Brazil: Ultracargo Announces Santos Terminal Expansion
Ultracargo concentrate its activities in the liquid bulk storage business, a segment in which it has a leading position and will continue to seek opportunities to leverage the benefits of a growing demand for logistics infrastructure in Brazil.
In October 2010, Ultracargo announced the expansion of the storage capacity of its terminal in Santos by 46,000 m³, with an estimated investment of R$ 62 million for 2011. The expanded operations are expected to start up in early 2012. This expansion represents a growth of 18% in Santos terminal’s capacity and 7% in Ultracargo’s overall storage capacity,
strengthening Ultracargo’s position in the port of Santos’ region and reinforcing its operating scale.
Source: tankterminals, November 19, 2010;