More companies are choosing TecPlata, a subsidiary of International Container Terminal Services, Inc. (ICTSI) in Buenos Aires as Argentina’s preferred international trading gateway, with two big companies added to its growing number of clients.
State-owned energy firm Yacimientos Petroliferos Fiscales (YPF), and the Argentine subsidiary of Dow Chemicals recently signed agreements with TecPlata to handle their cargo and service their import-export needs. Both companies operate several facilities in greater Buenos Aires, which hosts a bustling petrochemical industry.
Initially, YPF has started to export lubricant products to the city of Santos in Brazil and import raw materials from Pecem, one of the most important ports in the Brazilian state of Ceará. YPF’s chemical division has already started to ship ISO tanks to Brazil from TecPlata.
Dow meanwhile will export polyethylene (PE) from TecPlata to the Port of Itajaí, in Santa Catarina in southern Brazil.
Log-In, among the shipping clients calling at TecPlata, will facilitate the transport of these materials through its regular calls to Brazil.
Welcoming this latest development, Bruno Porchietto, TecPlata chief executive officer, said: “These agreements are very important for us, and fill us with optimism towards our goal of bringing the terminal to the highest level of capacity. The fact that these two companies, YPF and Dow Chemical, transport part of their cargo through our terminal is an encouraging sign that we are on the right track.”
TecPlata is the country’s first port of call due to its easy access to sea lanes. With state-of-the-art infrastructure, equipment and computer systems, the terminal is free of congestion, giving it a strategic advantage to become the preferred gateway for the country’s various agro-industrial products.
Tecplata S.A., ICTSI’s terminal in Buenos Aires, Argentina
About TecPlata S.A.
In October 2008, TecPlata S.A. was granted a 30-year concession to build and operate an all-purpose port terminal in the greater Buenos Aires area in Argentina by the Consorcio de Gestion del Puerto La Plata. Built with an investment of US$450 million, TecPlata is Argentina’s most modern container terminal with an initial capacity of 450,000 twenty-foot equivalent units (TEU) capacity, and capable of being extended of up to 1 million TEUs in the second phase. (www.tecplata.com)
About International Container Terminal Services, Inc.
Headquartered and established in 1988 in Manila, Philippines, International Container Terminal Services, Inc. (ICTSI) is in the business of port operations, management and development. ICTSI’s portfolio of terminals and projects spans developed and emerging market economies in the Asia Pacific, the Americas, Europe, Middle East and Africa. ICTSI has received global acclaim for its public-private partnerships with governments divesting of their port assets to the private sector. (www.ictsi.com)