Vopak acquires bulk liquid storage terminal in Port Kandla, India

Vopak acquires bulk liquid storage terminal in Port of Kandla, India

3:55 PM, 8th July 2011
Vopak acquires bulk liquid storage terminal in Port of Kandla, India

ROTTERDAM, THE NETHERLANDS: Vopak enters the fast growing Indian market through the acquisition of 100 per cent shares in CRL Terminals Pvt Ltd in the Port of Kandla from a domestic operator. Vopak Terminal Kandla, as it will be named, consists of 121 tanks with connections to 5 shared jetties owned and operated by the Port of Kandla. The terminal will continue to serve existing international and domestic customers. At the same time, Vopak will support its international customers that require independent tank storage and handling services to transport products to India.

The Kandla terminal is one of India’s largest independent storage facilities for chemicals and vegetable oils and consists of two sites with a total capacity of 261,600 cubic metre (cbm). Located on the West coast of India, the Port of Kandla is one of the busiest and largest for chemicals and vegetable oil imports. The port has good logistic connections with the hinterland of northern India and the reater Gujarat area where most of India’s chemical industries are located.

“India is seeing rapid growth in the production and consumption of petrochemicals and vegetable oils. The acquired storage terminal in the Port of Kandla is well positioned to support the logistic product flows. After establishing a strong position in rapidly developing economies as Brazil and China, this acquisition is important for Vopak in gaining an immediate presence in the fast growing Indian market,” said Eelco Hoekstra, Chairman of the Executive Board, Vopak.

(C) WOC News





Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

CSB Investigation: DuPont guilty of safety deficiencies

CHARLESTON, WEST VIRGINIA: A series of preventable safety shortcomings - including failure to maintain the mechanical integrity of a critical phosgene ...

Read more
Sherwin-Williams completes acquisition of Leighs Paints in UK

CLEVELAND, US: The Sherwin-Williams Company has completed the acquisition of Leighs Paints. With this acquisition, Sherwin-Williams will strengthen th ...

Read more
Praxair to supply hydrogen to Hemlock Semiconductor in US

DANBURY, US: Praxair Inc has signed a multi-year contract with Hemlock Semiconductor LLC to supply high-purity hydrogen to its new $1.2 billion polysi ...

Read more
Foster Wheeler gets contract for a delayed coker heater in Argentina

  ZUG, SWITZERLAND: Foster Wheeler AG’s subsidiary of its Global Engineering and Construction Group has been awarded a contract by YPF SA ...

Read more
Promising fire retardant results when clay nanofiller has space

  GAITHERSBURG, US: The materials scientists, a team from National Institute of Standards and Technology (NIST) and University of Maryland (UMD) ...

Read more
Dow and Ube form joint venture to manufacture electrolytes

TOKYO, JAPAN/MIDLAND, US: The Dow Chemical Company and Ube Industries, Ltd will form a joint venture to manufacture and market formulated electrolytes ...

Read more
www.worldofchemicals.com uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X