Rogers Sugar

Rogers Sugar Announces a $110 Million Equity Offering to Fund a Portion of its Sugar Capacity Expansion Project

Retrieved on: 
Monday, February 26, 2024

The sale of Common Shares is pursuant to a bought deal public offering (the “Public Offering”) and two concurrent non-brokered private placements (the “Concurrent Private Placements” and, collectively with the Public Offering, the “Equity Offerings”).

Key Points: 
  • The sale of Common Shares is pursuant to a bought deal public offering (the “Public Offering”) and two concurrent non-brokered private placements (the “Concurrent Private Placements” and, collectively with the Public Offering, the “Equity Offerings”).
  • In addition, longtime Rogers Sugar shareholder Belkorp Industries Inc. (“Belkorp”) has agreed to purchase approximately $10 million of Common Shares, also by way of a concurrent private placement.
  • The Expansion Project will increase the production capacity of Lantic’s Montreal plant by approximately 20%, or 100,000 metric tonnes.
  • The total investment for the Expansion Project is estimated at approximately $200 million.

Rogers Sugar Announces Ratification of Agreement With Union Representing Striking Workers at Vancouver Sugar Refinery

Retrieved on: 
Thursday, February 1, 2024

VANCOUVER, British Columbia, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Rogers Sugar Inc. (the “Company” or “Rogers Sugar”) (TSX: RSI) today announced that unionized workers at its Vancouver refinery have ratified a five-year labour agreement, bringing to an end a strike that began on September 28, 2023.

Key Points: 
  • VANCOUVER, British Columbia, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Rogers Sugar Inc. (the “Company” or “Rogers Sugar”) (TSX: RSI) today announced that unionized workers at its Vancouver refinery have ratified a five-year labour agreement, bringing to an end a strike that began on September 28, 2023.
  • The Vancouver refinery employs approximately 140 unionized workers.
  • “We believe this agreement meets the needs of the employees and the organization, and it enables us to serve our customers, increase output and meet growing demand for our product,” said Mike Walton, President and Chief Executive Officer of Rogers Sugar.
  • “We are pleased that the workers at our Vancouver refinery have ratified this agreement, and we look forward to returning to full production in Vancouver to support our customers in Western Canada.”
    The Vancouver refinery is operated by Lantic, a wholly owned subsidiary of Rogers Sugar.

Rogers Sugar Responds to Union Rejection of Global Proposal

Retrieved on: 
Friday, December 15, 2023

VANCOUVER, British Columbia, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Rogers Sugar Inc. (the “Company” or “Rogers Sugar”) (TSX: RSI) today announced that the Public and Private Workers of Canada (PPWC) Local 8 representing workers at the Company’s Vancouver refinery has rejected the latest global proposal by the Company.

Key Points: 
  • VANCOUVER, British Columbia, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Rogers Sugar Inc. (the “Company” or “Rogers Sugar”) (TSX: RSI) today announced that the Public and Private Workers of Canada (PPWC) Local 8 representing workers at the Company’s Vancouver refinery has rejected the latest global proposal by the Company.
  • We have put forward our best efforts to resolve the current impasse, including offering several improvements during negotiations.
  • There is an ample supply of white sugar in the market, and we have restarted the production of brown sugar in Vancouver.
  • We are hopeful that, by moving to continuous operation, the Vancouver plant can continue to be part of this long-term solution.”

Rogers Sugar Announces Strike Action at Its Vancouver Refinery

Retrieved on: 
Thursday, September 28, 2023

VANCOUVER, British Columbia, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Rogers Sugar Inc. (the “Company” or “Rogers Sugar”) (TSX: RSI) today announced that Public and Private Workers of Canada (PPWC) Local 8 has initiated strike action following a failure to agree on terms for a new collective agreement for its members at the Vancouver refinery.

