Richardson to build new advanced grain elevator

Dec. 12, 2014, Winnipeg – Richardson International Limited is
pleased to announce plans to build a new high-throughput grain elevator
to replace its current facility in Dauphin, Manitoba. The new Richardson
Pioneer elevator will have a total of 25,000 metric tonnes of storage
for grains and oilseeds.

Dec. 12, 2014, Winnipeg – Richardson International Limited is
pleased to announce plans to build a new high-throughput grain elevator
to replace its current facility in Dauphin, Manitoba. The new Richardson
Pioneer elevator will have a total of 25,000 metric tonnes of storage
for grains and oilseeds.

“The Dauphin area is an important market for us and
we have a solid, loyal customer base there,” says executive vice-president Darwin Sobkow. “This
shows our long-term commitment to the area and ensures our ability to
continue to serve our customers.”

The new elevator will include 10,000 metric tonnes
of storage space and will replace the 5,750 metric tonne wooden crib
elevator currently on the site. The build will incorporate 15,000 metric
tonnes of existing steel bin storage, upgrading the receiving and
shipping speed to match that of the new elevator. It also includes a
high capacity grain dryer, cleaner and 104-car spot.

Construction of the new elevator will begin in April
2015. The project will take approximately 16 months and is expected to
be complete in August 2016. Richardson will build a temporary receiving
and shipping system at the Dauphin site to provide customers with a
continued delivery option over the 16-month construction period.

Richardson acquired the Dauphin elevator in 2007
from Agricore United with the intention to upgrade and enhance the
facility as part of a continued, long-term investment in its Richardson
Pioneer network of facilities.  

“Richardson has an ongoing, aggressive commitment to
furthering our investment in agriculture in Western Canada,” says
Sobkow. “We will continue to enhance our business and look for new
opportunities to grow to meet the needs of our customers at home and in
world markets.”

Richardson International is Canada’s largest
agribusiness and is recognized as a global leader in agriculture and
food processing. Based in Winnipeg, Richardson is a worldwide handler
and merchandiser of all major Canadian-grown grains and oilseeds and a
vertically-integrated processor and manufacturer of oats and
canola-based products. One of Canada’s Best Managed Companies,
Richardson has over 2,500 employees across Canada and the United States.