Winnipeg Free Press - ONLINE EDITION
Richardson International Limited is investing $40 million in increased grain storage, high-speed fertilizer blenders, a fertilizer distribution centre and the creation of four new crop input locations.
Some of this new capital investment will enhance assets Richardson recently acquired in the $800 million-plus purchase of 19 grain elevators, 13 crop input centres, an export terminal in Thunder Bay and oat and wheat milling businesses from Viterra.
New crop input centres will be built at four former Viterra terminals that did not formerly have them ? South Lakes (Stony Mountain) and Red River South (Letellier), Man., Kindersley, Sask., and Lacombe, Alta.
Each will receive high speed blenders, fertilizer storage and a 6,000-square-foot chemical and seed warehouse.
Richardson is also building a 35,000-tonne fertilizer distribution centre at Carlton Crossing (Saskatoon), Sask. and adding six high-speed fertilizer blenders at its Richardson Pioneer locations in Oyen and Magrath, Alta., Kamsack, Saskatoon and Shellbrook, Sask. and Shoal Lake, Man.
As well, in 2013 Richardson plans to add 14,000 metric tonnes of storage capacity to each of its elevators in Carseland, Alta., Crooked River, Sask. and Shoal Lake, Man., increasing capacity at these facilities between 54 and 68 per cent.
This is all in addition to a number of other major capital projects Richardson already has under way. In April the company announced it is investing $120 million to expand its grain terminal in Vancouver and it is in the process of increasing capacity at its canola processing facility in Yorkton by 25 per cent and also plans to expand its canola processing facility in Lethbridge.
Source: http://www.winnipegfreepress.com/local/Richardson-investing-40M-in-agri-business-210872101.html
Selena Gomez ariel winter Paige Butcher David Petraeus Petraeus Mia Love wall street journal
No comments:
Post a Comment