Toronto-based Broadgrain Commodities Inc. is expanding its presence in Western Canada with a proposed bulk grain handling facility and bean-processing plant on the northwest side of Winnipeg.
The company has unveiled plans to invest up to $25 million at a 29 acre site inside the CentrePort Rail Park.
“As we started looking at potential green field sites to continue expanding our footprint in the west, we were impressed by the value proposition at CentrePort and the potential for our project to become an anchor development in the new rail park,” said Zaid Qadoumi, BroadGrain’s president and CEO, on Thursday.
The plans include terminal storage, trans-loading and processing capacity, as well as the ability to load 150-car unit trains with wheat, canola, soybeans, corn and specialty crops.
CentrePort is spending $2.4 million to build the lead tracks and switches off the Canadian Pacific Railway mainline (CP Rail Carberry Subdivision), which will connect to BroadGrain’s dedicated tracks.
“BroadGrain’s project is an ideal anchor for our new rail park,” said Diane Gray, president and CEO of of the inland port. “They are in need of high-volume rail services in order to move the highest quality of products, which ultimately is the objective of our first phase of development. We are thrilled to be working with a successful, global agribusiness corporation like BroadGrain.”
Broadgrain has also opened a trading office in Winnipeg as of the new year. The company has elevators in Seaforth and Brinston, Ontario, as well as a processing facility in Dafoe, Saskatchewan (purchased from Lakeside Global Grains in 2011). International offices are located in Jordan, China, Ukraine, France, Nigeria and UAE.