Viterra Invests More Than $20m to Upgrade Saskatchewan Elevators
REGINA, SASKATCHEWAN -- (Marketwired) -- 05/15/13 -- Viterra Inc.
(Viterra), Canada's leading grain handler, is pleased to announce
that it is investing more than $20 million to upgrade four of its
Saskatchewan grain terminals at White Star, Humboldt, Waldron and
Ituna. The capital upgrades will result in increased rail capacity at
the elevators, with White Star and Humboldt also having significant
storage capacity added.
Kyle Jeworski, Viterra's President and CEO for North America said,
"This significant reinvestment in our grain handling network
demonstrates our ongoing commitment to operational excellence and
leadership in our industry. By improving our rail and storage
capacities in targeted areas, we are creating further value for our
farm customers at the local level, as well as our suppliers and end
use customers across North America and beyond.
Storage capacity will increase threefold at White Star and double at
Humboldt. Rail capacity will expand at White Star, which is situated
on the Carlton Trail Railway, a shortline railway that runs from
Prince Albert to Saskatoon. Further rail capacity expansions at
Viterra's Humboldt, Waldron and Ituna facilities, which are situated
on CN operated rail lines, will also ensure a more efficient service
provider for the farming communities in those areas.
"Viterra has a strong history of maintaining high quality assets in
the communities in which it operates. This project is the latest in a
series of improvements designed to increase our level of service and,
combined with the knowledge and expertise of our grain marketing
specialists, further strengthen our partnership with local
The facility upgrades are consistent with Glencore's commitments to
increase Viterra's projected capital expenditures in Canada.
Headquartered in Regina, Saskatchewan, Viterra is the leading grain
and oilseeds marketer and handler in Canada, and throughout North
America where we operate. Viterra buys, markets and handles western
Canadian grain, partnering with growers to help them market and
deliver their grains in more ways and to more markets, than any other
company in the industry. Viterra has industry-leading marketing,
facilities and logistics capabilities, as well as handling,
processing, distribution, transportation and storage assets. Viterra
is part of the Agricultural Business Segment of Glencore Xstrata.
Glencore Xstrata is a producer and marketer of more than 90
commodities, supported by a global network of 90 offices in 50
countries, and employing approximately 190,000 people worldwide.
+1 403 817-1088
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