Sask Valley Pork Inc. has raised enough money to proceed with the expansion of its Rosthern, Sask., area hog barn.
It was able to raise $800,000 of limited partnership equity and $400,000 in debentures in May and June.
In total, the project received investment from 101 people.
Also, Danzig Pork Producers Ltd. invested $400,000 and the Canadian Imperial Bank of Commerce is handling the debt financing.
The project, which will see the existing 600 sow barn expanded to 1,200 sows, will cost $4 million. When complete, it will produce about 27,000 market pigs a year.
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Agpro pours Killam
Saskatoon newsroom
Agpro Grain has started pouring its concrete grain terminal in Killam, Alta., shortly after completing similar pours at Trochu and Wilson Siding.
Earlier this year, Agpro began to build Killam’s fertilizer facility which will be completed shortly. The Killam operation is scheduled to open in spring 1999.
The site will include a full-service farm supply operation. The elevator will have storage capacity of 42,000 tonnes, the capability to clean grain to export standards and a siding capable of accommodating 112 rail cars loading on four tracks.
It is located at the junction of Highway 36 and Highway 13.
Killam is one of six full-service elevator and farm supply marketing centres to be built in Alberta by Agpro Grain, and its parent company, Saskatchewan Wheat Pool, over the next 18 months.
The other facilities are located in Vulcan, Wilson Siding, Lavoy, Crossfield and Trochu.
All told, Agpro is spending $270 million on 22 high-throughput elevators and marketing facilities in Western Canada.
Caradon purchased
Saskatoon newsroom
Jannock Ltd. has bought Caradon Metal Building Products for $13 million and assumption of certain unnamed liabilities.
Caradon makes metal grain bins, roofing and siding for agricultural, commercial and industrial construction.
It employs 141 people at its manufacturing plants in Saskatoon and Mississauga, Ont., a distribution centre at Nisku, Alta., and head office in Edmonton.
The company, which had sales of more than $39 million last year, was owned by Caradon Ltd. of Britain.
Jannock said in a news release that it will integrate Caradon Metal with its Vicwest operations, part of its subsidiary Jenisys Engineered Products.
Jannock, headquartered in Toronto, makes building products from metal, vinyl and brick. Its sales in 1997 were $1.15 billion.
