APM Terminals Expands Presence in Latin America
Joe Nielsen, the former CFO for APM Terminals’ activities in the Americas Region has been named Managing Director, Latin American Terminals, as the high-growth markets of Latin America continue to be a focus area of the company’s investment planning.
Latin American container trade has been projected by Drewry Maritime Research to expand by 6.5% this year. APM Terminals is committed to participate in the modernization of infrastructure in Latin America to support this growth: “With over 550 million people and significant growth in seaborne trade, Latin America has unmet demand for access to the global logistics chain”, said APM Terminals CEO Kim Fejfer, adding “APM Terminals will pursue opportunities to facilitate trade and support economic growth”.
The company operates container terminal facilities in Callao, Peru; Buenos Aires, Argentina and Itajai and Pecém both in Brazil. Recently announced investments in Latin America by APM Terminals exceed USD 2.5 billion including construction of new facilities in Moin, Costa Rica; Lazaro Cardenas, Mexico and Santos, Brazil.
About APM Terminals – providing the port and inland infrastructure to lift global trade
APM Terminals’ Global Terminal Network of ports and inland services provide the necessary infrastructure and support for the increasing growth of international trade, 90% of which travels by sea. International commerce is an economic growth engine, creating jobs, lifting economies and helping to improve people’s lives around the world.
Dredging Today Staff, February 6, 2012; Image: apmterminals