ST. PAUL, MINN. (August 24, 2016) - CHS Inc. (NASDAQ: CHSCP, CHSCO, CHSCN, CHSCM, CHSCL), North America's leading farmer-owned cooperative and a global energy, grains and foods company, announced today it has completed a $10 million renovation at its St. Paul, Minn., fertilizer terminal. Located on the Mississippi River, the CHS St. Paul Terminal serves CHS Agronomy customers in multiple northern states, including Minnesota, Wisconsin, South Dakota, and North Dakota, as well as portions of Canada.
Originally constructed in 1938, the St. Paul facility was rebuilt from the ground up to create a modern, efficient facility that reflects CHS strong commitment to safety. Major customer benefits of the new facility include storage capacity of 21,000 tons, faster load times, and ability of drivers to verify their load numbers without leaving their trucks.
'The St. Paul terminal now turns more loads and executes shipments efficiently and safely through its 400-tons-per hour capacity. We can load trucks in six minutes and railcars in less than 20 minutes,' says Rick Dusek, CHS vice president, Agronomy. 'It's bigger and faster for our customers, and safer for our employees and the adjacent river ecosystem.'
Other terminal improvements include wider conveyor belts, a new excavator bucket that holds three yards of material, double the previous terminal's storage capacity, a newly rebuilt dock, and a new winch system, all of which speed barge unloading times to under six hours. A new, larger cell hopper is two-feet higher to enable safe operations when river levels rise.
Dusek says the St. Paul terminal has long been a workhorse that northern tier customers will now find even more efficient. 'CHS is a leading crop nutrients supplier to ag retailers through an extensive sourcing, terminal and transportation network,' he says. 'Through our strong partnerships, asset expansion and exceptional logistics system, we can dependably deliver essential products that help our customers grow their businesses.'
CHS Inc. (www.chsinc.com) is a leading global agribusiness owned by farmers, ranchers and cooperatives across the United States. Diversified in energy, grains and foods, CHS is committed to helping its customers, farmer-owners and other stakeholders grow their businesses through its domestic and global operations. CHS, a Fortune 100 company, supplies energy, crop nutrients, grain marketing services, animal feed, food and food ingredients, along with business solutions including insurance, financial and risk management services. The company operates petroleum refineries/pipelines and manufactures, markets and distributes Cenex® brand refined fuels, lubricants, propane and renewable energy products.
This document and other CHS Inc. publicly available documents contain, and CHS's officers and representatives may from time to time make, 'forward-looking statements' within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Report Act of 1995. Forward-looking statements can be identified by words such as 'anticipate,' 'intend,' 'plan,' 'goal,' 'seek,' 'believe,' 'project,' 'estimate,' 'expect,' 'strategy,' 'future,' 'likely,' 'may,' 'should,' 'will' and similar references to future periods. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on CHS's current beliefs, expectations and assumptions regarding the future of its businesses, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of CHS's control. CHS's actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause CHS's actual results and financial condition to differ materially from those indicated in the forward-looking statements are discussed or identified in CHS's public filings made with the U.S. Securities and Exchange Commission, including in the 'Risk Factors' discussion in Item 1A of CHS's Annual Report on Form 10-K for the fiscal year ended August 31, 2014. Any forward-looking statements made by CHS in this document are based only on information currently available to CHS and speak only as of the date on which the statement is made. CHS undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.