Viterra Inc.
TSX : VT
ASX : VTA

Viterra Inc.
Montreal Port Authority

July 04, 2011 16:09 ET

Viterra Assumes Full Operation of the Montreal Port Authority's Grain Terminal

CALGARY, ALBERTA and MONTREAL, QUEBEC--(Marketwire - July 4, 2011) - Viterra Inc. (TSX:VT) (ASX:VTA) and the Montreal Port Authority ("MPA") today announced that Viterra has commenced operation of the Grain Terminal previously managed by the MPA. This follows the April 21, 2011 announcement by Viterra and the MPA of a definitive lease agreement.

The grain terminal is licensed as a transfer elevator by the Canadian Grain Commission and has a storage capacity of 262,000 metric tonnes.The terminal's location enables it to operate year round. Serviced by a port railway, it has direct access to both CN and CP rail networks. It also provides direct shipping routes to various destinations in Canada, the US and Europe.

The agreement was signed following a selection process led by the MPA, and successful due diligence conducted by Viterra. On May 2, 2011, Viterra further strengthened its presence in Eastern Canada by opening a new merchandising office in Montreal that will source and market food ingredients to key destination markets in Canada, the US and Europe, while complementing terminal operations by facilitating the efficient movement of grains and oilseeds through its value-added pipeline.

About Viterra

Viterra provides premium quality ingredients to leading global food manufacturers. Headquartered in Canada, the global agri-business has extensive operations across Canada, the United States, Australia, and New Zealand. Our growing international presence also extends to offices in Japan, Singapore, China, Switzerland, Italy, Ukraine, Germany and India. Driven by an entrepreneurial spirit, we operate in three distinct businesses: grain handling and marketing, agri-products, and processing. Viterra's expertise, close relationships with producers, and superior logistical assets allow the Company to consistently meet the needs of the most discerning end-use customers, helping to fulfill the nutritional needs of people around the world.

About the Port of Montreal

Operated by the MPA, the Port of Montreal is a major diversified transshipment centre that handles all types of goods – containerized and non-containerized cargo, liquid bulk and dry bulk. It is a leading container port served by six of the ten largest container-shipping lines in the world. 1,331,351 TEUs (twenty-foot equivalent units) were handled at the Port of Montreal in 2010, representing 12,033,434 tonnes of cargo.

The Port also handled 8,151,136 tonnes of liquid bulk, 3,204,076 tonnes of dry bulk, and 2,380,863 tonnes of grain in 2010.

The Port of Montreal has its own rail network directly dockside. It is connected to the two national rail networks and a highway system. The Port operates a passenger terminal that welcomed 48,180 passengers and crew members in 2010. All the other terminals are run by private stevedoring firms. Port activity supports 18,200 jobs and generates $1.5 billion in economic spin-offs annually. For more information about the Port of Montreal, visit the authority's website at www.port-montreal.com.

Contact Information

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