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Kirk LaPointe: Alberta's 'get things done' edge leaves B.C. behind in investment race From permits to profits, neighbouring province's model proves hard to beat Kirk LaPointe Nov 27, 2024 12:00 PM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message Alberta's proactive investment strategy, led by Invest Alberta, is attracting businesses with swift regulatory changes, lower costs, and a "get things done" approach, positioning the province as a more attractive destination than British Columbia. Photo via benedek/E+/Getty Images Listen to this article 00:05:18 Dow wanted to expand its Path2Zero zero-emission project from outside Fort Saskatchewan with a significant investment, but didn’t think the province’s depreciation rates were suitable. No problem: the rates were changed by the province – in seven days. The international pulp and paper behemoth, Mondi, wanted to promptly get environmental permits to move into the province. No problem: the permits came from the province in a speedy 90 days. The problem was: the province was Alberta, not British Columbia. And a bigger problem looms: Alberta is more aggressively big-game-hunting for investment now in Vancouver. It has opened an office here of the prodigious Crown corporation, Invest Alberta, and hired what it calls an “investment attraction advisor” – Brock Lalla, a former economist with PwC’s Canadian economic and policy practice. Based on its history of less than a half-decade, it would not be surprising to see some serious migration and expansion of B.C. businesses into our neighbouring province. In four years, Invest Alberta has attracted $24.9 billion in investment from around the world, counting for 33,481 jobs. Its CEO is himself a Vancouver expat appointed in 2021, Rick Christiaanse, and in keeping with the red-tape-averse culture, he reports directly to Premier Danielle Smith and not into the province’s bureaucracy. It is old news now that Alberta can put to shame most anything British Columbia might try to make for a better business and worker climate. Corporate taxes and housing prices are lower, salaries are higher, regulations are changed faster, construction permits are swifter. Little wonder an Angus Reid Institute poll earlier this year indicated more one-third of British Columbians – and half of all young people – were seriously considering leaving because of housing unaffordability. But housing costs are simply a symptom of a wider ailment, some of it tangible and some of it attitudinal. “Alberta’s claim to fame is that it can get things done,” Christiaanse told me. “We were in the wilderness for 10 years. We got desperate enough here that we had to figure out how to do this.” What it does is court investment, offering a concierge-like tailored suite of services to smooth the entry into the market – navigational assistance to streamline setup, marketing intelligence, networking leads, after-care services – in using its 17 offices worldwide to scout and secure significant investment. What it doesn’t do, though, might surprise you: It won’t write any cheques when business comes calling. It refuses to engage in the race to the bottom that many American cities and states will. “Our cheque-writing capacity is zero,” he says. “If you’re looking for a subsidy, that’s not our province.” Christiaanse, whose career includes stints as chief operating officer of the Skidmore Group and senior director of sales and marketing for Telus International, has been campaigning of late to demonstrate Alberta is not simply an oil and gas province. The province leads Canada in renewable energy growth. Amazon is building its first Canadian wind farm in southern Alberta; it already owns a solar project in the province, one of the largest in North America. Edmonton alone has four $1-billion-plus hydrogen energy plants under construction. Japanese firms Sumitomo and Itochu have extensive climate-change mitigation projects there. It is Alberta’s access to abundant energy, though, that often clinches the deal. “B.C. can’t build any more dams,” he notes. Mainly, he says though, business is saying: “I want stability.” The BC NDP government has its hands full at the moment, with a large and expanding deficit, declining per capita GDP, expensive health-care challenges, a CleanBC plan that will be costly across the province’s economy and relatively little business savvy at the helm. Even former NDP premier Glen Clark chided the Eby government to focus more on wealth creation than wealth redistribution. Christiaanse defines the challenge little differently than Clark: “We see the role as building prosperity.” What the world is saying when it takes its investment elsewhere are three things, he notes: “Bring me food security. Bring me energy security. And lately, bring me cybersecurity.” He plays down any B.C.