Viterra Inc. (“Viterra”) (TSX:VT), (ASX:VTA) is pleased to announce the official opening of its new high throughput terminal near Sexsmith, Alberta, approximately 18 kilometres north of Grande Prairie.
Viterra customers, employees and local government officials were at Sexsmith today to commemorate the opening of the facility, which offers 30,000 tonnes of grain storage and 104 railcar loading capacity.
In his remarks to the audience Mayo Schmidt, President and CEO of Viterra said, “Our $22 million investment in this state-of-the-art terminal underscores our confidence that the Peace River Region will continue to play a significant role in Canadian and global agriculture for years to come. We are proud of this facility and of what it will mean to farmers, suppliers and customers.”
Schmidt added that the project illustrates Viterra’s commitment to driving excellence in Canada’s supply chain.
The company is also building a full service retail centre on the site, which will offer a host of products and services to area customers, including proprietary seed, fertilizer, crop protection products, equipment, financing and agronomic advice. Construction is underway and expected to be completed by the spring of 2011.
About Viterra
Viterra Inc. provides premium quality ingredients to leading global food manufacturers. Headquartered in Canada, the global agribusiness has extensive operations across Western Canada, the United States, Australia, and New Zealand, with Adelaide, Australia as the base for Viterra’s Southeast Asian operations. Our growing international presence also extends to offices in Japan, Singapore, China, Switzerland and Italy. Driven by an entrepreneurial spirit, we operate in three distinct businesses: grain handling and marketing, agri-products, and value-added processing. Our 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
http://www.viterra.ca/
