Port of Progreso operator APM Terminals Yucatán has revealed plans to expand and modernise the port’s container terminal in Yucatan Peninsula, southern Mexico.
The investment will see the terminal’s yard capacity be expanded by 20% at a cost of $714,000.
Two new reach stackers will be acquired to increase operational productivity. One of them has already been delivered to the company.
In order to offer an efficient transactional process in the terminal, a digital client portal will be launched along with software optimisation.
APM Terminals Yucatan managing director Martijn Koolen said: “We are committed to the long-term sustainable development of the region and are delighted to announce that we have signed an addendum with the port authority to commence a 20% expansion of the yard to support the region’s growing trade needs, as well as other investments to improve productivity and efficiency.
“This represents a significant additional investment on top of the $22.6m that has already been invested in the terminal since the concession began in 2005.”
The company also noted that the investment in the terminal will meet the growing demand from the region’s importers, exporters and shipping lines.
Koolen added: “Our vision is to provide customers with a fully-fledged logistics zone to help importers/customer manage their end-to-end supply chains.”
The economic growth of the region has helped to almost double the terminal’s volumes from 80,000 to 140,000 twenty-foot equivalent unit (TEU) throughput in the past two years.
The terminal expects to witness a 20% to 35% growth in volume this year. It has created 82 direct jobs and approximately 1,000 indirect jobs across the logistics chain in the region.
It provides direct connections with the US and Europe.