In the news release, Viterra announces intent to build grain
elevator in Dalhart, Texas, issued
26-Jun-2024 by Viterra Canada Inc.
over PR Newswire, we are advised by the company that the third,
fourth and fifth paragraphs have been updated. The complete,
corrected release follows:
Viterra announces intent to build grain elevator in Dalhart, Texas
OMAHA, Neb., June 26,
2024 /PRNewswire/ - Viterra has announced its intent
to build a grain facility in Dalhart,
TX, enabling the company to strengthen its service to
customers in West Texas. The new
facility will include a state-of-the-art grain handling system and
loop track served by Union Pacific Railroad's 32,000-mile
network.
"As local demand for grain increases, this investment will allow
us to market and move product more efficiently to customers in the
West Texas area," stated
Rayner Freyberg, CEO US &
Mexico for Viterra. "As we've
shown with our previous investments in the area, Viterra is
committed to serving its growers and customers and finding
solutions in an ever-changing landscape."
With its loop track served by the Union Pacific Railroad, the
facility in Dalhart is expected to
provide greater market access for producers and end users
throughout Viterra's supply chain.
"Union Pacific appreciates and values the relationship we have
with Viterra to provide safe and reliable service to this growing
agricultural market for years to come," said Jason Hess, Senior Vice President – Marketing
and Sales, Union Pacific Railroad. "We innovate for growth just
like this, investing more than $10
million per day in infrastructure, technology and network
expansion to provide solutions for our customers to win in the
marketplace."
Anticipated to be complete in mid-2025, Viterra expects this new
build to bring substantial benefits to Dalhart and the surrounding area, fostering
economic growth and creating employment opportunities.
About Viterra
At Viterra, we believe in the power of connection. Our
world-leading, fully integrated agriculture network connects
producers to consumers with sustainable, traceable, and
quality-controlled agricultural products. With more than 16,000
talented employees operating in 37 countries, our strategic network
of storage, processing and transport assets enable us to offer
innovative solutions and open pathways for our customers, creating
successful partnerships that last. Together, we are stronger, and
achieve more.
About Union Pacific
Union Pacific (NYSE: UNP) delivers the goods families and
businesses use every day with safe, reliable and efficient service.
Operating in 23 western states, the company connects its customers
and communities to the global economy. Trains are the most
environmentally responsible way to move freight, helping Union
Pacific protect future generations. More information about Union
Pacific is available at www.up.com.
IMPORTANT NOTICE CONCERNING THIS RELEASE INCLUDING FORWARD
LOOKING STATEMENTS
This release contains, or incorporates by reference, statements
that are, or may be deemed to be, "forward-looking statements",
which are prospective in nature. Forward-looking statements are not
based on historical facts, but rather on current predictions,
expectations, beliefs, opinions, plans, objectives, goals,
commitments, intentions and projections about future events,
results of operations, prospects, financial condition and
discussions of strategy. Forward-looking statements can be made in
writing but also may be made verbally.
By their nature, forward-looking statements involve known and
unknown risks and uncertainties, many of which are beyond the
control of Viterra or its subsidiaries. Forward-looking statements
are not guarantees of future performance and may, and often do,
differ materially from actual results.
Neither Viterra nor its subsidiaries, nor any of their
associates, directors, officers, employees or advisers, provides
any representation, warranty, assurance or guarantee that the
occurrence of any actions, events or results expressed or implied
in any forward-looking statements in this release will actually be
taken, occur or be achieved. You should not place, and are
cautioned against placing, reliance on these forward-looking
statements, which only speak as of the date of this release or of
the date of the particular statement (as applicable).
Nothing in this release shall, in any jurisdiction, constitute
or form part of any offer or invitation to sell or issue, or any
solicitation of any offer to purchase or subscribe for any
securities or financial instruments, nor shall it constitute a
recommendation or advice in respect of any securities or other
financial instruments or any other matter.
View original
content:https://www.prnewswire.com/news-releases/viterra-announces-intent-to-build-grain-elevator-in-dalhart-texas-302183377.html
SOURCE Viterra Inc.