International markets provide the challenge; Letts has built Continuous Mining Systems from the ground up.Dale Letts is devoted to the challenge of expanding export markets for Canadian mining equipment. It was because of this devotion that Inco Ltd. offered Letts the opportunity to start Continuous Mining Systems Ltd. (CMS (1) See content management system and color management system. (2) (Conversational Monitor System) Software that provides interactive communications for IBM's VM operating system. ) in 1984. It is also one reason why Letts has been named Executive of Year. Our judges selected Letts to receive the award, sponsored by Air Ontario Air Ontario Inc. was an airline based in Canada and now part of Air Canada Jazz. Former Code Data
Air Ontario Inc. , because the executive has global vision and a proven track record of making money, creating jobs and maintaining good employee relations. Since Letts launched Continuous Mining Systems in October 1984, the firm has grown from a one-man operation to a $40-million manufacturing firm with an international reputation. The Sudbury company's sales have increased by 35 per cent each year. In addition, Continuous Mining Systems acquired LHD LHD abbr. Latin Litterarum Humaniorum Doctor (Doctor of Humanities; Doctor of Humane Letters) Equipment of North Bay in 1989 and John Clark John Clark is the name of:
JCI Johnson Controls, Inc. JCI Junior Chamber International JCI Joint Commission International JCI Japan Concrete Institute JCI Journal of Communication Inquiry JCI Johannesburg Consolidated Investment Company Limited ) of Denver, Colorado in 1990. LHD Equipment employs 70 people and manufactures hydraulic cylinders Hydraulic cylinders (also called linear hydraulic motors) are mechanical actuators that are used to give a linear force through a linear stroke. Operation Hydraulic cylinders get their power from pressurized hydraulic fluid, which is typically oil. and components for sales in North and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. . JCI manufactures mining scoop trams and trucks for use in underground mining operations in the USA, Canada, Mexico, Peru and Australia. In all, Continuous Mining Systems and its two subsidiaries employ about 300 people in Sudbury, North Bay and Denver. Letts, a native of North Bay, began his career with Jarvis-Clark, a prominent Canadian heavy-equipment manufacturer. Letts spent 13 years with Jarvis Clark, including five as vice-president, before moving to Sudbury to help start the Ontario Centre of Resource Machinery Technology. It was in this position that he became involved in the CMS venture. In the early stages of the business, Letts concentrated on product design and domestic sales, but with the success of the company he has been able to turn most of his attention to international sales. "I think that is what I enjoy the most, seeing an industry built in Northern Ontario Northern Ontario is the part of the province of Ontario which lies north of Lake Huron (including Georgian Bay), the French River and Lake Nipissing. Northern Ontario has a land area of 802,000 km² (310,000 mi²) and constitutes 87% of the land area of Ontario, although it and watching it expand across the world," he says. "A Canadian company competing with the entire world is very satisfying to watch." CMS has made sales to clients in such countries as the U.S., India, Chile, Peru, Sweden, Australia and China. It is presently negotiating with other mining companies in other Pacific-rim countries. A new CMS subsidiary company, CMS Pacific Ltd., has recently been added in Australia. It has branches in Brisbane, Perth, Kalgoorlie, Sydney and Melbourne. Letts hopes that companies such as this one will help convert Canada from an importer of mining equipment and technology to a domestic supplier and exporter of mining equipment. Letts says the challenge of building a company from the ground up and turning it into a commercially successful venture is attracting the right people. He believes it is essential to hire qualified personnel and then provide them with the responsibility, the authority and the tools necessary to work efficiently. "You need people that can work as an actual team. I think that has been my strength - finding, attracting and holding the interest of good people." Letts's ability to delegate A person who is appointed, authorized, delegated, or commissioned to act in the place of another. Transfer of authority from one to another. A person to whom affairs are committed by another. A person elected or appointed to be a member of a representative assembly. authority, combined with his knowledge of the business, is largely responsible for the rapid growth of Continuous Mining Systems. Letts is chairman of the mining equipment section of the Machinery and Equipment Manufacturing Association of Canada, as well as a member of both the Canadian Mining Equipment and Services for Export Association and the Canadian Institute of Mining Metallurgy metallurgy (mĕt`əlûr'jē), science and technology of metals and their alloys. Modern metallurgical research is concerned with the preparation of radioactive metals, with obtaining metals economically from low-grade ores, with . |
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