Richardson Oilseed plans to expand its canola processing facility in Lethbridge, Alberta, Canada, a move which will more than double the processing capacity at the facility.
The expansion will also enhance efficiencies at the facility through enhanced technology and increased automation. Richardson currently processes about 1,200 tons of canola a day or 410,000 tons annually at its Lethbridge plant.
Richardson Oilseed senior vice president Pat Van Osch said that the global demand for canola and canola oil continues to increase due to strong consumer demand for healthier food products.
"We are committed to making a significant investment in our Lethbridge plant to keep pace with increased demand and continue to grow our business," he said.
Over the next eight months, the company will finalize the scope, design and costs of the Lethbridge expansion project. The construction of the project is expected to begin in early 2014 and is likely to be completed by the end of 2015.
In 2012, Richardson completed a $15m expansion at its canola packaging plant in Lethbridge, increasing the size of the facility by 40%.
Besides, the company is increasing crushing capacity in Yorkton by 25%, which will grow volumes from 2,400 tons of canola to 3,000 tons per day.
Richardson Oilseed is a wholly owned subsidiary of Richardson International, 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 canola processing and food packaging division.