-Alberta rivalry. “We need to be aligned,” he says. But he also notes that Alberta “had to hit rock bottom” before it initiated the changes it now offers investors as a calling card, without specifically suggesting that’s where B.C. now finds itself. “Vancouver is an incredible place to live,” he says. “But if you’re looking to take your business to a new level . . .” Kirk LaPointe is a Glacier Media columnist with an extensive background in journalism. See a typo/mistake? Have a story/tip? This has been shared 0 times 0 Shares Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message Get your daily Victoria news briefing Email Sign Up Related Kirk LaPointe: John Horgan made his mark mixing fiscal competence with social prescription Nov 13, 2024 11:30 AM Opinion: Trump 2.0 will be a test of Canada's resolve Nov 6, 2024 11:00 AM Opinion: Time to tackle the scourge of online anonymity and political intimidation Nov 4, 2024 11:30 AM Opinion: Rebuilding trust in journalism starts with busting misconceptions Oct 30, 2024 4:30 PMbet365 5 free spins 。

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Oregon coach Dan Lanning expects to be tested by Ohio State at the Rose BowlNEW YORK , Dec. 15, 2024 /PRNewswire/ -- The global metalworking fluids market size is estimated to grow by USD 2.08 billion from 2024 to 2028, according to Technavio. The market is estimated to grow at a CAGR of 3.2% during the forecast period. For comprehensive forecast and historic data on regions,market segments, customer landscape, and companies- Click for the snapshot of this report Report Attribute Details Base Year 2023 Forecast period 2024-2028 Historic Data for 2018 - 2022 Segments Covered End-user (Construction, Automobile, Aerospace, Electrical and power, and Others), Product (Mineral, Synthetic, and Bio-based), and Geography (APAC, North America, Europe, Middle East and Africa, and South America) Key Companies Covered Abitec, AMILE Industries Pvt. Ltd, Apar Industries Ltd., Arabian Petroleum Ltd., BASF SE, Benz oil Inc., Callington Haven Pty Ltd, Carborundum Universal Ltd., Chevron Corp., Exxon Mobil Corp., FUCHS SE, Gandhar Oil Refinery India Ltd., GP Global, Grauer and Weil India Ltd., Illinois Tool Works Inc., Lonza Group Ltd., Master Fluid Solutions, Saudi Arabian Oil Co., Sun Chem Pvt Ltd., and Victory Polychem Pvt. Ltd, Quaker Houghton, BP p.l.c., TotalEnergies SE, FUCHS, Idemitsu Kosan Co., Ltd., Chem Arrow Corporation, LUKOIL, China Petroleum & Chemical Corporation (SINOPEC), Valvoline Inc., Houghton International, Blaser Swisslube AG, Kuwait Petroleum Corporation. Regions Covered APAC, North America, Europe, Middle East and Africa, and South America Region Outlook North America Europe Asia Rest of World 1. APAC - APAC is estimated to contribute 39%. To the growth of the global market. The Metalworking Fluids Market report forecasts market growth by revenue at global, regional & country levels from 2017 to 2027. The APAC metalworking fluids market is experiencing consistent growth due to the expansion of the manufacturing and industrial sectors in countries like China , India , Japan , and South Korea . These regions, known for their automotive, aerospace, and machinery industries, are key contributors to the market. Manufacturers are focusing on enhancing machining efficiency and extending tool life, leading to increased demand for high-performance metalworking fluids. In response to environmental regulations, water-based fluids are becoming increasingly popular. However, synthetic fluids continue to gain traction for specialized applications. Major players in the APAC market include Exxon Mobil, Chevron, and FUCHS, offering a range of cutting fluids, lubricants, and corrosion inhibitors. For more insights on APAC's significant contribution along with the market share of rest of the regions and countries - Download a FREE Sample Segmentation Overview End-user 1.1 Construction 1.2 Automobile 1.3 Aerospace 1.4 Electrical and power 1.5 Others Product 2.1 Mineral 2.2 Synthetic 2.3 Bio-based Geography 3.1 APAC 3.2 North America 3.3 Europe 3.4 Middle East and Africa 3.5 South America Get a glance at the market contribution of rest of the segments - Download a FREE Sample Report in minutes! 1.1 Fastest growing segment: The global metalworking fluids market is primarily driven by the construction industry, which utilizes these fluids for various applications such as machining, cutting, and shaping metal components. In construction, cutting and grinding fluids are essential for metal fabrication in steel beam cutting, concrete surface grinding, and metal component shaping. Hydraulic fluids are crucial for heavy machinery like excavators and bulldozers, ensuring efficient operation and preventing metal component wear and tear. Notably, India's urbanization trend predicts that urban areas will house 40% of India's population and generate 75% of the country's GDP by 2030. This expansion of infrastructure projects, including