February 4, 1976 Two Page Albertsons Begins Wholesale Distribution Inc. has announced its entry into the spokesman. The truck garage will service Mountain States vehicles, which include 20 diesel tractors and 55 semi trailers. Albertson's has hired 128 employees to staff the new center, 22 of whom are salaried managers. According to 'the spokesman, Albertsons anticipates having a total staff of 175 people within 90 days. The center was designed by Food Industries Research and Engineering, Inc., anEnvir-odyn- e Company, through its Albertson's, wholesale food distribution business. By forming a new division Mountain called States Wholesale, Albertson's plans to begin distributing dry groceries, produce, frozen foods, meat, deli and dairy products to independent stores and chaines, as well as its own stores, an Albertson's spokesman said. Headquarters for the newly formed Mountain States are located in a 335,000 square foot distribution center built on 80 acres at 620 West 600 North, Salt Lake City. The building cost $10 W-holes- ale San Jose, California General contractor for the center was Christiansen Bros., Inc. million. , office. The center will service Albertsons stores in Utah, Eastern Idaho and portions of Colorado, Wyoming, Montana and Nevada, the spokesman said. The 350,000 square foot center will eventually include a 5,200 square foot solid waste recycling depot, a' 6,800 square foot truck garage, and a 9,000 square foot general office space. The solid waste depot will Parking Center Nears Completion The top has been reached Kenways Growth Signals ''Turnaround in Economy, Spokesman Claims 300 employees," says Mark Houmard, a spokesman for the firm. Most of the 50 new When the recession hit Kenway, Inc., a Salt Lake City firm, 130 employees were laid off between March and November of last year. Of 380 employees, only 250 re main-e- employees will be hired for work in production. Kenway produces "material handling systems," which are devices and services that automatically move products from one place to another. d. Kenway is now experiencing a strong turnaround. "By the end of February we will have Utah Business Exports Goods Round the World balance his production schedule by developing a market on the other side of the equator, where seasons are opposite ours. Bettinger said export activity can significantly broaden a companys market. You can change your market from a potential 200 million in the U.S. to more than 2 billion in the world, he said. Exporting can deepen as well as broaden your market, Nearly 180 Utah companies export goods outside the country. Their products range from nuts and bolts to computers; from legal services to for the parking center under construction on Regent Street off 2nd South east of Main turkey meat. No country in the Street. world is exempt from Utahs According to a Zion Sec- products. urities , owners of the structCompanies of all sizes partiwill be leased cipate in export activities. ure, the facility y to Beehive Parking Co. A Marianne OLeary sells a mining tool to spokesman said he expects it to open April 1. miners in 24 countries. Her The new center will have approximate annual export 0 a process mainly cardboard nine floors and room for 1,000 sales range from said. boxes, according to the cars,' he year. Standard Saddle Tree Co., line, sells saddle trees, cinches and hardware to customers in Australia, Canada and England, bringing in over $100,000 in sales annually. 'I have great respect for the person willing to initiate export distribution, says Cass Bettinger, assistant vice president of Commercial Security Bank and chairman of the World Trade Association. Such a person is immediately faced with two discour-agmentBettinger continued. He must deal with additional documentation of all types. Special packaging must often be used. Cash flow is often impaired. But the rewards are many. There's more business news in this town Exporting can stabilize a comthan meets the eye . . . and that's just it He panys production. You're not getting the whole story. explained a sporting goods The UTAH ENTERPRISE REVIEW is here manufacturer, with a seasonal News for, about and by the Utah businessman. market here in the U.S., can Take it, business news, yours for the asking. single-handedl- says Dwight Williams, a Salt Lake attorney specializing in $10-50,00- international trade. Many times a company can realize a much better profit margin by selling outside the U.S. he explained. Another advantage to companies exporting goods is a significant tax incentive. Companies may sell goods to other countries through a subsidiary corporation, and defer up to 50 percent of its export income. The subsidiary can also loan money to its parent Numerous other benefits to both parent and subsidiary are contained in the legislation. The subsidiary is tax-fre- s, Theres more than meets the eye e. called a Domestic International Sales Corporation. Dwight Williams says he tells his clients this: Even if you end up making the same profit as you would by not exporting, the experience is so exciting; that alone is worth it. LOOK US OVER No where else will you find published bank C.D. rates, mortgage interest rates, stock quotations on all Utah (and companies, exclusive real estate coverage, helpful hints from local businessmen, and good hard news about Utah businesses large and small. What is government doing "for" and "to" your business? What is it costing? Can it be justified? Others can tell you what the officials are officially saying; we'll tell you what they're doing. If we step on a few toes, so be it. You deserve to know what wheels are turning the Utah business machine. SPECIAL FACTORY PURCHASE SYLVANIA Utah-relate- Buy it. You really GT-10- Portable Model CC4152W H I6V1 in. Chassis Cabinet of Walnut grain finish on W 22 in. high-impaD 17 in. plastic. GT-10- 1 Mail to Solid-Stat- e ct THE UTAH ENTERPRISE REVIEW 500 Continental Bank Building f.O. Bax 11778, Pioneer Station Salt Lake City, Utah 84 1 47 FOR HOME OR BUSINESS USE TV SALES & REPAIR INTERCOM SYSTEMS BACKGROUND MUSIC SYSTEMS PAGING Name have enclosed Si 8 (chfik or tcthe suUscnprion yeo I B & C otnetj to a or: mc-ne- UTAH ENTlKPRiSE P REVIEW. km van UHi ma KMB B9k KW EMfi BS4 KSI KB K13 KB KSSfl O SOX 334 TtliPHONE quarter, Houmard declared. He said during the last 80 days of 1975, Kenways sales pas- sed the $11 million mark. That figure was about half that of sales produced during the entire year in fiscal 1975: $20 millon. Houmard credited a "turnaround in the economy" for the recent upsurge in sales. He added the company's product, being a capital expenditure is "one of those things companies will put off when capital is tight. "Customers are buying them now, however, because they do increase productivity and profitability. Businesses really want to make a profit in 1976, after this last year. "Also, they are anticipating increased consumer demand in 1976. They will need our products to deal with it," he added. Houmard explained that about 75 percent of recent sales were actually ordered a year ago. "At the end of the year, firms decide to buy. They can use the purchase for This quarter a tax write-of- f. the number of sales also indicates confidence in an improving economy," Houmard continued. Houmard said the Kenway products are not discretionary purchases, but they involve a capital investment that improves a companys profitability over a long term. "People buy our products because they help control inventory, they help save space, and they reduce manpower," Houmard stated. He said control over inventory reduces loss due to pilferage and misplacement. Since Kenways machines can operate in warehouses 80 feet high, they help reduce the clients investment in real estate. Since the vehicles are operated by computer, they help cut personnel costs. Keyway is building a third addition to its Bountiful plant which they expect will increase production capacity. Convention Revenues Total $32.9 Million 1 $327 can't afford not to. "Weve had a fantastic last 74 ELECTRONICS SO 1 30 CAST MOITN SAIT LAKE, UTAH I40S4 - STATE ttCISTIATION 31f Convention delegates spent $32.9 million in Salt Lake City in 1975, according to calcula- tions of the Salt Lake Valley Convention and Visitor Bur- eau. Expenditures by the delegates translate into about $1.6 million in sales tax and $311,347 in transient room tax. Transient room tax (2 Vi percent on hotel accomodations) helps support promotion of convention facilities in Salt Lake County.