APM Terminals readies Lazaro Cardenas for TEC2 in Mexico
Time：2016-03-24
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Despite lagging economic growth, adding 1.2 million TEU annual capacity to Mexico`s port infrastructure will have an immediate impact on Mexico`s trade growth, says the port operator in a press release.
"Mexico is not only the second-largest economy in Latin America, but one of the world`s Top 15 manufacturing economies, and one of the world`s top five carmakers," said APM Terminals CEO Kim Fejfer.
"We feel that investing in Mexico`s continuing economic and trade progress is a sound business strategy," he said.
Manufacturing, and the supply of components destined for Mexican factories for assembly and export to the US as well as overseas, has become an increasingly important Mexico`s $1.16 trillion economy, said the company statement.
Mexican President Enrique Pena Nieto has emphasised that the implementation of recent reforms enacted by the Mexican government along with 44 trade agreements now in place, have positioned Mexico as one of the most attractive economies for global investment opportunities.
With the completion of the APM Terminals acquisition of Grup Maritim TCB`s Latin American assets, the APM Terminals Global Terminal Network has added operations in Puerto Progreso, on Mexico`s Gulf Coast.
APM Terminals` other Latin American operations now include interests in two terminals in Colombia, one in Peru, one in Argentina, and four in Brazil, with new terminals also in development in Quetzal, Guatemala and Moin, Costa Rica.