JAMES RICHARDSON INTERNATIONAL
CONFIRMS CONSTRUCTION OF
YORKTON CANOLA PROCESSING PLANT
May 30, 2008
Winnipeg, Manitoba, Canada – James Richardson International Limited (JRI) today
announced that its Board of Directors has unanimously approved the immediate construction
of a canola processing plant in Yorkton, Saskatchewan.
In September 2006, JRI announced its intention to build a state-of-the-art canola processing
plant in Yorkton as an expansion of its existing food processing business. However, the
unexpected and dramatic escalation of construction costs required JRI to review its
engineering specifications and satisfy itself as to the strength of its costing estimates before
moving forward. The required review has now been completed and JRI has concluded that
the project will proceed as planned.
“This is a very important decision for JRI and for the Richardson family” said Hartley T.
Richardson, JRI Chairman and President and Chief Executive Officer of JRI’s parent
company James Richardson & Sons, Limited. “It increases and diversifies our presence in
the agri-food industry on a global basis and ensures that our food processing business will
continue to grow. In the past year we have expanded our traditional grain-handling business
through the acquisition of former Agricore United assets and we are now turning our attention
to the growth of our food processing operations.”
JRI currently owns and operates Canbra Foods Ltd., Canada’s largest fully integrated canola
crushing/refining/processing/packaging plant located in Lethbridge, Alberta. The addition of
the new plant, capable of processing 840,000 metric tonnes of canola per year, will triple
JRI’s canola oil production.
JRI President Curt Vossen commented on the importance of adding the Yorkton plant to
JRI’s current canola processing business. “Over the past several years, we have witnessed
a significant increase in the demand for vegetable oil generally, and canola oil specifically, on
a global basis for food and biofuel. The construction of the Yorkton processing plant will
allow us to better meet the existing and future needs of our world-wide customer base.”
CONFIRMS CONSTRUCTION OF
YORKTON CANOLA PROCESSING PLANT
May 30, 2008
Winnipeg, Manitoba, Canada – James Richardson International Limited (JRI) today
announced that its Board of Directors has unanimously approved the immediate construction
of a canola processing plant in Yorkton, Saskatchewan.
In September 2006, JRI announced its intention to build a state-of-the-art canola processing
plant in Yorkton as an expansion of its existing food processing business. However, the
unexpected and dramatic escalation of construction costs required JRI to review its
engineering specifications and satisfy itself as to the strength of its costing estimates before
moving forward. The required review has now been completed and JRI has concluded that
the project will proceed as planned.
“This is a very important decision for JRI and for the Richardson family” said Hartley T.
Richardson, JRI Chairman and President and Chief Executive Officer of JRI’s parent
company James Richardson & Sons, Limited. “It increases and diversifies our presence in
the agri-food industry on a global basis and ensures that our food processing business will
continue to grow. In the past year we have expanded our traditional grain-handling business
through the acquisition of former Agricore United assets and we are now turning our attention
to the growth of our food processing operations.”
JRI currently owns and operates Canbra Foods Ltd., Canada’s largest fully integrated canola
crushing/refining/processing/packaging plant located in Lethbridge, Alberta. The addition of
the new plant, capable of processing 840,000 metric tonnes of canola per year, will triple
JRI’s canola oil production.
JRI President Curt Vossen commented on the importance of adding the Yorkton plant to
JRI’s current canola processing business. “Over the past several years, we have witnessed
a significant increase in the demand for vegetable oil generally, and canola oil specifically, on
a global basis for food and biofuel. The construction of the Yorkton processing plant will
allow us to better meet the existing and future needs of our world-wide customer base.”
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