Viterra Invests More Than $20m to Upgrade Saskatchewan Elevators - Canada
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null Viterra Invests More Than $20m to Upgrade Saskatchewan Elevators
REGINA, SASKATCHEWAN--(Marketwired - May 15, 2013) - Viterra Inc. (Viterra), Canada's leading grain handler, is pleased to announce that it is investing more than $20 million to upgrade four of its Saskatchewan grain terminals at White Star, Humboldt, Waldron and Ituna. The capital upgrades will result in increased rail capacity at the elevators, with White Star and Humboldt also having significant storage capacity added.
Kyle Jeworski, Viterra's President and CEO for North America said, "This significant reinvestment in our grain handling network demonstrates our ongoing commitment to operational excellence and leadership in our industry. By improving our rail and storage capacities in targeted areas, we are creating further value for our farm customers at the local level, as well as our suppliers and end use customers across North America and beyond.
Storage capacity will increase threefold at White Star and double at Humboldt. Rail capacity will expand at White Star, which is situated on the Carlton Trail Railway, a shortline railway that runs from Prince Albert to Saskatoon. Further rail capacity expansions at Viterra's Humboldt, Waldron and Ituna facilities, which are situated on CN operated rail lines, will also ensure a more efficient service provider for the farming communities in those areas.
"Viterra has a strong history of maintaining high quality assets in the communities in which it operates. This project is the latest in a series of improvements designed to increase our level of service and, combined with the knowledge and expertise of our grain marketing specialists, further strengthen our partnership with local producers."
The facility upgrades are consistent with Glencore's commitments to increase Viterra's projected capital expenditures in Canada.
Headquartered in Regina, Saskatchewan, Viterra is the leading grain and oilseeds marketer and handler in Canada, and throughout North America where we operate. Viterra buys, markets and handles western Canadian grain, partnering with growers to help them market and deliver their grains in more ways and to more markets, than any other company in the industry. Viterra has industry-leading marketing, facilities and logistics capabilities, as well as handling, processing, distribution, transportation and storage assets. Viterra is part of the Agricultural Business Segment of Glencore Xstrata. Glencore Xstrata is a producer and marketer of more than 90 commodities, supported by a global network of 90 offices in 50 countries, and employing approximately 190,000 people worldwide.
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