ST. LOUIS, Sept. 19, 2011 /PRNewswire/ -- Bunge North America, the North American
operating arm of Bunge Limited (NYSE: BG), announced that it plans
to increase the capacity at a second of its four canola processing
plants in Western Canada, the
facility in Ft. Saskatchewan,
Alberta. In October 2010, Bunge announced another project
that will more than double crushing capacity at the facility in
Altona, Manitoba, as part of a
multiyear expansion program in Canada.
"Expanding and upgrading our capacity in Canada is a natural way to grow Bunge's North
American business as domestic and export demand for both canola oil
and meal continues to increase," said Soren
Schroder, president and CEO of Bunge
North America. "By increasing capacity in Ft.
Saskatchewan, we also improve
operational efficiency so that we can better serve all our
customers in the value chain, from farmers to food and feed
manufacturers."
The proposed project would more than double Ft. Saskatchewan's current capacity of 850 metric
tons a day.
"Farmers around Ft. Saskatchewan are responding to increased
demand for canola by planting more acres. Yields are also improving
thanks to technology, making this region a logical place to
expand," said Rick Watson, Bunge's
country manager in Canada.
"While most of the oil and meal that will be produced from
the expansion in Altona will
remain in North America, the
additional product from Ft. Saskatchewan will go to both North American
and offshore markets."
In addition to Ft. Saskatchewan
and Altona, Bunge has processing
plants in Nipawin, Sask.;
Hamilton, Ont.; and Harrowby,
Man.
Pending all necessary approvals, the expansion is expected to go
on line in 2014.
About Bunge North
America
Bunge North America
(www.bungenorthamerica.com), the North American operating arm of
Bunge Limited (NYSE: BG), is a vertically integrated food and feed
ingredient company, supplying raw and processed agricultural
commodities and specialized food ingredients to a wide range of
customers in the livestock, poultry, food processor, foodservice
and bakery industries. With headquarters in St. Louis, Missouri, Bunge North America and its subsidiaries operate
grain elevators, oilseed processing plants, edible oil refineries
and packaging facilities, and corn dry mills in the U.S.,
Canada and Mexico.
About Bunge Limited
Bunge Limited (www.bunge.com, NYSE: BG) is a leading global
agribusiness and food company with approximately 32,000 employees
in more than 30 countries. Bunge buys, sells, stores and
transports oilseeds and grains to serve customers worldwide;
processes oilseeds to make protein meal for animal feed and edible
oil products for commercial customers and consumers; produces sugar
and ethanol from sugarcane; mills wheat and corn to make
ingredients used by food companies; and sells fertilizer in North
and South America. Founded
in 1818, the company is headquartered in White Plains, New York.
Cautionary Statement Concerning Forward-Looking
Statements
This press release contains both historical and
forward-looking statements. All statements, other than
statements of historical fact are, or may be deemed to be,
forward-looking statements within the meaning of Section 27A
of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended. These
forward-looking statements are not based on historical facts, but
rather reflect our current expectations and projections about our
future results, performance, prospects and opportunities. We
have tried to identify these forward-looking statements by using
words including "may," "will," "should," "could," "expect,"
"anticipate," "believe," "plan," "intend," "estimate," "continue"
and similar expressions. These forward-looking statements are
subject to a number of risks, uncertainties and other factors that
could cause our actual results, performance, prospects or
opportunities to differ materially from those expressed in, or
implied by, these forward-looking statements. These factors
include, among others, industry conditions, including fluctuations
in supply, demand and prices for agricultural commodities and other
raw materials and products used in our business, fluctuations in
energy and freight costs and competitive developments in our
industries; the effects of weather conditions and the outbreak of
crop and animal disease on our business; global and regional
agricultural, economic, financial and commodities market,
political, social and health conditions; the outcome of pending
regulatory and legal proceedings; our ability to complete,
integrate and benefit from acquisitions, dispositions, joint
ventures and strategic alliances; changes in government policies,
laws and regulations affecting our business, including agricultural
and trade policies, tax regulations and biofuels legislation; and
other factors affecting our business generally. The
forward-looking statements included in this release are made only
as of the date of this release, and except as otherwise required by
federal securities law, we do not have any obligation to publicly
update or revise any forward-looking statements to reflect
subsequent events or circumstances.
SOURCE Bunge North America