Tag: Viterra

Viterra Acquires Gavilon Elevator in Grand Forks, ND

Viterra is expanding its grain handling network into the U.S. The Regina-based subsidiary of Glencore has acquired a 140,000 metric tonne grain handling facility from Gavilon Grain in Grand Forks, North Dakota — 125km south of the Canada-U.S. border down I-29. “We’re pleased to add this facility to our asset network, and to continue building our… Read more »

India’s Reliance on Canadian Pulses, NAFTA Uncertainty, & New Elevator Construction: Viterra CEO Kyle Jeworski

The CEO of one of Canada’s largest grain companies is “very optimistic” a timely resolution will be reached to maintain Canadian pulse crop shipments to India. A looming change to India’s phytosanitary policy for pulse imports effective April 1 has left sales to Canada’s largest pulse export market in limbo over the last few weeks. “Canada realizes… Read more »

Viterra, GrainsConnect Elevators to be Built Near Vegreville, AB

Both Viterra and GrainsConnect have announced plans over the last two weeks to build new high throughput grain elevators in the Vegreville, Alberta area. Viterra confirmed yesterday that it has received all necessary regulatory approvals, with construction expected to begin this spring. “We have a long and successful history in this area of Alberta, so… Read more »

More Customers Searching For Oats Grown Without Glyphosate

Food companies and millers are knocking on grain buyers’ doors looking for oats that have been grown without an application of glyphosate. Demand for “glyphosate free” oats has ramped up over the last few months, says Kenric Exner, merchandising manager with Viterra. “We’re starting to see more end-users in the U.S. ask if it’s possible…. Read more »

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 »