AGT adds a port

Article Excerpt

AGT FOOD & INGREDIENTS $22.35 (Toronto symbol AGT; TSINetwork Rating: Extra Risk) (604-231-1100; www.agtfoods.com; Shares outstanding: 24.2 million; Market cap: $541.7 million; Dividend yield: 2.7%) has signed an agreement that will give it increased flexibility in shipping its products to Asian markets. Under the terms of the deal, Fibreco Export Inc. will build an export terminal for agriproducts at its bulk handling and loading facility in the Port of Vancouver. In exchange, AGT commits to using the new facility for 20 years. The terminal will include 3,000 metric tonnes of dry bulk storage and rail capacity to receive full unit trains. Fibreco will also provide terminal and additional services. AGT Food & Ingredients is a hold. hold…