa, Ontario Canbreal Therodiagnostic signed a memorandum of understanding with the Municipal Centre of Viral Research of St. Petersburg to establish mutual cooperation for the development of regional programs for innovation on aspects of early diagnosis and treatment of cancer, particularly breast cancer and HIV/AIDS. The screening methodologies are based on Canbreal products and technologies. The agreement is valued at $3 million, of which $2 million in Canadian content. Canbreal Therodiagnostic signed a memorandum of understanding with the Yamalo-Nenetzk AIDS Centre to establish mutual cooperation for the development of regional programs for innovation on aspects of early diagnosis and treatment of HIV/AIDS and steroid dependent cancers, primarily breast cancer. The screening methodologies are based on Canbreal products and technologies. The agreement is valued at $3 million, of which $2 million in Canadian content. CANstroy International Inc., Toronto, Ontario CANstroy signed a contract with Polysanbtorg of Surgut to provide procurement of building materials and engineering and design consulting for a five-story residential building. The agreement is valued at $4.45 million over three years, of which $2.67 million is Canadian content. Centre for Trade Policy and Law, Ottawa, Ontario CEP International Petroleum Ltd., Calgary, Alberta Conicor Consul International Group, Montreal, Quebec Connex International Inc., Calgary, Alberta Connex International signed a memorandum of understanding with Industrial Systems Ltd. to provide design and project management services for the development of an industrial park using Canadian methodologies. Connex International signed a memorandum of understanding with Industrial Systems Ltd to provide professional services related to the training and development of technical construction methods, sales and marketing techniques, and financing and mortgage lending strategies. Custom House Currency Exchange, Victoria, British Columbia Custom House Currency Exchange signed a letter of intent with Lanit of Moscow for the provision of information technology support to develop infrastructure for electronic communications with Russian banks and customers. Custom House Currency Exchange signed a letter of intent with the UFK-Consulting of Moscow to provide consulting services on legal and organizational steps on opening Canadian businesses in the currency exchange domain. Diamond Business Systems, Toronto, Ontario Export Development Canada, Ottawa, Ontario Finline Technologies Ltd., Waterloo, Ontario Finline Technologies signed a contract with Vlux Association of Moscow to provide a multipoint multichannel distribution system (wireless access for high speed internet and television broadcasting). The agreement is valued at $715,000, all of which is Canadian content. Finline Technologies signed a memorandum of understanding with Vlux Association of Moscow for a distribution agreement and prospects for services in Russia. Fox 40 International Inc., Hamilton, Ontario Gartner Lee Limited, Toronto, Ontario Hatch, Mississauga, Ontario Hatch signed a general cooperation agreement with Sual Holdings to establish a cooperation program with the Komi Republic to develop a greenfield aluminum complex in the Komi Republic. International Informatization Academy, Montreal, Quebec International Informatization Academy and McGill University signed a memorandum of understanding with Moscow State University’s Faculty of Management for the exchange of students and programs and the development of a distance education system. The agreement is valued at $5 million over two years, of which an estimated $2.5 million is Canadian content. International Informatization Academy and McGill University signed a memorandum of understanding with the Moscow State Institute of Foreign Affairs for the exchange of students and programs and the development of a distance education system, and to use McGill’s MBA program as a model to create similar programs in Moscow. The agreement is valued at $5 million over two years, of which $2.5 million is Canadian content. International Informatization Academy signed a memorandum of understanding with the Novocherkask Liquor and Vodka Plant to create a joint venture company in Montreal to import Russian vodka, as well as produce, bottle and distribute vodka in North America. The joint venture investment is valued at $20 million over 4 to 5 years, of which $15 million is Canadian content. International Informatization Academy signed a memorandum of understanding with the Russian Test and Certification Centre (Rostest), Moscow, to establish an agency of Rostest in Montreal to certify products for export from North America to Russia. The agreement is valued at $3 million, of which $2.7 million in Canadian content. International Informatization Academy signed a memorandum of understanding with Stroyinnovatsia 000 of Perm establishing a joint venture using Canadian technology to produce building materials for housing projects in Perm. The agreement is valued $60 million, of which $6 million in Canadian content. InterUniversity Centre Canada, Guelph, Ontario InterUniversity