Moose Jaw Co-op ranks 66th in top 100 Sask. com­pa­nies

Moose Jaw Express.com - - Classifeds -

Co-op con­tin­ues to be an im­por­tant driver of Saskatchewan’s econ­omy and is mak­ing siz­able in­vest­ments to sup­port the prov­ince’s fu­ture growth. Twenty-one lo­cal Co-ops are in­cluded in SaskBusi­ness Mag­a­zine’s 2018 rank­ing of the Top 100 com­pa­nies in Saskatchewan. They’re joined by Saska­toon-based Fed­er­ated Co-op­er­a­tives Lim­ited (FCL), which placed se­cond in the rank­ings. Moose Jaw’s Co-op­er­a­tive As­so­ci­a­tion Ltd. Ranks 66th on the list.

Com­bined, FCL and these re­tail co-ops had sales of al­most $12.4 bil­lion in 2017. That in­cludes $9.8 bil­lion in rev­enue — with $575 mil­lion in net earn­ings — recorded by FCL.

“Co-op is a di­verse and re­silient net­work of lo­cally owned or­ga­ni­za­tions that con­tinue to an­swer chal­lenges, cre­ate op­por­tu­ni­ties and de­liver im­por­tant goods and ser­vices, just as they have done for gen­er­a­tions,” said FCL CEO Scott Banda.

“This suc­cess is the prod­uct of strong re­la­tion­ships with Co-op mem­bers and cus­tomers, the com­mit­ment of em­ploy­ees to their com­mu­ni­ties and the sig­nif­i­cant in­vest­ments lo­cal re­tail co-ops are mak­ing to po­si­tion them­selves for the fu­ture — mean­ing­ful ac­tiv­i­ties that will gen­er­ate long-term ben­e­fits in Saskatchewan and through­out all of West­ern Canada.”

There are 99 lo­cal Co-ops in Saskatchewan op­er­at­ing hun­dreds of food stores, home cen­tres, gas bars, com­mer­cial card­lock fa­cil­i­ties, agro cen­tres and liquor out­lets. This net­work is sup­ported by the whole­sale, man­u­fac­tur­ing, mar­ket­ing and ad­min­is­tra­tive op­er­a­tions of FCL, which in­cludes the Co-op Re­fin­ery Com­plex in Regina.

To­gether, FCL and these re­tail co-ops em­ploy close to 10,000 peo­ple in Saskatchewan. In the last five years, they have made the fol­low­ing in­vest­ments that have ben­e­fited com­mu­ni­ties of all sizes: $395 mil­lion re­turned to Co-op mem­bers and cus­tomers in Saskatchewan in the form of pa­tron­age div­i­dends.

$467 mil­lion in­vested by lo­cal Co-ops in new, up­graded or ex­panded fa­cil­i­ties in Saskatchewan. $3.5 bil­lion in­vested in cap­i­tal projects across West­ern Canada by FCL, in­clud­ing fer­til­izer ter­mi­nals, petroleum man­u­fac­tur­ing and dis­tri­bu­tion sys­tems and up­grades to the Co-op Re­fin­ery Com­plex in Regina.

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