October 23rd, 2015
Agrocorp International announces the official purchase of Central Alberta Transloading Terminal
INNISFAIL, AB – Agrocorp International is excited to announce the official purchase and ownership of Central Alberta Transloading Terminal. Since entering into a purchase agreement 2 years ago, Agrocorp has seen exceptional uptake from local growers, providing fast growth in the newly developed export business. The business is further supported by the continuance of both the existing transload and domestic feed distribution operations, areas which Agrocorp will continue to expand.
Located in Central Alberta on a main CP Rail line, the Innisfail plant handles grains, pulses, and oilseeds. The plant has a storage capacity of 4,000 MT and a handling capacity of 80,000 MT per annum. Colin Topham, Managing Director of Agrocorp says, “We are very excited to have this business now fully under the Agrocorp banner as we continue to grow our asset base in Canada” Under new Agrocorp ownership, the plant will assume the name of Agrocorp Processing. “We are currently in the research and design phase of expansion for this facility with more news to follow”.
Agrocorp International is a wholly owned subsidiary of Agrocorp International Pte. Ltd., a multinational agricultural trading company based out of Singapore. It is one of the largest pulse trading houses in the world, specialized in exporting, trading, and processing a diverse array of agricultural commodities. Agrocorp handles about 4 million metric tons of product each year and has an annual turnover of $2 billion USD.
To learn more about Agrocorp and to contact the plant, email firstname.lastname@example.org and visit the website: www.agrocorp.ca.