Corporate News Market News
SPG Board Member Election Ends
SASKATOON - Dec 2/11 - SNS -- Cynthia Edwards' decision to withdraw from the election for Saskatchewan Pulse Growers (SPG) board members brought the election to an unexpected end, with the remaining three candidates winning by acclamation.
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LWP Reports Opened Quarter Loss
TORONTO - Nov 15/11 - SNS -- Legumex Walker Inc. (LWP) reported a net loss of CDN $2.4 million on sales of $41.399 million for the quarter ending September 30.
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AGT Reports Higher Adjusted Net
TORONTO - Nov 14/11 - SNS -- Alliance Grain Traders Inc. (AGT) reported a net loss of CDN $12.054 million on revenues of $190.556 million for the third quarter ending September 30, compared to net earning of $5.915 million on sales of $137.5596 million during the same three month period last year.
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Potts Joins SPG
SASKATOON - Nov 10/11 - SNS -- Carl Potts will become the Saskatchewan Pulse Growers (SPG) new executive director effective mid-December.
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Toepfer Buys Western Grain
TORONTO - Nov 4/11 - SNS -- Alfred C. Toepfer International, G.m.b.H. has acquired Western Grain Trade Ltd. and Western Grain Cleaning & Processing Ltd.
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AGT Buys Facilities in Minot
TORONTO - Nov 3/11 0 SNS -- Alliance Grain Traders Inc. has acquired certain real property, storage and related handling equipment from C & F Foods, Inc., Real Partner Investments, LLC, and MCL Ag Investments Partnership, LLP.
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Bunge Reports Lower Net on Higher Sales
NEW YORK - Oct 27/11 - SNS -- Bunge reported net income of U.S. $140 million on revenues of $15,616 million during the third quarter ending September 30, compared to a net of $212 million on sales of $11,662 million during the same three month period last year.
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AGT Building Pasta and Pulse Plant
REGINA Oct 8/11 - SNS -- Alliance Grain Traders Inc. intends to invest up to CDN $50 million to build a pasta and pulse processing and logistics complex here.
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BroadGrain Buys Lakeside
SASKATOON - Sep 30/11 - SNS -- BroadGrain Commodities Inc. has completed the purchase of 100% of the shares of Lakeside Global Grains Inc.
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Sim Named SPG Acting Executive Director
SASKATOON - Aug 24/11 - SNS -- Dave Sim has been named acting Executive Director of the Saskatchewan Pulse Growers (SPG).
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AGT Reports Q2 Loss
TORONTO - Aug 11/11 - SNS -- Alliance Grain Traders Inc. (AGT) reported a net loss of CDN $3.876 million on revenue of $169.9 million during the second quarter ending June 30, compared to a net loss of $4.328 million on revenues of $149.2 million during the same three month period last year.
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AGT Expands in Australia
TORONTO - Aug 2/11 - SNS -- Alliance Grain Traders (AGT) has acquired all of the assets of Canz Commodities, previously owned by Bodana Pty Ltd and the Pars Ram Punj Family.
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Bunge's Earnings Plunge
NEW YORK - Jul 28/11 - SNS -- Bunge Limited reported net income of U.S. $316 million on sales of $14,488 million during the second quarter ending June 30, compared to net income of $1,778 million on sales of $10,974 million during the same three month period last year.
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Patterson Leaves SPG
SASKATOON - Jul 21/11 - SNS -- Garth Patterson is stepping down as the executive director of the Saskatchewan Pulse Growers (SPG) to take a new position as Executive Director of the Western Grains Research Foundation.
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LWP Starts Crush Plant Construction
TORONTO - Jul 19/11 - SNS -- Legumex Walker Inc. (LWP) is proceeding with construction of a canola processing plant in Warden, Washington. Construction is expected to be completed by late 2012 and the plant operational in 2013.
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Viterra Takes Over MPA Terminal
TORONTO - Jul 4/11 - SNS -- Viterra Inc. has commenced operation of the Grain Terminal previously managed by the Montreal Port Authority (MPA), implementing the lease agreement signed April 21, 2011.
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Moats Named SPG Chairman
SASKATOON - Jun 29/11 - SNS -- Lee Moats has been named chairman of the Saskatchewan Pulse Growers (SPG), replacing Murray Purcell.
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Viterra Expands Gull Lake Terminal
TORONTO - Jun 21/11 - SNS -- Viterra Inc. has completed the expansion of its Gull Lake terminal.
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Viterra Buys Premier Pulses International Inc.
TORONTO - Jun 20/11 - SNS -- A wholly-owned Viterra Inc. subsidiary of Viterra has bought substantially all the assets and inventory of Premier Pulses International Inc., a processor and merchandiser of peas and lentils with a single site facility in Minot, North Dakota and a marketing office in Lewiston, Idaho.
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Viterra Earnings Jump
TORONTO - Jun 9/11 - SNS -- Viterra Inc. reported nest earnings of $33.075 million sales of $2,701.86 million for the second quarter ending April 30, compared to a net earnings of $18.41 million on sales of $2,026.944 million during the same three month period last year.
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Legumex Walker Inc. Issues IPO
TORONTO - Jun 6/11 - SNS -- Legumex Walker Inc. (LWI) has filed a preliminary prospectus with the securities regulatory authorities in each of the provinces and territories of Canada, except Quebec, in connection with a proposed initial public offering of its common shares.
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AGT Net Earnings Decline
TORONTO - May 31/11 - SNS -- Alliance Grain Traders Inc. reported net earnings of $7.182 million on sales of $168.053 million for the first quarter ending March 31, compared to net earnings of $17.684 million on sales of $186.356 million during the same three month period last year.
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Viterra Supports Canadian Food Grains Bank
REGINA - May 24/11 - SNS -- Viterra Inc. has donated over $100,000 of crop inputs to support 45 growing projects across Western Canada that raise funds for Canadian Foodgrains Bank.
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Viterra Taks Over MPA Grain Terminal
TORONTO - Apr 21/11 - SNS -- Viterra Inc. and the Montreal Port Authority (MPA) signed a definitive agreement for Viterra to lease and operate the MPA Grain Terminal effective July 1.
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ADM Expands Alberta Canola Plant
TORONTO - Mar 23/11 - SNS -- ADM Agri-Industries is doubling canola seed receiving capabilities and storage capacity at its Lloydminster, Alberta, processing facility.
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