Brief: Ceres Global optimizes number of terminals in its network; provides update on northgate operations

Ceres Global Ag

04/04/2016 12:00

April 4 (Reuters) - Ceres Global Ag Corp  
    * Ceres global ag optimizes the number of terminals in its 
network; provides update on northgate operations 
    * Will put three grain storage elevators out of service as 
part of a strategic initiative designed to reduce operating 
costs 
    * Expects that closures will result in an annual reduction 
of operating expenses of us$2 to $2.5 million 
    * Grain elevator closures will take effect with start of 
2016 crop season in july 
    * Duluth storage facility, which has a capacity of 12.2 
million bushels, will remain open and be primary focus of 
operations in area 
    * Expects its northgate terminal to be fully commissioned by 
april 30 as scheduled 
 
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