GENEVA, SWITZERLAND, Nov 12 (MARKET WIRE) --
Viterra Inc. (TSX: VT) (ASX: VTA) hosted an opening reception of its
Geneva office today, welcoming European business leaders and government
officials to the event. It was an opportunity for Mr. Mayo Schmidt,
Viterra President and CEO, to introduce Viterra and present the company's
mission to deliver healthy food ingredients from areas of surplus to
world locations where populations and food requirements are rising
steadily.
"We are very pleased to formally celebrate the opening of our Geneva
office with senior officials, dignitaries, business and investment
leaders. Geneva is a known focal point of foreign trade activities, and
we are proud to join the city's esteemed businesses. Our European team
has brought great value to Viterra, and today's successful event is a
testament to the strong interest in Viterra's mission to improve food
security by building stronger links between growers and destination
customers around the world," said Mayo Schmidt, President and CEO,
Viterra.
Viterra's marketing efforts through its Geneva office are an integral
part of the company's strategy to expand its grain marketing and
origination capabilities in major grain exporting countries in Europe and
pursue opportunities within the value-added agri-business industry.
Mr. Christian Joerg, Vice-President & Managing Director, Europe, is
responsible for implementing Viterra's growth platform and global
arbitrage logistics in the region. This includes the development of
Viterra's capacities in marketing of grains in the main importing
countries of Europe, Middle East and Africa as well as building up a
sourcing network for our core commodities in the Commonwealth of
Independent States.
"With Viterra's acquisition of ABB Grain in Australia, our European
office adds further value to the Company's geographical reach and
diversity," said Mr. Joerg. "Population and income growth in emerging
markets are leading to dramatic increases in global demand for core
commodities. Viterra is a company that recognizes it has a critical role
to play in providing essential ingredients for food products. It is an
exciting time to be part of this growing company and to lead a diverse
team based in Geneva."
Also speaking at the inaugural event was Canadian Ambassador to the Swiss
Confederation, Ms. Roberta Santi, and Dr. Pierre-Francois Unger, State
Councillor, in charge of the Department of Economy and Health of the
canton of Geneva.
About Viterra
Viterra Inc. provides premium quality ingredients to leading global food
manufacturers. Headquartered in Canada, the global agribusiness has
extensive operations across Western Canada, Australia, and New Zealand,
with Adelaide, Australia as the base for Viterra's Southeast Asian
operations. Our growing international presence also extends to operations
in the United States, offices in Japan, Singapore, China, Switzerland and
India. Driven by an entrepreneurial spirit we operate in five
interrelated business areas: grain handling and marketing, agri-products,
food processing, feed products and financial services. Our expertise,
close relationships with producers, and superior logistical assets allow
the company to consistently meet the needs of the most discerning end-use
customers, helping to fulfill the nutritional needs of people around the
world.
Contacts:
Viterra Inc.
Peter Flengeris
Investor Relations and Corporate Affairs
(306) 569-4810
www.viterra.ca
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