APM Terminals to Participate in ”CONGO TERMINAL”
Will be part of Bollore Africa Logistics’ project at Port of Pointe-Noire
Press Release: May 1, 2009
The Hague, Netherlands – APM Terminals is pleased to announce that it will be a member of the Bolloré Africa Logistics consortium which has been selected to develop a new deepwater container terminal at the Port of Pointe-Noire in the Republic of the Congo.
In December 2008 the French-based Bolloré Group signed a 570 million Euro ($798 million USD) 27-year concession agreement with the Congolese Government which provides for the modernization of the largest deep water port in the Gulf of Guinea, a natural gateway to the increasingly important Central African region. Plans include expanding the current 17 hectares (42 acre) facility to 38 hectares (94 acres) with the annual throughput capacity of 300,000 TEUs to be doubled within eight years. The new terminal will be able to accommodate vessels as large as 7000 TEU capacity. APM Terminals and Bolloré Africa Logistics, the largest transportation and logistics network in Africa, have a long and close association which includes facilities at the West African ports of Abidjan, Ivory Coast; Douala, Cameroon and Tema, Ghana.
About Bollore Group and Bolloré Africa Logistics
It is now a player in plastic films for capacitators and packaging, electric batteries, thin papers, transport in Africa (freight forwarding and stevedoring, railways) and international logistics, fuel distribution and dedicated terminals and systems. Since the year 2000, the Group has been investing in communication and the media, in order to become a significant player in the industry. Today, the Group has interests in Digital Terrestrial 1 Television (DTT), freesheets, logistics for the film and TV industry, advertising, market research and telecommunications.
In addition to these lines of business, the Group manages extensive financial assets including plantations and financial holdings.
Listed on the stock exchange, the majority of the Groups’ equity is controlled by the Bolloré family. This shareholder stability enables it to pursue an investment policy focused on value creation in the long term. The Group has 32,000 employees worldwide. Bolloré consolidated turnover stood at € 7 326 million, up 14,5% on 2008.
About APM Terminals
APM Terminals, with over USD 3 billion in revenues and over 60 customers in the containership industry, is one of the world’s leading providers of container port operations in 34 countries. Leveraging years of shipping experience and the strength of the A.P. Moller-Maersk Group, APM Terminals provides the port capacity and high productivity operations necessary to serve the constantly changing needs of the international trade sector. With world headquarters in The Hague, Netherlands and a Global Terminal Network of 50 ports, including 26 port projects, APM Terminals’ goal is to become the port industry’s leading operator. The company invested USD 723 million in new ports and port projects in 2008, complementing 2007's investments of USD 850 million.
APM Terminals