SASKATOON, SK, June 21, 2013 /PRNewswire/ - Canpotex Limited (Canpotex)
announces completion of construction and commencement of operation of
its state-of-the art Railcar Maintenance Facility in Saskatchewan.
Canpotex invested CDN $60 million in the new facility to ensure that its
railcars are efficiently maintained for the safe and timely
transportation of Canpotex's Saskatchewan potash to export terminals
for shipment onwards to offshore markets. This new facility provides
Canpotex with greater control over its railcar maintenance, thereby
enhancing the performance of its fleet.
Located approximately 12 kilometres southwest of Lanigan in the Rural
Municipality of Usborne, this facility provides all-weather inspection
and light repair, automated railcar wash and wheel maintenance services
for Canpotex's 5,000 railcars.
This new facility is part of a railcar logistics' strategy initiated in
1996 when Canpotex partnered with National Steel Car Limited of
Hamilton, Ontario to build the world's first railcar designed
specifically to carry potash. The new design, combined with greater
load capacity, allows Canpotex to operate longer trains that carry more
potash. By exclusively running longer trains, Canpotex is one of the
first Canadian shippers to support the railways' move towards a 'drop
and lift' operating system.
"The movement of our potash from Saskatchewan to our export terminals on
the West Coast is the life-line of our logistics, and this facility
allows Canpotex to remain the world's premier potash exporter. With the
addition of a Railcar Maintenance Facility here in Saskatchewan, we are
able to stimulate capital investment, construction and long-term job
opportunities here at home, while ensuring Canpotex continues to meet
the growing demand for potash overseas, and drive our reputation for
quality, service and reliability," stated Mr. Steve Dechka, Canpotex's
President and Chief Executive Officer.
Operating continuously since 1972, Canpotex is the exclusive offshore
marketing company owned by the three Saskatchewan potash producing
companies: Agrium Inc. (TSX and NYSE: AGU), Mosaic Canada Crop
Nutrition, LP, a subsidiary of The Mosaic Company (NYSE: MOS), and
Potash Corporation of Saskatchewan Inc. (TSX and NYSE: POT).
SOURCE Canpotex Limited