Key Points: 
  • VANCOUVER, British Columbia, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Rogers Sugar Inc. (the “Company” or “Rogers Sugar”) (TSX: RSI) today announced that Public and Private Workers of Canada (PPWC) Local 8 has initiated strike action following a failure to agree on terms for a new collective agreement for its members at the Vancouver refinery.
  • On September 25, 2023, PPWC Local 8 issued a 72-hour strike notice to the Company to take effect at September 28, 2023 at 11:43 a.m. Pacific Time.
  • In advance of this deadline, Rogers Sugar made the decision to idle the Vancouver plant, to ensure an orderly shutdown process that ensures the safety of all employees and the security of its facilities and operations.
  • Rogers Sugar will provide updates as the situation progresses.

Rogers Sugar Welcomes Canada Border Services Agency’s Decision to Maintain Anti-Dumping and Countervailing Duties on Imported Sugar

Retrieved on: 
Wednesday, March 30, 2022

MONTREAL, March 30, 2022 (GLOBE NEWSWIRE) -- Rogers Sugar Inc. (the Corporation) (TSX: RSI) announced today it welcomes the decision by the Canada Border Services Agency (CBSA) to maintain anti-dumping and countervailing duties on excess and subsidized sugar imported into Canada.

Key Points: 
  • MONTREAL, March 30, 2022 (GLOBE NEWSWIRE) -- Rogers Sugar Inc. (the Corporation) (TSX: RSI) announced today it welcomes the decision by the Canada Border Services Agency (CBSA) to maintain anti-dumping and countervailing duties on excess and subsidized sugar imported into Canada.
  • The CBSA determined that anti-dumping duties will continue to apply to imports of dumped sugar from the US, Denmark, Germany, the Netherlands and the UK.
  • The CBSA also ruled that a countervailing duty will continue to apply to imports of subsidized EU sugar.
  • We welcome the CBSAs decision to protect Canadian producers from unfair competition by maintaining duties on dumped and subsidized sugar from abroad, said Mike Walton, President and CEO of Rogers Sugar.

REMINDER - Rogers Sugar Inc.: Conference Call – 3rd Quarter 2021 Results

Retrieved on: 
Wednesday, August 4, 2021

VANCOUVER, British Columbia, Aug. 04, 2021 (GLOBE NEWSWIRE) -- Rogers Sugar Inc. (RSI) will be holding a conference call to discuss their 2021 third quarter results on Wednesday, August 4, 2021 at 17h30 (Eastern Time).

Key Points: 
  • VANCOUVER, British Columbia, Aug. 04, 2021 (GLOBE NEWSWIRE) -- Rogers Sugar Inc. (RSI) will be holding a conference call to discuss their 2021 third quarter results on Wednesday, August 4, 2021 at 17h30 (Eastern Time).
  • The conference call will be chaired by Mr. John Holliday, Chief Executive Officer and Mr. Jean-Sbastien Couillard, Chief Financial Officer.
  • A recording of the conference call will be accessible shortly after the conference, by dialing 1-800-770-2030, access code 9031006#.
  • This recording will be available until August 11, 2021.

Rogers Sugar Inc.: Conference Call – 3rd Quarter 2021 Results

Retrieved on: 
Thursday, July 15, 2021

VANCOUVER, British Columbia, July 15, 2021 (GLOBE NEWSWIRE) -- Rogers Sugar Inc. (RSI) will be holding a conference call to discuss their 2021 third quarter results on Wednesday, August 4, 2021 at 17h30 (Eastern Time).

Key Points: 
  • VANCOUVER, British Columbia, July 15, 2021 (GLOBE NEWSWIRE) -- Rogers Sugar Inc. (RSI) will be holding a conference call to discuss their 2021 third quarter results on Wednesday, August 4, 2021 at 17h30 (Eastern Time).
  • The conference call will be chaired by Mr. John Holliday, Chief Executive Officer and Mr. Jean-Sbastien Couillard, Chief Financial Officer.
  • A recording of the conference call will be accessible shortly after the conference, by dialing 1-800-770-2030, access code 9031006#.
  • This recording will be available until August 11, 2021.

