Federated Co-operatives Limited reports combined revenue of $9.8 billion in 2017.
CEO Scott Banda says there were increased petroleum sales at the retail level and strong performance in ag business. Sales of crop supplies, which include revenue from two new fertilizer terminals, topped $1 billion for the first time. FCL is marking its 90th anniversary this year. Banda says, the company continues to build on the diversity of the organization through targeted investments and balanced growth.
In 2017, FCL opened fertilizer terminals in Hanley and in Brandon, Manitoba. It opened a propane distribution facility in Dryden, Ontario. FCL also began utilizing a new petroleum distribution hub in Ashcroft, B.C.