Friday, March 28, 2014
APM terminals investing in Latin American ports
Port operator APM Terminals is investing $2.5 billion in five Latin American port terminals between 2012 and 2018, according to Joe Nielsen, the company's Latin American director.
"We like what we see in Latin America and that is why we have committed to invest these $2.5 billion," Nielsen said on the sidelines of BNamericas' LatAm Ports & Logistics Summit in Panama City.
APM has one terminal at Santos port in Brazil and another at Callao in Peru, and the company is currently building a container terminal in Moín, Costa Rica and a one at the Mexican Pacific coast port of Lázaro Cárdenas.
The company sees more potential in Latin America than many other regions around the world due to the changing demographics that continue to drive up demand.
The most interesting countries from a macroeconomic point of view are those in the Pacific Alliance, he said, namely Chile, Peru, Colombia and Mexico, "but we still have a very keen eye towards Brazil, even though the macroeconomics might not have lived up to expectations over the last 12 months."
For more of the BN Americas story: bnamericas.com
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