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Old Posted Jul 13, 2011, 2:35 PM
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Richardson Expands Hamilton Port Terminal to Increase Capacity

http://www.marketwire.com/press-rele...ty-1537741.htm

WINNIPEG, MANITOBA--(Marketwire - July 13, 2011) - Richardson International Limited is investing $5.5 million to expand its port terminal facility in Hamilton, Ontario to increase handling and shipping capacity to meet growing demand.

The Hamilton enhancements include the addition of a third receiving pit and elevation leg with two new truck beam scales. This will increase truck receiving handling capacity by one-third to meet the demand for grain deliveries. Richardson will also be adding a second vessel-shipping tower to increase shipping capacity.

"Hamilton has emerged as a major grain hub in Ontario and demand continues to grow," says Darwin Sobkow, Richardson's Vice-President, Agribusiness Operations. "We are committed to investing in our facility to improve efficiency and meet the needs of all of our customers."

Richardson is also adding a 2,000 square foot office addition to its Hamilton port terminal as part of the expansion project. The new grain receiving pit/leg and scales will be operational in time for the fall corn and bean harvest, while the new shipping tower will be finished in 2012. Richardson is committed to continuing to invest in its Hamilton facility and plans to make further announcements about additional storage capacity and other enhancements in the near future.

"This expansion is the latest in a number of investments we have made at Hamilton to keep pace with growing demand," says Sobkow. "Richardson was the first to invest in a grain vessel loading facility in the port of Hamilton over a decade ago and we are well positioned to capture increasing demand."

Richardson International is Canada's largest, privately owned agribusiness and has served farmers across the country for more than 150 years. Based in Winnipeg, Richardson has over 1,600 employees across Canada and is a worldwide handler and merchandiser of all major Canadian-grown grains and oilseeds. Richardson is one of Canada's 50 Best Managed Companies and is recognized as a global leader in agriculture and food processing.
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