Viterra Invests Over $20 Million to Upgrade SK Elevators
Date Posted: May 15, 2013
Regina, SK—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 producers."
The facility upgrades are consistent with Glencore's commitments to increase Viterra's projected capital expenditures in Canada.
For more information, call 403-817-1088.