Viterra to invest $20 million to upgrade grain terminals
REGINA, SASK. — Viterra Inc. said it is investing about $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, Viterra said.
“This significant reinvestment in our grain handling network demonstrates our ongoing commitment to operational excellence and leadership in our industry,” said Kyle Jeworski, president and chief executive officer of Viterra North America. “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.”
Viterra said storage capacity will increase threefold at White Star and double at Humboldt. Meanwhile, rail capacity will expand at White Star, and further rail capacity expansions will occur at Viterra’s Humboldt, Waldron and Ituna facilities to 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,” Mr. Jeworski said. “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.