P&H secures Fraser Grain Terminal partner to expand Canadian grain export capacity

VANCOUVER, Dec. 12, 2018 /CNW/ - Parrish & Heimbecker, Limited (P&H) is pleased to announce it has a formal agreement to partner with GrainsConnect Canada Operations, Inc. in constructing the Fraser Grain Terminal in Surrey, B.C.  P&H received a project permit following regulatory approval in November 2018 for the new terminal, which will bring needed capacity and efficient infrastructure for grain exports to Canada's western gateway.

GrainsConnect Canada Operations, Inc., subject to obtaining necessary approvals from the relevant competition authorities, will purchase shares in the Fraser Grain Terminal Limited. This investment reflects the national and global importance of the terminal for the supply chain, and both companies vested interest in facilitating Canadian farmers' grain and specialty product exports.

"This partnership is a testament to P&H's dedication to Canada and our strong business relationships around the world" says John Heimbecker, President, Grain Division and Executive Vice President of P&H. "This partnership helps ensure Fraser Grain Terminal is ready for service in 2020."

The new terminal will provide 4 million tonnes of export capacity each year. The facility boasts three new state-of-the-art shiploaders, modern storage facilities, fully enclosed conveying systems and efficient rail car systems.

For more information about the project, please visit Fraser Grain Terminal.

About Parrish & Heimbecker, Limited
P&H is a Canadian, family owned agri-business, with roots in the agriculture industry for more than 100 years. Founded in 1909, P&H is growth-oriented, diversified and vertically-integrated with operations that include grain trading, handling and merchandising, as well as crop inputs, flour milling and feed mills. With 60+ locations from coast to coast and trade links around the globe, P&H leverages a well-established network of assets, strong business relationships with customers and suppliers, and ongoing infrastructure development to support Canadian agricultural producers.

About GrainsConnect Canada Operations, Inc.
GrainsConnect Canada Operations, Inc. is a joint venture between GrainCorp, a leading Australian agribusiness, and Zen-Noh Grain Corporation, a subsidiary of major Japanese agricultural cooperative Zen-Noh (National Federation of Agricultural Cooperative Associations). Incorporated in 2015, GrainsConnect operates two new, high-capacity grain terminals in Maymont and Reford, Saskatchewan. In 2019, two additional high-capacity terminals will open in Vegreville and Huxley, Alberta. GrainsConnect offers competitive pricing, game-changing efficiency and access to global demand.

SOURCE Parrish & Heimbecker, Limited