Miller Magazine Issue 107 / November 2018

28 MILLER / NOVEMBER 2018 NEWS Viterra hosts grand opening of Wadena Grain Terminal Viterra Inc. (“Viterra”) hosted a grand opening event on 10th October at its new high throughput grain facility at Wadena, SK. Viterra customers, employees and government officials came together to commemorate the company’s major investment in east central Saskatchewan. “We have a long and proud history in this area of the province, and we’re pleased to be renewing our commitment to our custo- mers by revitalizing our presence through this excel- lent addition to our asset network,” said Kyle Jewors- ki, Viterra’s President and CEO for North America, in his remarks to the audience. “Projects like this one are part of our overall focus on operational excellence, and in Saskatchewan alone we’ve invested millions of dollars at several locations in recent years to support our efforts.” The facility has a storage capacity of 34,000 metric tonnes, and is capable of loading up to 156 railcars through a loop track. “This is a fast, modern and ef- ficient facility that will enable us to provide our cus- tomers with the high level of service that they expect and deserve,” said Jeworski. “Further, we’re proud to make a positive impact on our rural communities with these types of projects through employment opportu- nities and other economic benefits.” Viterra is Canada’s grain industry leader, supported by the expertise of its people, a superior network of assets, and unrivalled connections to world markets. Headquartered in Regina, Saskatchewan, its commit- ment to agriculture goes back over 100 years, partne- ring with farmers to market and move their crops to areas of need around the world. Cargill reported results for the first quarter of fiscal 2019, which ended Aug. 31, 2018. Key measures inc- lude: The report showed that adjusted operating ear- nings totaled $883 million, nearly matching the $888 million earned in last year’s strong comparative period. Net earnings on a U.S. GAAP basis were $1.02 billion, up 5 percent from $973 million in the prior-year period. “Revenues rose 5 percent to $28.7 billion… A steady performance powers good start to the fiscal year,” Car- gill reports. “Our customers are choosing Cargill more and more often because we provide them the confi- dence they need to win in a fast-changing world,” said David MacLennan, Cargill’s chairman and chief execu- tive officer. According to report, adjusted operating earnings in Animal Nutrition & Protein were just below last year’s strong opening quarter, lifted by another good perfor- mance in North American protein. And Food Ingredients & Applications delivered slight- ly lower earnings against a strong comparative period. Cargill reports ‘a steady performance’ in 2019 first-quarter