APM Terminals Yucatán has announced a massive investment plan to expand and modernize the Progreso container terminal at the Port of Progreso, Mexico, to support trade growth in the region.
According to a statement, previous investments over the past two years have doubled the terminal’s its volumes from 80,000 to 140,000 TEU and APMT expects it to grow by a further 35% this year.
The investment will include a 20% yard capacity expansion, the acquisition of two new reach stackers and the launch of the digital client portal to streamline transactional efficiency.
The terminal connects region to Europe and the US with five vessels a week and APMT says it will continue to facilitate the growth in trade and meet the “evolving” needs of imports and exporters in the region.
Martin Koolen, Managing Director, APMT Yucatan, 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 USD 22.6 million that has already been invested in the terminal since the concession began in 2005.
“Our vision is to provide customers with a fully-fledged logistics zone to help importers/customer manage their end-to-end supply chains,” Koolen added.
The terminal currently employs 82 direct staff and generates approximately 1,000 indirect jobs across the logistics chain.