Source: Businesswire

Gavilon Grain, LLC doing business as Peavey Company announced plans to construct a 1.3-million-bushel, slip-form concrete grain elevator near Altus, Okla. The new facility will be capable of unloading up to 50 trucks, or 60,000 bushels, per hour and loading 110-car shuttles at 60,000 bushels per hour, or one car in less than four minutes. The high-speed shuttle-loading facility is expected to receive grain from the 2010 wheat harvest.

"We are pleased to be expanding into southwest Oklahoma to serve area producers," said Matt Gibson, Gavilon Grain's director of merchandising and operations, western region. "The Altus location will complement our existing grain elevators in the surrounding region, including the Port of Catoosa in Oklahoma, and Saginaw and Wichita Falls in north Texas."

Original press release