Federated Co-operatives Limited (FCL) has announced the construction of two new fertilizer terminals in Western Canada with a combined price tag of $75 million.
Work began recently at a site outside Hanley, Sask., and another near Brandon, Man.
“It is very tough economic conditions in many sectors, but we’re very confident in the Prairies, we’re very confident in Saskatchewan, and thus, we’ve made this investment,” said FCL CEO Scott Banda.
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The facilities will be capable of warehousing, blending and distributing the crop nutrition products.
The Hanley terminal is expected to store up to 45,000 metric tonnes of fertilizer while the Brandon terminal will contain 27,500 metric tonnes.
Each terminal will be capable of filling a Super B trailer with blended fertilizer in ten minutes, officials said.
“Time counts. Every second counts. Facilities like this really speed things up. It’ll be a great thing,” said Saskatchewan Agriculture Minister Lyle Stewart.
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Right now, 64 of the 120 Co-op Agro Centre locations in Western Canada sell fertilizer.
The terminals are expected to be fully operation in early 2017.