Viterra Inc.

Viterra Inc.

May 03, 2011 11:00 ET

Viterra Opens New Marketing Office in Montreal

REGINA, SASKATCHEWAN--(Marketwire - May 3, 2011) - Viterra Inc. (TSX:VT) (ASX:VTA) is pleased to announce the opening of a new merchandising office in Montreal, Quebec, further strengthening its presence in Eastern Canada.

The office, which opened May 2, 2011, will perform several strategic functions, and increase Viterra's ability to source and market food ingredients to key destination markets in Canada, the US and Europe.

"Our office in Montreal will play a central role in managing trade flows, freight activities and arbitrage opportunities, facilitating the efficient movement of grain and oilseeds through our value-added pipeline. We look forward to working with local producers and commercial suppliers as we continue building on our core strengths as a leading global supplier of quality food ingredients," said Kyle Jeworski, Viterra's Vice-President, Grain Merchandising & Transportation, North American Grain.

Today's announcement follows Viterra's definitive agreement, signed April 21, 2011, with the Montreal Port Authority (MPA) to lease and operate the MPA Grain Terminal. Viterra will assume full operation of the terminal on July 1, 2011.

The MPA Grain Terminal is a Canadian Grain Commission licensed transfer elevator which operates year round and has a storage capacity of 262,000 metric tonnes. The terminal is located in the deepest inland seaport in North America and 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.

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.

Contact Information

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