GENEVA,
SWITZERLAND--(Marketwire - Nov. 12, 2009) - 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.