Rogers Sugar Inc. Reaches 4 Year Agreement with Alberta Sugar Beet Growers
Montréal, Canada - Rogers Sugar Inc. (the "Corporation") (TSX: RSI) is pleased to announce that Lantic Inc. ("Lantic"), a wholly-owned subsidiary of the Corporation has reached a four-year agreement with the Alberta Sugar Beet Growers Association. This new agreement will ensure the continuity and stability of beet sugar production in Taber over the next four years. A total of approximately 22,000 acres will be targeted for planting over the next few days which should derive, under normal growing conditions, approximately 80,000 metric tonnes of refined sugar.
About Rogers Sugar Inc.
The Corporation is a corporation established under the laws of Canada. The Corporation holds all of the common shares of Lantic Inc. Lantic Inc. operates cane sugar refineries in Montreal, Quebec and Vancouver, British Columbia, as well as the only Canadian sugar beet processing facility in Taber, Alberta. Lantic Inc's sugar products are marketed under the "Lantic" trademark in Eastern Canada, and the "Rogers" trademark in Western Canada and include granulated, icing, cube, yellow and brown sugars, liquid sugars, and specialty syrups.