ao link
Filter content by area of interest
Handling Equipment/Systems
Ports & Terminals
Transport & Distribution
Materials & Commodities
ICT & Telecoms
Civil Engineering
Safety & Security
 View all Topics View all Topics A-Z
More View all Topics View all Topics A-Z

You are viewing this article with our compliments. 

register  or  login  to manage your newsletter preferences and to prevent this message from appearing.

Vale signs JV for port concession

Vale has announced that it has signed an agreement to form a joint venture with its subsidiary Vale Fertilizantes S.A. to exploit the concession of the maritime terminal, Terminal Ultrafertil (TUF), located near Santos, in the state of São Paulo.
Linked InTwitterFacebookeCard
The maritime terminal handles imported cargo such as sulphur, ammonia and fertilisers in general, being strategically linked to Vale’s railway system.

Vale will pay R$ 150M (US$ 95M) for the acquisition of 51% of the joint venture and will invest R$ 432M (US$ 274M) to finance the investment programme of TUF, it said.

“The joint venture positions Vale to meet the growth of agribusiness in Brazil, while contributing to enhance the logistics infrastructure for our fertiliser business paving the way for its expansion over the next few years,” Vale said in a statement.

Linked InTwitterFacebookeCard

You may also like these related articles...

BAMIN wins bid to operate FIOL railway in Brazil

Large rice vessel operation in Ipswich port

Bulk transhipper breaks size record in UAE

Tilbury Grain Terminal silo rebuild begins

Glencore divests Mopani Copper Mines in Zambia

British Steel investing £100M to improve performance

Linked In