Viterra Inc.

Viterra Inc.

July 28, 2009 15:29 ET

Viterra Celebrates Grand Opening of Canola Crush Operation

STE. AGATHE, MANITOBA--(Marketwire - July 28, 2009) - Viterra Inc. (TSX:VT) today celebrated the grand opening of its canola crush operation in Ste. Agathe, Manitoba. The company acquired the assets of Associated Proteins LP (APLP) in June.

President and CEO Mayo Schmidt was joined by Viterra officials, Ste. Agathe staff, government dignitaries, community officials and industry representatives for the official ribbon cutting ceremony held at 12:30 p.m.

"The possibilities are enormous. With the addition of our canola processing operation in Ste. Agathe, we can further leverage our value chain to meet the ever increasing demand for healthy oils. The growing preference for canola among health-conscious consumers, the applications in the bio-fuel sector and livestock feed rations area all bode very well for producers, destination customers and industry participants," said Mayo Schmidt, Viterra's President and CEO.

"Our new employees at the Ste. Agathe plant come with a successful track record. They take great pride in the operation's crush capacity and its high quality capabilities, and have expressed their excitement in being part of Viterra as we expand our national and international prominence as a food ingredients supplier and processor."

Viterra's new facility has a crush capacity of 1,000 metric tonnes per day. It is a scalable operation with future growth and expansion opportunities to service the growing markets for healthy vegetable oils that are low in trans fats and saturated fats.

Viterra Inc. is Canada's leading agribusiness, with extensive operations and distribution capabilities across Western Canada, and with operations in the United States, Japan, Singapore and Geneva. The Company is diversified into sales and services of crop inputs and equipment, grain handling and marketing, livestock feed, agri-food processing and financial products. These operations are complemented by value-added businesses and strategic alliances, which allow Viterra to leverage its pivotal position between Prairie farmers and destination customers. The Company's common shares are listed on the Toronto Stock Exchange under the symbol VT.

Contact Information

  • Viterra Inc.
    Peter Flengeris
    Investor Relations and Corporate Affairs
    (306) 569-4810