REGINA — North West Terminal Ltd. in Unity, Sask. has idled its grain elevator after several years of losses.
Its adjacent plant-based fermentation and distillation business remains open.
CEO Jason Skinner said there have been significant headwinds the last three years and this year was not any better.
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The board of directors opted to let its primary elevator licence with the Canadian Grain Commission expire and stop accepting grain from producers.
NWT has been looking for either a joint venture partner or buyer for the grain handling side of the business for the last year. One potential deal did not pan out.
Skinner said the elevator will remain closed until margins improve or a partner or buyer is found. Staff had already been downsized over the last couple of years.
NWT is an independent farmer-shareholder owned company.
Contact karen.briere@producer.com
