Bunge Plans Expansion at Ft. Saskatchewan Canola Processing Plant
September 17 2011 - 4:16AM
PR Newswire (Canada)
ST. LOUIS, Sept. 19, 2011 /CNW/ -- Bunge North America, the North
American operating arm of Bunge Limited , 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 AmericaBunge North America (www.bungenorthamerica.com),
the North American operating arm of Bunge Limited , 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 LimitedBunge Limited 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. Bunge North America CONTACT: Public Affairs,
+1-314-292-2000, or Fax, +1-314-292-2521 WebSite:
http://www.bungenorthamerica.com
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