Business
SunOpta Announces New Contracts for Opta Minerals Magnesium Desulfurization Products
SunOpta Announces New Contracts for Opta Minerals Magnesium Desulfurization Products.
About this update from Sunopta Inc.
[{"type":"text","content":"\n\n\n\nTORONTO, March 9 /CNW/ - SunOpta Inc. (SunOpta or the Company)\n(Nasdaq:STKL) (TSX:SOY) today announced two new contracts for a total of\napproximately $12,000,000 covering the supply of magnesium desulfurization\nproducts to two major integrated steel mills in Canada and the US. These\ncontracts are renewable and are expected to grow each year.\n\n\nOpta also announced that it will commence commercial production of these\nproducts in the 2nd quarter at the Waterdown, Ontario facility. This expansion\nwill give Opta three facilities focused on the production of magnesium based\nreagents and slag conditioners located in Indiana, Ontario and Michigan.\n\n\nSteve Bromley, President and CEO of SunOpta commented that "we are very\npleased to see this rapid growth in Opta Minerals resulting from the\nacquisition of MagTech Inc. a year ago and to be able to provide back up\nproduction facilities for our customers".\n\n\nAbout SunOpta Inc.\n\n\nSunOpta Inc. is an operator of high-growth ethical businesses, focusing\non integrated business models in the natural and organic food, supplements and\nhealth and beauty markets. The Company has three business units: the SunOpta\nFood Group, which specializes in sourcing, processing and distribution of\nnatural and organic food products integrated from seed through packaged\nproducts; the Opta Minerals Group, a producer, distributor, and recycler of\nenvironmentally friendly industrial materials; and the SunOpta BioProcess\nGroup (soon to become SunOpta BioProcess Inc.) which engineers and markets\nproprietary steam explosion technology systems for the pulp, bio-fuel and food\nprocessing industries. Each of these business units has proprietary products\nand services that give it a solid competitive advantage in its sector.\n\n\nForward-Looking Statements\n\n\nCertain statements included in this press release may constitute\n"forward-looking statements" within the meaning of the United States Private\nSecurities Litigation Reform Act of 1995. These forward-looking statements\ninclude, but are not limited to references to business strategies, competitive\nstrengths, goals, capital expenditure plans, business and operational growth\nplans and references to the future growth of the business. These forward\nlooking statements are based on certain assumptions and analyses m...