Viterra Inc.

Viterra Inc.

April 10, 2014 11:44 ET

Viterra Implementing Significant Operational Upgrades at Pacific Terminal at Port Metro Vancouver

REGINA, SASKATCHEWAN--(Marketwired - April 10, 2014) - Viterra Inc. ("Viterra"), Canada's grain industry leader, is pleased to announce that it is executing on a transformative series of operational improvements and upgrades at its Pacific Terminal at Port Metro Vancouver. The project is aimed at modernizing the terminal with enhancements that will increase shipping throughput and capacity, as well as improve current handling and processing procedures. The total overall investment is expected to exceed $100 million.

Kyle Jeworski, Viterra's President and CEO for North America said, "Our goal is to create the most efficient port terminal in Canada with unprecedented capability for processing a diverse range of commodities. This is a significant investment spanning several projects, that when completed, will enhance our strategic position on the west coast, and our ability to continue meeting the needs of our destination customers globally."

Some of these projects include the installation of new bulk weighers, upgrades to shipping conveyors and rotary cleaners, and improved electrical and dust control systems. The most significant project planned is the installation of a new ship loader system, which is expected to significantly increase shipping capacity and allow for the loading of "post-Panamax" vessels. It is anticipated that all of these initiatives will be completed by 2016 and result in a rated capacity up to 6 million metric tonnes annually.

"Demand for trade to and from Canada is increasing, and it is essential that Port Metro Vancouver, and terminals within the port, respond with sustainable and well-managed growth," said Robin Silvester, President and Chief Executive Officer at Port Metro Vancouver, "Viterra's operational upgrades are an excellent example of increasing capacity and efficiency within their existing footprint."

Located on the south shore of the Burrard Inlet, Viterra's Pacific Terminal processes and ships a wide variety of agricultural commodities, including peas, canola, flax, lentils, soybeans and corn.

Viterra is dedicated to operational excellence in Western Canada's grain handling system. Over the last several years, the company has proactively made a series of infrastructure investments in its asset network to promote the efficient movement of agricultural commodities.

About Viterra

Viterra is Canada's grain industry leader, supported by the expertise of its people, a superior network of assets, and unrivalled connections to world markets. Headquartered in Regina, Saskatchewan, our commitment to agriculture goes back nearly 100 years, partnering with farmers to market and move their crops to areas of need around the world. Our continued focus on operational excellence throughout North America allows us to efficiently handle, process, distribute and transport grains and oilseeds. We provide further value to our partners through a wide variety of contracting and risk management tools to help them realize the full potential of their crops. For more information on Viterra in North America, please visit www.viterra.com. Viterra is part of the Agricultural Business Segment of Glencore.

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