MANILA's International Container Terminal Services Inc's (ICTSI) subsidiary in Mexico, Contecon Manzanillo (CMSA), recently started its third phase expansion project, which will increase its capacity from 1.4 million to more than two million TEU within the next five years.
The third expansion phase will enable the Port of Manzanillo - on the Pacific Coast of Mexico - to expand its operational capacity and cater to the country's current and future foreign trade requirements.
'Manzanillo is the most important node of international logistics in the Pacific coast of Mexico, and it will continue to be so. We are convinced that this expansion, as well as the construction of land access to the northern zone of the terminal and the acquisition of new inspection equipment for customs, will consolidate and strengthen the port's position among competitors,' said CSMA chief executive Jose Antonio Contreras.
'This port is designed to meet present and future needs, as well as handle 400-metre ships. If the port wins, we all win - from our clients to the families of our employees,' he said.
The ambitious investment plan for 2022 to 2025 would cost more than US$230 million, which will mainly be utilised to upgrade shipping and terminal infrastructure, storage yards and equipment. The capacity increase to two million TEU will position Contecon as the largest terminal in Mexico's Pacific coast.
The company has invested around $122 million in port equipment since starting operations, contributing more than $238 million in port considerations to Mexico's port infrastructure and generating employment for more than 1,200 people. With these actions, CMSA reaffirms its commitment to the development of the State of Colima and its people, and the Port of Manzanillo's position as a strategic point for Mexico's supply chain.
SeaNews Turkey
The third expansion phase will enable the Port of Manzanillo - on the Pacific Coast of Mexico - to expand its operational capacity and cater to the country's current and future foreign trade requirements.
'Manzanillo is the most important node of international logistics in the Pacific coast of Mexico, and it will continue to be so. We are convinced that this expansion, as well as the construction of land access to the northern zone of the terminal and the acquisition of new inspection equipment for customs, will consolidate and strengthen the port's position among competitors,' said CSMA chief executive Jose Antonio Contreras.
'This port is designed to meet present and future needs, as well as handle 400-metre ships. If the port wins, we all win - from our clients to the families of our employees,' he said.
The ambitious investment plan for 2022 to 2025 would cost more than US$230 million, which will mainly be utilised to upgrade shipping and terminal infrastructure, storage yards and equipment. The capacity increase to two million TEU will position Contecon as the largest terminal in Mexico's Pacific coast.
The company has invested around $122 million in port equipment since starting operations, contributing more than $238 million in port considerations to Mexico's port infrastructure and generating employment for more than 1,200 people. With these actions, CMSA reaffirms its commitment to the development of the State of Colima and its people, and the Port of Manzanillo's position as a strategic point for Mexico's supply chain.
SeaNews Turkey