Our Saskatchewan Economy
From the data that the Government of Saskatchewan collected, we can see that 94% of products produced in Saskatchewan have the resources needed, in the province.
Our province is provided with various industries such as grains, oil, uranium, livestock, wood and precious stones. The Saskatchewan Provincial Outlook, said that we will be able to launch ourselves outside of recession, meanwhile our provincial economy will be weak since we are only expected to increase 0.2% in real GDP growth, the number provided is based on the research done by The Conference Board of Canada. The province’s mining sector continues to suffer from lower oil, uranium, and potash prices, but the job market has been shedding jobs.
Our Population Growth
Our province has a population of around 1.2 million people, our province’s annual population growth rate was the fourth largest of all provinces and territories. Last year Saskatchewan reproduced 15,743 children, but there was also 9,846 deaths, that means that there was an increase of 5,897 people.
Immigration also helped our population grow, it was stated that 11,256 people immigrated to Saskatchewan from around the world. Saskatchewan also got 19,540 from other provinces, but lost 23,184 residents. The numbers are growing, but that also affects our community in a bad way, an estimation of 5,000 jobs will be lost. As a whole, that means the population grew by 13,509 as of January 1, 2016. This shows a provincial growth rate of 1.26%, 0.06 percent greater than what was reported in January 2015.
AGT Foods: today’s top grain producer in Saskatchewan
Owner and Revenue Information
The owner and founder of AGT Foods is Murad Al-Katib. At the start, AGT Foods had the name of Saskcan Pulse Trading, Murad started this firm in 2001. This company then grew on to bigger things, that now provide daily grains around the world. Murad Al-Katib earned Saskatchewan’s Entrepreneur of the Year in 2016, Murad is leading on AGT Foods, and they are the 9th biggest company in Saskatchewan.
Last year Murad and the rest of AGT Foods, obtained a revenue of $442.29m in the third quarter of 2016, they have not posted their final revenue of the whole year yet. They also earned a revenue of $438.66m in the second quarter and finally $441.39m in the first. In 2015 they achieved a revenue of $1.7b.
Product and Facilities
AGT Foods facilities and divisions are located everywhere, their main facility is in Regina, Saskatchewan. Some others are located in China, South Africa, USA, Europe, Australia, Turkey and many more, AGT Foods is found over 120 countries and spans through all major continents. AGT Foods does business with the Arbel Group, this is a group in Turkey that does business with them so that they can provide their nutritious grains in Turkey. AGT Foods is a worldwide company that produces grains. AGT Foods today is the top grain producing company in Saskatchewan, they sell lentils, peas, chickpeas, beans, rice, pasta, semolina, bulgur wheat and some other products. AGT Foods is one of the top reasons on why Saskatchewan produces 65% of the world’s lentils, and 55% of the world’s peas.
How AGT Has an Advantage
According to Murad Al-Katib and the rest of AGT Foods they say that “Our commitment to innovation and drive to constantly improve our facilities and proprietary production technologies gives us our competitive advantage. Our advantage is your advantage.”. The reason why they are up there is obviously because they strive to be the best they can be, as you can see they want to constantly improve their facilities, so that they can provide more quality, and quantity.
If you would like to learn more about AGT Foods please watch this video.
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