UFA Expands with New Petroleum Cardlock in Saskatchewan
Deal News | Feb 12, 2025 | EIN
The United Farmers of Alberta Co-operative Limited (UFA) has announced the investment in a new Petroleum Cardlock facility at the Global Transportation Hub Authority (GTH) in Regina, Saskatchewan. This expansion is a part of UFA's strategic growth within the province, marking the ninth such facility in Saskatchewan and the sixth under their current expansion phase. Situated at the GTH, which serves as a vital transportation and logistics hub for western Canada, the new Cardlock is expected to support agricultural and commercial customers by offering high-speed satellite pumps and modern amenities. The GTH provides an advantageous location for import and export activities, which aligns with UFA’s objectives to strengthen regional economic ties and expand its co-operative network. This development is concurrent with Saskatchewan's economic growth, especially in agriculture, energy, and transportation, as highlighted by local government officials.
Sectors
- Energy
- Transportation
- Agriculture
- Infrastructure
Geography
- Canada – The UFA Co-operative and GTH are both located in Canada, focusing on regional economic expansion.
- Saskatchewan – The expansion efforts and economic implications specifically pertain to Saskatchewan.
Industry
- Energy – The article discusses the expansion of UFA's fuel network, aligning with energy distribution.
- Transportation – The new facility is located at GTH, a significant transportation hub, highlighting the industry's importance in the article.
- Agriculture – UFA aims to benefit agricultural customers, indicating relevance to the agriculture sector.
- Infrastructure – GTH's development and its infrastructure support for logistics underline this sector's importance.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| United Farmers of Alberta Co-operative Limited (UFA) | Investing Company | Company | UFA Co-operative is expanding its fuel network with the new Petroleum Cardlock in GTH. |
| Global Transportation Hub Authority (GTH) | Facility Location | Company | An independent inland port authority hosting the new UFA facility. |
| Fred Thun | President and CEO | Person | Leading the strategic expansion of UFA in Saskatchewan. |
| Don Smith | Executive Vice President and Chief Operating Officer | Person | Involved in the strategic decision to expand UFA’s operations. |
| Daniel Hersche | President and CEO | Person | Represents GTH, emphasizing its role in economic support and infrastructure. |
| David Marit | Highways Minister | Person | Highlights the economic significance of UFA’s expansion in the province. |
| Loblaw Distribution Centre | Facility | Company | Located within the GTH, key to the area's logistics landscape. |
| CPKC Rail | Facility | Company | Operates a state-of-the-art intermodal facility at GTH. |
| Cargill | Future Facility | Company | Plans to establish a canola processing plant at GTH. |
| Trish Nixon | Public Relations | Person | PR representative for UFA Co-operative. |