Global agricultural commodity company Glencore Agriculture has announced it will rebrand as Viterra in late 2020, World Grain reported on 20 August.
“For over 40 years, Glencore invested in the business to create one of the world’s leading agriculture networks,” Glencore CEO David Mattiske was quoted as saying.
“With the investment by CPP Investments and British Colombia Investment Management Corp (BCI) in 2016, we now have three strong shareholders who share our vision for future growth and success.”
Part of Glencore Agriculture, Viterra is headquartered in Regina, Saskatchewan, Canada, and operates a network of grain elevators, special crops facilities, processing plants and port terminals across Canada and parts of the USA.
“Viterra is a globally recognised brand within the business,” Mattiske said. “It also has a deep connection to agriculture, with Viterra meaning ‘vitality from the earth.’ This is an opportunity to unite our business under one brand with a shared purpose and identity.”
According to Sosland Publishing’s 2020 Grain & Milling Annual, Viterra has a total of 85 grain storage facilities with a total storage capacity of 120.36M bushels.
In other news, Glencore Agriculture has acquired a port terminal in Ukraine from the Orexim Group of Companies, World Grain reported on 1 September.
The Everi vegetable oil export terminal in Mykolai offered storage and loading services. Built in 2010, the facility had been expanded in 2018. It had a static storage capacity of 160,000 tonnes with the capacity to load up to 1.5M tonnes/year of vegetable oil for export.
“This acquisition reinforces our long-term commitment to the agriculture sector in Ukraine and establishes Glencore Agriculture Limited as a key and reliable partner within the global vegetable oil supply chain,” Mattiske said.