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VPK - Koninklijke Vopak NV News Story

€49 0.9  1.8%

Last Trade - 06/12/19

Large Cap
Market Cap £5.26bn
Enterprise Value £7.56bn
Revenue £1.07bn
Position in Universe 107th / 869

Oil storage firm Vopak signs China deal, will expand Belgium, Mexico sites

Mon 4th November, 2019 6:31am
Nov 4 (Reuters) - Vopak  VOPA.AS  will develop a new joint
venture terminal in southwest China and expand its terminals in
Belgium and Mexico, the Dutch oil and chemicals storage company
said on Monday.
    The company said it will develop a terminal, along with
Shanghai Huayi Group and Guangxi Qinzhou Linhai Industrial, to
provide storage and handling for chemical manufacturing plants
in the Qinzhou Chemical Park in southwest China.
    The new industrial terminal, in which Vopak will hold 51%
share, will have an initial capacity of 290,000 cubic metres and
is expected to be commissioned in mid-2021, the company said.
    Vopak added it would expand its Linkerover terminal in the
Belgian port of Antwerp with 30,000 cubic metres, and its
Altamira terminal in Mexico with 40,000 cubic metres.

 (Reporting by Zuzanna Szymanska in Gdansk, Editing by Sherry
 ((zuzanna.szymanska@thomsonreuters.com; + 48 58 778 52 86;))
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