Viterra Inc.

Viterra Inc.

November 05, 2013 09:45 ET

Viterra Investing Over $34m in Alberta Grain Handling Network

REGINA, SASKATCHEWAN--(Marketwired - Nov. 5, 2013) - Viterra, Canada's grain industry leader, is pleased to announce it intends to invest over $34 million into its Alberta elevator network through two upcoming projects.

The first is the construction of a new high throughput grain terminal near Grimshaw, Alberta. The concrete facility will be developed with a 104 railcar loading capability and approximately 30,000 tonnes of grain storage. Preliminary site work is planned to start this fall.

The construction of this facility will be the second recent new grain terminal built by Viterra in northwest Alberta. In 2010, Viterra opened its state of the art elevator in Sexsmith, Alberta.

The second project involves the expansion of Viterra's grain terminal in Grassy Lake, Alberta. Storage capacity will increase by 14,000 tonnes to 36,500 tonnes, along with operational improvements to increase logistical flexibility and efficiency.

Kyle Jeworski, Viterra's President and CEO for North America said, "By strengthening our significant presence in Alberta, we are delivering on our commitment to provide our customers with superior service backed by industry leading assets. Our reinvestment in these targeted areas will accommodate increased farmer deliveries and facilitate higher and more efficient throughput."

This is the latest in a series of infrastructure improvements by Viterra. In May, the company announced that it is investing more than $20 million to upgrade four of its Saskatchewan grain terminals at White Star, Humboldt, Waldron and Ituna. It has also recently completed similar expansions at Gull Lake, SK and Fairlight, SK.

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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