TORONTO, March 9 /CNW/ - SunOpta Inc. (SunOpta or the Company)
(Nasdaq: STKL) (TSX:SOY) today announced two new contracts for a total of
approximately $12,000,000 covering the supply of magnesium desulfurization
products to two major integrated steel mills in Canada and the US. These
contracts are renewable and are expected to grow each year.
Opta also announced that it will commence commercial production of these
products in the 2nd quarter at the Waterdown, Ontario facility. This expansion
will give Opta three facilities focused on the production of magnesium based
reagents and slag conditioners located in Indiana, Ontario and Michigan.
Steve Bromley, President and CEO of SunOpta commented that "we are very
pleased to see this rapid growth in Opta Minerals resulting from the
acquisition of MagTech Inc. a year ago and to be able to provide back up
production facilities for our customers".
About SunOpta Inc.
SunOpta Inc. is an operator of high-growth ethical businesses, focusing
on integrated business models in the natural and organic food, supplements and
health and beauty markets. The Company has three business units: the SunOpta
Food Group, which specializes in sourcing, processing and distribution of
natural and organic food products integrated from seed through packaged
products; the Opta Minerals Group, a producer, distributor, and recycler of
environmentally friendly industrial materials; and the SunOpta BioProcess
Group (soon to become SunOpta BioProcess Inc.) which engineers and markets
proprietary steam explosion technology systems for the pulp, bio-fuel and food
processing industries. Each of these business units has proprietary products
and services that give it a solid competitive advantage in its sector.
Certain statements included in this press release may constitute
"forward-looking statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995. These forward-looking statements
include, but are not limited to references to business strategies, competitive
strengths, goals, capital expenditure plans, business and operational growth
plans and references to the future growth of the business. These forward
looking statements are based on certain assumptions and analyses made by the
Company in light of its experience and its interpretation of current
conditions, historical trends and expected future developments as well as
other factors that the Company believes are appropriate in the circumstance.
However, whether actual results and developments will agree with expectations
and predications of the Company is subject to many risks and uncertainties
including, but not limited to; general economic, business or market risk
conditions; competitive actions by other companies; changes in laws or
regulations or policies of local governments, provinces and states as well as
the governments of United States and Canada, many of which are beyond the
control of the Company. Consequently all forward-looking statements made
herein are qualified by these cautionary statements and there can be no
assurance that the actual results or developments anticipated by the Company
will be realized.
For further information:
For further information: SunOpta Inc. Jeremy N. Kendall, Chairman Steve
Bromley, President & CEO Joseph Riz, Executive Vice President John Dietrich,
Vice President & CFO Susan Wiekenkamp, Information Officer Tel: 905-455-2528,
ext 103 email@example.com Website: www.sunopta.com or Investment
Community Inquiries: Lytham Partners, LLC Joe Diaz, Robert Blum or Joe Dorame,