The Asian subsidiary for Canada’s biggest grain company has set up a new grains and oilseeds marketing office in Vietnam’s largest city.
“Our new office in Ho Chi Minh City is ideally located to facilitate further trade and service increasing demand in Vietnam, supported by local expertise and market intelligence,” Don Chapman, Viterra’s senior vice-president for international grain, said in a release Wednesday.
The office will focus on milling and feed wheat, malt barley, and oilseed proteins in forms such as soybean meal and canola meal, the company said.
“Our continued investment in Asia is part of our overall strategy to extend our value chain and strategically position our company in areas experiencing growing demand,” Chapman said.
Viterra has set up its international grain network around a group of marketing hubs and sales and distribution offices worldwide. The company in the past year has opened marketing offices in Montreal, Kiev and Naples.
The company earlier this week said it will rework its operating structure into a global model overseeing its grain, agri-products and agriprocessing operating groups from the top down.