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Finance committee Again, it depends on what segment of our industry we look at. In 2005--
November 7th, 2013Committee meeting
Catherine Cobden
Finance committee Yes.
November 7th, 2013Committee meeting
Catherine Cobden
Finance committee Absolutely.
November 7th, 2013Committee meeting
Catherine Cobden
Finance committee Absolutely, in 2005, 2006, 2007 we had some pretty deep dark days. We have turned the corner from a sunset industry to a sunrise industry.
November 7th, 2013Committee meeting
Catherine Cobden
Finance committee But it's predicated on the adoption of innovation, hence I think that's why we've been invited to be here today and the transformation agenda. Al-Pac is one of the success stories that I was mentioning with the IFIT program.
November 7th, 2013Committee meeting
Catherine Cobden
Finance committee It's a very exciting opportunity that's right in the heart of it.
November 7th, 2013Committee meeting
Catherine Cobden
Finance committee I don't know the exact numbers of the $100 million, but it was out of the $100 million IFIT program that they received funding. Do you know the number?
November 7th, 2013Committee meeting
Catherine Cobden
Finance committee Okay.
November 7th, 2013Committee meeting
Catherine Cobden
Finance committee There's no question that we're leaner. We have had a tremendous job loss for reasons we cannot have controlled—the structural decline in products and slowing global economy as you know. I think we're poised for a tremendous success into the future.
November 7th, 2013Committee meeting
Catherine Cobden
Finance committee You know, some of the examples I was citing are world leading, but they've been brought to you by the support of FPInnovations, which you've been doing, and the IFIT program. Hence, I'm here to ask you to look at that again.
November 7th, 2013Committee meeting
Catherine Cobden
Finance committee Yes.
November 7th, 2013Committee meeting
Catherine Cobden
Finance committee Our position is that from every tree harvested we need to get maximum value. You can interpret that to mean that the shipping of raw logs is not getting much value from the wood.
November 7th, 2013Committee meeting
Catherine Cobden
Finance committee I'm not sure which of our members are engaged in that practice, actually. I'd have to look into that particularly. I think we would find that this isn't a common practice amongst the FPAC member companies. In fact, the FPAC member companies are fully committed to trying to get m
November 7th, 2013Committee meeting
Catherine Cobden
Finance committee Yes.
November 7th, 2013Committee meeting
Catherine Cobden
Finance committee Thank you very much for the question. I do appreciate that you have a wealth of knowledge regarding our sector. For sure we are thrilled by the progress we have made to date. The innovation we have done, by the way, isn't just in the new products, which IFIT is a fantastic tool
November 7th, 2013Committee meeting
Catherine Cobden