Rogers Sugar announces closing of the private placement by Lantic of $100 million in Senior Guaranteed Notes

Retrieved on: 
Friday, April 30, 2021

b'MONTR\xc3\x89AL, April 30, 2021 (GLOBE NEWSWIRE) -- Rogers Sugar Inc. (the \xe2\x80\x9cCorporation\xe2\x80\x9d) (TSX:RSI) announced today the closing of the previously announced private placement of C$100 million 3.49% Senior Guaranteed Notes due April\xc2\xa030, 2031 (the \xe2\x80\x9cNotes\xe2\x80\x9d) of its wholly-owned subsidiary, Lantic Inc. (\xe2\x80\x9cLantic\xe2\x80\x9d).

Key Points: 
  • b'MONTR\xc3\x89AL, April 30, 2021 (GLOBE NEWSWIRE) -- Rogers Sugar Inc. (the \xe2\x80\x9cCorporation\xe2\x80\x9d) (TSX:RSI) announced today the closing of the previously announced private placement of C$100 million 3.49% Senior Guaranteed Notes due April\xc2\xa030, 2031 (the \xe2\x80\x9cNotes\xe2\x80\x9d) of its wholly-owned subsidiary, Lantic Inc. (\xe2\x80\x9cLantic\xe2\x80\x9d).
  • The Corporation holds all of the common shares of Lantic and its administrative office is in Montr\xc3\xa9al, Qu\xc3\xa9bec.
  • Lantic operates cane sugar refineries in Montreal, Qu\xc3\xa9bec and Vancouver, British Columbia, as well as the only Canadian sugar beet processing facility in Taber, Alberta.
  • TMTC\xe2\x80\x99s products include maple syrup, maple sugar and derived maple syrup products and are sold under various brand names, such as L.B.

Agreement With the Alberta Sugar Beet Growers Renewed Until 2022

Retrieved on: 
Wednesday, April 7, 2021

MONTRAL and VANCOUVER, British Columbia, April 07, 2021 (GLOBE NEWSWIRE) -- Rogers Sugar Inc. (the Corporation or Rogers Sugar) (TSX: RSI) is pleased to announce a two-year extension to the existing agreement with Alberta Sugar Beet Growers (ASBG).

Key Points: 
  • MONTRAL and VANCOUVER, British Columbia, April 07, 2021 (GLOBE NEWSWIRE) -- Rogers Sugar Inc. (the Corporation or Rogers Sugar) (TSX: RSI) is pleased to announce a two-year extension to the existing agreement with Alberta Sugar Beet Growers (ASBG).
  • We are pleased to have extended our agreement with Alberta Sugar Beet Growers (ASBG) for another two years.
  • This agreement and the supply certainty it provides are key to allowing Lantic to extend its supply agreement with major beet sugar customers in Canada and beyond, further supporting the continued growth of the beet sugar industry in Canada.
  • Lantic operates cane sugar refineries in Montreal, Qubec and Vancouver, British Columbia, as well as the only Canadian sugar beet processing facility in Taber, Alberta.

Rod Kirwan Appointed Vice President, Sales & Marketing, of Lantic Inc.

Retrieved on: 
Wednesday, February 10, 2021

MONTRAL, TORONTO and VANCOUVER, British Columbia, Feb. 10, 2021 (GLOBE NEWSWIRE) -- Rogers Sugar Inc. (the Corporation or Rogers Sugar) (TSX: RSI) is pleased to announce the appointment of Rod Kirwan to the position of Vice President, Sales & Marketing of Lantic Inc. (Lantic).

Key Points: 
  • MONTRAL, TORONTO and VANCOUVER, British Columbia, Feb. 10, 2021 (GLOBE NEWSWIRE) -- Rogers Sugar Inc. (the Corporation or Rogers Sugar) (TSX: RSI) is pleased to announce the appointment of Rod Kirwan to the position of Vice President, Sales & Marketing of Lantic Inc. (Lantic).
  • In addition, we look forward to leveraging Rods experience in acquisitions, business transformations and Sales & Operation Planning.
  • The Corporation holds all of the common shares of Lantic and its administrative office is in Montral, Qubec.
  • Lantic owns all of the common shares of TMTC and its head office is headquartered in Montral, Qubec.