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
Tag: Viterra
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
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
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
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
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 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
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 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 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 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 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
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
What’s tall and showy and a new silage option for Alberta ranchers? Sorghum Sudan grass! The crop is a warm season, fast growing, high nitrogen user that, as silage, is capturing the attention of silage users in Alberta, now that varieties are coming along to better fit the growing area. As Vern Turchyn, of Viterra,… Read More
Elevators and ag-retail sites in several prairie towns will see new colours flying soon. As of today Richardson International Limited will take over certain of Viterra’s elevators, ag-retail sites, oat milling properties and Viterra’s share of 21st Century Grain Processing in the United States, plus a terminal at Thunder Bay, Ontario. Viterra released this… Read More