REGINA, Aug. 16, 2017 /CNW/ - AGT Food and Ingredients Inc. (TSX:AGT) ("AGT" or the "Company") has announced that President and CEO Murad Al-Katib has been appointed by The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development and The Honourable Lawrence MacAulay, Minister of Agriculture to Chair the National Agri-Food Strategy Roundtable.
The Economic Strategy Tables are part of the Government's Innovation and Skills Plan to create jobs by investing in high-growth sectors where Canada has a globally competitive advantage.
Each table will be chaired by a business leader who will preside over a group of approximately 15 members who will guide federal efforts to create the conditions for long-term growth that lead to new business opportunities and jobs for Canadians.
The Economic Strategy Tables will set ambitious growth targets for Canadian agriculture and food, identifying sector-specific challenges and creating a roadmap to support Canada's global success and competitive position in capturing the opportunity to feed the world.
"Canada's historical position as a leader in agriculture and food is well documented. The Strategy Roundtable is all about the future of our sector and our ability to truly establish Canada as the driver in the world in providing safe, reliable and environmentally sustainable agricultural products, food and ingredients to the world. Society faces the challenge to feed almost ten billion people by 2050, with income growth in Asia and other emerging markets creating a real opportunity for Canada. The global race to protein is on and we will work to ensure that Canada is the first stop on the global protein highway. The integration of our world class research, farmers, processors and exporters into an efficient and reliable supply chain is certain to assist Canada in realizing the economic benefits of the billions of dollars of growth that are available to it by seizing the global food opportunity. I am excited and honored to participate and lead this initiative hand-in-hand with Minister Bains and Minister MacAuley on behalf of Prime Minister Trudeau, "said Mr. Murad Al-Katib, President and CEO of AGT.
- Each table will present a report of its findings and recommendations by summer 2018.
- These tables will support the government's goal of doubling the number of high-growth Canadian companies to 28,000 from 14,000 by 2025.
AGT Food and Ingredients Inc. Profile
AGT Food and Ingredients Inc. (AGT) is a processor of value-added pulses, staple foods and ingredients for export and domestic markets as well as a supplier of retail packaged and canned foods to retail and food service sectors. Through its offices and processing facilities located in some of the best agricultural growing regions in Canada, the U.S., Turkey, China, Australia and South Africa, merchandising and sales offices in the U.K., the Netherlands, Spain, Switzerland and India and origination offices in Russia, AGT produces a full range of pulses and specialty crops including lentils, peas, chickpeas, beans and canary seed as well as food ingredients such as pulse flours, proteins, starches and fibres. Through its subsidiaries in Turkey, the Arbel Group, AGT also produces staple foods such as Arbella Pasta, rice, and milled wheat products, including bulgur and semolina.
Certain statements in this press release may be forward-looking statements. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable by AGT at the time of preparation, may prove to be incorrect. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements in the Canadian agriculture and food sector and in no way should any forward looking statements herein be imputed or applied to the results of AGT. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. AGT expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.
SOURCE AGT Food and Ingredients Inc.
For further information: Investor Relations: Omer Al-Katib, (306) 244-1318, [email protected]