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.

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