Tuesday, November 13, 2012

APM Breaks Ground on $900 Million Mexico Terminal

Senior executives from APM Terminals, along with various elected and appointed Mexico officials, held a groundbreaking ceremony Nov. 9 for the new $900 million Lázaro Cárdenas Terminal 2 (TEC2) deep-water terminal at the Port of Lázaro Cárdenas.

Mexican Federal Secretary of Communications and Transportation Dionisio Perez-Jacome Friscione and Fausto Vallejo, the governor of the Mexican State of Michoacan de Ocampo, were among those on hand to formally lay the foundation stone for the Pacific Coast terminal, which would be located at Mexico’s second-busiest container port.

“The new terminal at Lázaro Cárdenas will create tremendous opportunities for the growth of international trade and new jobs for Michoacan de Ocampo and for all of Mexico,” Jorgen Nielsen, the general director of APM Terminals’ Lázaro Cárdenas operations said.

The TEC2 facility will be developed in three stages. The first, which would have an annual throughput capacity of 1.2 million 20-foot equivalent units, is expected to begin operations by the first quarter of 2015.

At full build-out, TEC2 is expected to provide shipping companies with 1,485 meters of berth, 16 ship-to-shore cranes capable of handling ultra-large container ships of 15,000 TEU capacity and above, and an annual throughput capacity of 4.1 million TEUs.

“We are very proud to be a part of Mexico’s growth, and look forward to creating a new world-class port facility which will reduce logistics costs and improve Mexico’s global competitiveness,” APM Terminals Vice President for Business Implementation, Tiemen Meester, who participated in the ceremony, said.