World Grain - October 2008 - 16

newsreview
Viterra doubles year-to-date earnings

JRI changes name to Richardson International

REGINA, SASKATCHEWAN, CANADA - A strong global agriculture sector and robust commodity prices drove record-high agriproduct sales for Viterra in the three months ended July 31. Viterra
announced on Sept. 10 that its third-quarter net earnings rose 69%
to C$166.7 million, up from C$98.5 million during the same period
in 2007. For the nine months ended July 31, net earnings more than
doubled, growing 108% to C$241.5 million from C$115.7 million.
"Our third-quarter and year-to-date results are a testament to
our ability to maximize operational performance during a period
of strong agricultural industry fundamentals," said Mayo Schmidt,
Viterra's president and chief executive officer. "We continue to realize the synergies from the AU (Agricore United) acquisition ahead
of schedule and have created a stable and diverse platform to enable
us to execute on acquisitions and market opportunities. With the integration of AU substantially complete, we have demonstrated our
ability to successfully export our expertise to other businesses. This
will be our continued focus going forward."

WINNIPEG, MANITOBA, CANADA - James Richardson International Limited recently announced that it has changed its name to
Richardson International Limited in an effort to create a stronger,
more unified corporate identity. Moving forward, the company said
its business will be carried out under the trademark "Richardson."
"The Richardson name has been our calling card for generations,
and it continues to stand for honesty and integrity in agriculture,"
said Curt Vossen, Richardson International president. "By bringing
our corporate structure together under one trusted brand, we help our
customers to fully understand the scope of our integrated operations,
strengthen our presence in the global marketplace and establish each
of our subsidiaries as a unified team with a shared goal of growth."
Richardson International's subsidiaries, Pioneer Grain Company
and Canbra Foods Ltd., also will be recognized under new names
which reflect their ties to the parent company. Pioneer Grain has
changed its name to Richardson Pioneer Limited and Canbra Foods
Ltd. will now be known as Richardson Oilseed Limited.

Alliance Grain Traders to acquire Tradewind Commodities
TORONTO, ONTARIO, CANADA - Alliance Grain Traders Income Fund announced Aug. 28 that its operating company, Alliance
Pulse Processors Inc., completed the acquisition of Tradewind Commodities Ltd., a pulse and special crops processor located in Milestone, Saskatchewan, Canada.

Alliance acquired the land, buildings and equipment assets of
Tradewind for $2,900,000 paid in cash.
The existing management of Tradewind will continue to manage
the day-to-day operations under the trade name Saskcan Milestone
on behalf of Alliance.

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World Grain - October 2008

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