bridges, buildings, and roadways, significantly increases the demand for metalworking fluids, making construction a significant end-user in the market's growth during the forecast period. Research Analysis The Metalworking Fluids market encompasses a wide range of fluids used in the manufacturing sector for machining and metalworking processes. These fluids, derived primarily from crude oil, include base oils, motor oils, and lubricants. They are essential for heavy industry machinery in various industries such as manufacturing, construction, transportation, and more. In the industrial lubricant market, metalworking fluids play a crucial role in primary ferrous and non-ferrous manufacturing processes. The aviation and marine industries also heavily rely on these fluids for their machinery. Factors driving the demand for metalworking fluids include population growth, increasing consumerism, product visibility, and the need for efficient manufacturing processes. Connectivity and infrastructure development further boost demand, while trade relations and the availability of roads are critical considerations for the market's growth. Market Overview Metalworking fluids, also known as MWFs, are essential liquids used in various industries for metalworking processes such as machining, forming, and forging. These fluids play a crucial role in reducing heat, preventing corrosion, and improving tool efficiency. The market for metalworking fluids is vast and diverse, spanning across sectors like agriculture, construction, automotive, aviation, and heavy industry machinery. In the agricultural sector, metalworking fluids are used in the manufacturing of agricultural equipment, ensuring high-yield production and efficient machinery operation. In the automotive industries, these fluids are employed in the production of automobile parts, ensuring smooth manufacturing processes and high-quality end products. The aviation industry relies on metalworking fluids for the production of aircraft and aircraft parts, ensuring the production of lightweight, durable, and safe components. In the construction sector, metalworking fluids are used in the manufacturing of heavy machinery and equipment, enabling the construction of infrastructure projects and large construction vehicles. The demand for metalworking fluids is driven by consumerism, population growth, and the need for increased process productivity. However, environmental issues and health concerns have led to the development of eco-friendly and non-toxic metalworking fluids. The market for metalworking fluids is expected to grow significantly in the coming years due to the increasing demand for transportation equipment, infrastructure development, and the need for improved workpiece quality and surface finish. Metalworking fluids are used in various industries, including drilling, forging, grinding, forming, and metal fabrication. They are also used in the production of base oils, gear oils, and motor oils. The chemical composition of metalworking fluids varies, depending on the specific application and the type of metal being worked. Metalworking fluids are used in various industries, including the manufacturing of iron structures, non-ferrous metals, and primary ferrous and non-ferrous metals. They are also used in the production of marine and railroad equipment, as well as in the automotive, aviation, and heavy machinery manufacturing industries. The use of metalworking fluids is essential for the production of high-performance metalworking fluids, which are used in the manufacturing of complex components and integrated circuits. These fluids help to improve tool efficiency, reduce tool wear, and ensure high-quality workpiece surfaces. However, the production and disposal of metalworking fluids can pose environmental and health concerns. Proper disposal of hazardous waste is crucial to minimize the impact on the environment and worker health. In conclusion, the metalworking fluids market is a dynamic and diverse industry that plays a crucial role in various sectors, including agriculture, construction, automotive, aviation, and heavy industry machinery manufacturing. The demand for metalworking fluids is driven by consumerism, population growth, and the need for increased process productivity. However, environmental and health concerns have led to the development of eco-friendly and non-toxic metalworking fluids, ensuring sustainable and safe production processes. Start exploring market insights by Download a FREE Sample Report in minutes! Key Topics Covered: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Venodr Landscape 11 Vendor Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/ View original content to download multimedia: https://www.prnewswire.com/news-releases/metalworking-fluids-market-39-of-growth-to-originate-from-apac-technavio-302331312.html SOURCE Technavio © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.