March 22, 2013

Richardson Oilseed Limited announced its plan to expand its rapeseed processing plant in Lethbridge, Alberta, which will more than double processing capacity at the facility.

Richardson, one of the largest rapeseed oil processors in North America, currently processes approximately 1,200 tonnes of rapeseed per day or 410,000 tonnes per year out of its Lethbridge plant. The expansion will also enhance efficiencies at the facility through upgraded technology and increased automation.

"Global demand for rapeseed and rapeseed oil continues to increase due to strong consumer demand for healthier food products," says Pat Van Osch, Senior Vice-President, Richardson Oilseed. "We are committed to making a significant investment in our Lethbridge plant to keep pace with increased demand and continue to grow our business."

Over the next eight months, Richardson will finalise the scope, design and costs of the Lethbridge expansion project to begin construction in early 2014 and target completion by the end of 2015. Last year, Richardson completed a US$15 million expansion at its rapeseed packaging plant in Lethbridge, increasing the size of the facility by 40%.

Richardson is currently in the midst of another expansion project at its other rapeseed processing plant in Yorkton, Saskatchewan. The company is increasing crushing capacity in Yorkton by 25%, which will grow volumes from 2,400 tonnes of rapeseed per day to 3,000 tonnes per day. The Yorkton project is on track to be complete by the end of 2013.

"With increased capacity at two state-of-the-art rapeseed processing plants and strong origination capabilities through our expanding Richardson Pioneer network, we will be well positioned to service our customers and meet the needs of the global marketplace," says Van Osch. "We are focused on expanding our presence as the leader in the Canadian rapeseed processing industry."

Richardson Oilseed Limited is a wholly owned subsidiary of Richardson International Limited, Canada's largest, privately owned agribusiness. Based in Winnipeg, Richardson is a worldwide handler and merchandiser of all major Canadian-grown grains and oilseeds and has a fully integrated rapeseed processing and food packaging division. Richardson is one of Canada's Best Managed Companies and is recognized as a global leader in agriculture and food processing.