APM Terminals Lazaro Cardenas Officially Inaugurated
- Business & Finance
The President of Mexico, Enrique Peña Nieto, joined by the Prime Minister of Denmark, Lars Lokke Rasmussen, yesterday inaugurated APM Terminals Lazaro Cardenas.
The terminal represents an investment of more than US$900 million and will offer a new gateway for trade between Mexico, a core growth market, and the rest of the world, APM said.
With the first phase of the terminal complete, APM Terminals Lazaro Cardenas covers 49 hectares, with a 750-meter quay and a depth of 16.5 meters, deep enough to accommodate the latest generation of Ultra-Large Container Ships.
The terminal is equipped with five intermodal rail tracks and offers automated gate services.
“We are working hard to make this terminal as efficient as possible for customers,” said APM Terminals Chief Commercial Officer, Henrik Lundgaard Pedersen.
“Thanks to its semi-automated processes, APM Terminals Lazaro Cardenas will offer faster turnaround times per container as well as faster intermodal transportation via its superior on-dock rail connection. The terminal’s strong geographic position on the coast and its connection with our inland terminal at Cuautitlan Izcalli in the industrial zone of Mexico City, ensures our customers have easy access to inland distribution centers and a consumer market of over 120 million people.”
The terminal, which is the second terminal for APM Terminals in Mexico after APM Terminals Yucatan, is currently performing 30% above expectations in terms of container turnaround times in March, and is expected to improve operational efficiencies per container by 20%.