Canada’s largest grain company now has an office for its vice-president for Asia to go to.
Viterra announced Tuesday that it has opened a new office in Singapore that will serve as the Regina-based grain firm’s Asian headquarters and manage trading activity in the region.
The office “will also pursue new value-added opportunities and relationships to extend Viterra’s pipeline in Asia,” the company said.
“In addition to improving access to destination customers, it will enhance our ability to capitalize on value chain integration opportunities,” CEO Mayo Schmidt said Tuesday in a release.
And Viterra’s increased presence in Asia will benefit farmers, given the region’s importance as a market for Canadian crops, Schmidt said.
The Singapore office is headed by Stephen Yu, who was named in July as Viterra’s vice-president and managing director, Asia.
Yu, who reports to Don Chapman, Viterra’s senior vice-president for international grain, came to the company from Archer Daniels Midland, where he served as a vice-president for the Asia Pacific region.