Centre Canada signed a letter of intent with Moscow State Lomonosov University to develop an inter-faculty system of courses offered in English, open to both Russian and foreign students. More generally, to strive to increase exchanges of students and faculty and promote collaborative research and projects involving faculty and students of Moscow State University and Canadian universities. InterUniversity Centre Canada signed a contract with Foundation for Agrarian Development Research for a one-month course on the sociology, economics and politics of Russian agriculture and agri-food. The course is aimed at North American students, will be offered in English, and will take place in Russia. The first offering will be in the summer of 2002. This contract is worth $18,000, all of which is Canadian content. InterUniversity Centre Canada signed a contract with Ecological Travel Center for a one-month course-expedition through the ecological zones of Central Siberia, to be offered for the first time in August-September 2002. This contract is worth $45,000, all of which is Canadian content. InterUniversity Centre Canada signed a contract with Centre for International Educational Programs, St. Petersburg State Technical University for a program of Russian language, science and culture for North American students, to be offered on a continuing basis in three trimesters each year. This contract is worth $48,000, all of which is Canadian content. Lovat Inc., Toronto, Ontario Lovat signed a memorandum of understanding with Metro Kazan of Kazan to supply a second tunnel boring machine. The agreement is valued at $10 million, all of which is Canadian content. Province of Manitoba, Winnipeg, Manitoba The Province of Manitoba signed a letter of intent with the Krasnoyarsk Region to develop new polar air routes between Winnipeg, Manitoba and Krasnoyarsk, Russia. Montrade Inc., Montreal, Quebec International Student Education Department, Nanaimo-Ladysmith School
District, Nanaimo, British Columbia The International Student Education Department of the Nanaimo-Ladysmith School District signed a memorandum of understanding with the European School of St. Petersburg to recruit Russian students for high school studies in Nanaimo. The International Student Education Department of the Nanaimo-Ladysmith School District signed a memorandum of understanding with The Consulting Centre, European Centre, Moscow, to recruit Russian students for high school studies in Nanaimo. The International Student Education Department of the Nanaimo-Ladysmith School District signed a memorandum of understanding with Franz and Lefort Education and Counseling Centre to recruit Russian students for high school studies in Nanaimo. NASCOR, Calgary, Alberta Nascor signed a letter of intent with Perspektiva of Perm licensing their structural building technology to Perspektiva to build components for wood frame houses as well as demonstration houses. The agreement is valued at $1.4 million, all of which is Canadian content. Nascor signed a memorandum of understanding with the government of Khanty Mansiysk licensing them their structural building technology to build components for wood frame houses. The agreement is valued at $2.4 million, all of which is Canadian content. Phoenix Geophysics Ltd., Toronto, Ontario RJZ Mining Corporation, Calgary, Alberta Ronald A. Chisholm Ltd., Toronto, Ontario Ronsco Inc., Montreal, Quebec Ronsco signed a contract with Zavod Machinostroitel of Voskresensk for the exclusive distribution of grinding media, which is used for grinding down rocks and minerals for industrial applications and used by different industries. The agreement has a potential value of $19 million over three years, all of which is Canadian content. SNC-Lavalin, Montreal, Quebec SNC-Lavalin signed a protocol of intent with JSC Elgaugol to hold negotiations and carry out a joint activity on the preparation of the agreement foreseeing joint implementation in the project of Elga Coal Deposit Development. The project includes the development of a 2.7 billion ton coal deposit located in the Republic of Sakha. SNC-Lavalin signed a memorandum of cooperation for joint work with the administration of Samara Oblast for the design and construction of an investigative detention facility in the Volzhsk district of Samara City. Tamwood International College, Vancouver, British Columbia Thomson Technology Inc., Langley, British Columbia The University of Manitoba and the Canadian Centre on Disability Studies, West Group Resources, Toronto, Ontario West Group Resources signed a contract with Tyumen Oil Company to rebuild, in accordance with TNK corporate standards, a network of over 650 gasoline stations. The contract is valued at $37.8 million, all of which is Canadian content. West Group Resources’ subsidiary Global Cro signed a contract and a memorandum of understanding with Orenburgnefteproduct, a subsidiary of Tyumen Oil Company, to computerize their fuel terminals and monitoring systems. The contract is valued $358,000, and the memorandum is valued at $1.67 million, all of which is Canadian content. |
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