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Canpotex Limited Completes Saskatchewan Railcar Maintenance Facility

Investing News Network
Jun. 25, 2013 05:33AM PST
Potash Investing

Canpotex Limited announced that construction of their state-of-the art Railcar Maintenance Facility in Saskatchewan is done and that operation has begun.

Canpotex Limited announced that construction of their state-of-the art Railcar Maintenance Facility in Saskatchewan is done and that operation has begun.

As quoted in the press release:

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.

Canpotex’s President and CEO, Steve Dechka, said:

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.

To view the whole press release, click here.

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