Tag: Viterra

Viterra Completes $100 Million Upgrade at Vancouver

Viterra held a “grand reopening” of its Pacific Terminal at the Port of Vancouver on Thursday, marking the completion of more than $100 million in upgrades to the facility. The enhancements will triple the terminal’s handling capacity, giving it the ability to handle over 6 million metric tonnes annually, according to the Regina-based grain company… Read more »

Viterra Building New Elevator in East Central Sask.

The wave of grain companies investing in new elevators in Western Canada rolls on… Viterra announced Wednesday that construction is beginning this fall on a new high-throughput terminal at Wadena, Saskatchewan. The facility will have 34,000 metric tonnes of storage capacity and a loop track for loading up to 156 railcars. “We’ve worked closely with… Read more »

Glencore Sells Nearly 10 Percent Stake in Ag Business to BC Public Investment Fund

Glencore has announced a deal to sell an additional 9.99 percent stake in its agriculture business, which include Regina-based grain company Viterra, to the British Columbia Investment Management Corporation (BCIMC). The transaction is worth US$624.9 million and comes on the heels of Glencore’s agreement to sell a 40 percent stake in its ag business to… Read more »

Viterra Opening New Elevators

Viterra held a grand opening for its new grain terminal near Grimshaw, in the Peace River region in northwest Alberta on Wednesday. The facility features 30,000 tonnes of grain storage and 104 railcar loading capacity. It is the company’s second new build in the region in recent years, following construction of a new terminal at… Read more »

CPP Buys Stake in Viterra — What Does This Deal Mean?

The Canada Pension Plan Investment Board was the winning bidder as Switzerland-based commodities giant Glencore sought to sell a chunk of its agricultural assets, including grain company Viterra. The CPPIB and Glencore announced last week they have reached a deal that will see the CPPIB pay $2.5 billion for a 40 percent stake in Glencore’s ag… Read more »

CPP Investment Board Buys 40 Percent Stake in Glencore’s Ag Business for US$2.5 Billion

The Canadian Pension Plan Investment Board has reached a deal to buy 40 percent of Glencore’s agricultural business, which includes Viterra, for US$2.5 billion. “We are pleased to be partnering with CPPIB as we embark on the next stage of the development of Glencore Agri,” said Glencore CEO Ivan Glasenberg in a statement early Wednesday… Read more »

Barley Market Update: Increasing Acres, Variety Confusion and Craft Beer Demand

It’s another year of opportunity for barley, says the barley merchandising manager for Viterra. After declining for much of the past decade, the number of barley acres in Western Canada rose slightly in 2015 and is expected to grow again in 2016. Agriculture and Agri-Food Canada’s preliminary projection has barley acreage rising by two percent…. Read more »

Viterra Adds Canola Crush Capacity With Former Legumex Walker-Controlled Plant

Winnipeg-based special crops marketing company Legumex Walker has cleared its final hurdle in winding down operations, announcing on Tuesday it has handed over its 84 percent stake in Pacific Coast Canola and PCC’s troubled crush plant in Washington. The divestiture arrangement sees Glencore increase its ownership stake in PCC from 16 percent to 50 percent for no… Read more »

Viterra Acquiring Largest Oilseed Processing Plant in Eastern Canada

Viterra has announced its intent to acquire the largest oilseed processing plant in Eastern Canada. The Regina-based grain company has signed a purchase agreement with Twin Rivers Technologies Entreprises De Transformation De Graines Oléagineuses Du Québec Inc. (TRT-ETGO), the owner of a 1.05 million metric tonne per year canola and soybean crushing and refining facility in… Read more »

Money for School — Up to $300,000 in Scholarships Coming to SK Colleges Thanks to Viterra Contribution

Students at regional colleges across Saskatchewan will receive up to $300,000 in scholarships over the next three years thanks to a major contribution from Viterra. The grain company announced today that it’s contributing $150,000 to a new scholarship fund. Through the Saskatchewan Innovation and Opportunity Scholarship Program, colleges will be able to access up to $150,000… Read more »

Viterra To Build New Elevator In Red River Valley

Viterra has announced plans to build a new grain terminal near the company’s canola crush plant at Ste. Agathe, Manitoba. The company says it will have storage capacity of around 30 thousand metric tonnes with loading facilities for trains of up to 124 cars. The site also has access to service from both CN Rail… Read more »

Viterra Announces New High Throughput Elevator Build at Kindersley

Viterra announced today its intention to build a new high throughput grain elevator at Kindersley, Sask. The facility will have a storage capacity of 34,000 metrics tonnes and a 108 railcar spot. Kyle Jeworski, Viterra’s President and CEO for North America said in a press release, “Viterra has a long history of serving farm customers… Read more »

Viterra Supports CIGI with $1 million Investment

Viterra Inc. and Cigi (Canadian International Grains Institute) announced today that Viterra is investing $1 million to support Cigi in its ongoing efforts to promote Canadian field crops to customers in domestic and international markets. As a result of this partnership, Cigi’s main classroom with be renamed the “Viterra Knowledge Centre.” From the press release:… Read more »

Viterra Announces Purchase of Lethbridge Inland Terminal

Viterra has reached an agreement to purchase certain assets of Lethbridge Inland Terminal Ltd.  (LIT), including a high throughput grain elevator with a capacity of 42,000 metric tonnes, the company has announced. The deal is subject to certain closing conditions, including regulatory approvals and the approval by LIT shareholders; LIT’s board of directors are unanimously… Read more »

Mo Crop, Mo Problems – Western Canada Grain Markets

If  the NOTORIOUS B.I.G was a market analyst he would describe the current situation in Western Canada as, “Mo crop, mo problems” (was that a reach???).  The 2014 Western Canadian crop is very large, on farm storage is full, railways are jammed and ports are shipping as much as they can. Get More: If you… Read more »