WINNIPEG, MANITOBA, CANADA — CWB announced on May 22 that the pouring of the concrete slip for its state-of-the-art grain elevator located near Pasqua, Saskatchewan, Canada, is now under way. Situated approximately 10 kilometers east of Moose Jaw on Highway 39, the Pasqua concrete pour follows quickly on the heels of CWB's St. Adolphe, Manitoba pour completed earlier in May.

The Pasqua elevator pour began on May 20, and the 65-member crew is expected to finish on May 26, with a continuous pour of one foot of concrete per hour. The elevator will feature 42,000 tonnes of storage, cleaning facilities and a 134-car loop track with car loading capacity of more than 1,600 tonnes per hour.

"CWB's Pasqua elevator is our first new build in durum country and will be an essential link in acquiring and moving durum and other grains to Canadian and U.S. customers as well as those overseas," said CWB President and Chief Executive Officer Ian White. "The on-site office is complete and farmers are now signing up contracts for delivery to Pasqua."

The construction of CWB's Pasqua elevator was announced last September and is on track to begin receiving grain in March 2016. The elevator is situated on the CP Railway mainline, providing CWB with rail access to its assets in eastern Canada, U.S. markets, and the west coast.

"CWB is gearing up to be a strong competitor in the marketplace as a private grain handling and marketing company," said White. "As a Canadian business headquartered in Western Canada, we are continuing to build a coast-to-coast network of strategic assets to move more of our farmer-customers’ grain to more places around the world."

All farmers who deliver to CWB's Pasqua facility will be eligible to participate in CWB's Farmer Equity Plan. CWB launched the Farmer Equity Plan in 2013, and it is the only opportunity in Canada to enable farmers to have significant equity interest in a Canadian grain company. For every tonne of grain delivered to CWB, farmers will receive C$5 in equity in CWB at no cost to them.