Richardson International Limited

Richardson International Limited

October 26, 2009 10:53 ET

Richardson Wins 2009 ABEX Award

For Investment in Saskatchewan's Economic Growth

Attention: Agriculture Editor, Business/Financial Editor, City Editor, Media Editor, News Editor WINNIPEG, MANITOBA, MEDIA ADVISORY--(Marketwire - Oct. 26, 2009) - Richardson International Limited ("Richardson") was awarded the 2009 Achievement for Business Excellence (ABEX) Award for Investment at a gala ceremony hosted over the weekend by the Saskatchewan Chamber of Commerce.

Canada's largest private agribusiness, Richardson was recognized for demonstrating exceptional capital investments in Saskatchewan. In 2009, the company will invest $125 million in the construction of its $165-million canola processing plant near Yorkton. The project, slated for completion in the first quarter of 2010, has already offered an economic boost to the surrounding community through the hiring of local skilled trades workers to assist with construction. In the long term, Richardson will create 65 new technical and professional jobs at the state-of-the-art plant.

In addition to the Yorkton plant, Richardson owns and operates a network of 30 grain-handling and crop input facilities across the province. The company has recently invested $4 million to upgrade and expand several of these locations, enabling greater efficiency of all shipping and receiving operations.

"Richardson has had an established presence in Saskatchewan for over a century, and we believe that the significant investments we have recently made accurately reflect the highly-valued role that the province has had and will continue to have in our company's success," says Richardson International President Curt Vossen.

"Greater than 50 per cent of our total grain volume, our sales and our employee workforce continue to come from Saskatchewan," Vossen says. "We are pleased to strengthen this connection and fortify our commitment to the future of the agriculture industry by creating new capital projects, investing in our existing facilities and by embracing opportunities to give back to the communities which support our growth."

The ABEX Awards were established in 1984 by the Saskatchewan Chamber of Commerce to honour outstanding achievements in business excellence in the private sector. The ABEX Awards highlight pivotal business elements of provincial prosperity and are the only business awards to honour all private sector enterprises in Saskatchewan regardless of size and economic activity. Further information on the awards is available at www.saskchamber.com.

About Richardson International Limited
Richardson International Limited, a subsidiary of James Richardson & Sons, Limited, is Canada's largest privately-owned agribusiness. The company handles all major grains, oilseeds and special crops, and sells crop inputs and related services through farm service centres throughout Canada. Richardson, which employs 1,400 people, is also actively involved in food processing as North America's largest supplier of supplier of high-quality canola oil and canola meal.
/For further information: www.richardson.ca/ IN: AGRICULTURE, ECONOMY, FINANCE, INTERNATIONAL, LABOUR

Contact Information

  • Jean-Marc Ruest, Vice-President, Corporate Affairs and General Counsel, Richardson International Limited
    Primary Phone: 204-934-5488
    E-mail: jean-marc.ruest@richardson.ca