Viterra Inc.

Viterra Inc.

July 24, 2009 15:21 ET

Viterra Continues Optimizing Operational Footprint

REGINA, SASKATCHEWAN--(Marketwire - July 24, 2009) - Viterra Inc. (TSX:VT) is pleased to announce it has acquired a grain elevator from Richardson International Limited in Foam Lake, Saskatchewan and will expand rail car capacity to the Company's grain terminal in Carnduff, Saskatchewan.

The upgrade at Carnduff involves the expansion of its railcar capacity to 112 cars from 56 and 7,000 metric tonnes of storage capacity will be added, for a total of 33,000 metric tonnes. Construction is expected to begin this fall and slated for completion in fall 2010.

Viterra's transaction to acquire the grain elevator closed today. Along with Viterra's existing facility in the area, the acquisition increases total storage capacity to more than 14,000 metric tonnes and will allow the Company to load up to 56 rail cars.

"These infrastructure investments are the latest in a series of improvements aimed at increasing our level of customer service and driving further efficiencies in our grain handling system," said Bob Miller, Senior Vice-President, Grain, North America. "By creating additional storage and railcar capacity, we generate value for all industry participants, including our producers, end users and suppliers."

Last year, Viterra completed similar railcar capacity improvements at its high throughput elevators at Grenfell, Saskatchewan and Grassy Lake, Alberta. Additionally, the Company began construction last fall of a new terminal at Sexsmith, Alberta in the Peace River region and is expanding railcar capacity at its elevator in Provost, Alberta.

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.
    Susan Cline
    Investor Relations and Corporate Affairs
    (306) 569-6948