TankTerminals.com - Vopak plan to invest in Turkey

Vopak plan to invest in Turkey

Royal Vopak announces that it has acquired GY Elyaf ve Iplik Sanayi Ticaret Anonim Sirketi from Global Yatirim Holding A.S.

Royal Vopak announces that it has acquired GY Elyaf ve Iplik Sanayi Ticaret Anonim Sirketi from Global Yatirim Holding A.S.
The principal asset of the company is a 26 ha. industrial plot of land on the coast of the Sea of Marmara in the vicinity of Yalova, Republic of Turkey. Global Yatirim Holding is expected to have direct involvement in the future of the company which aims at constructing an independent storage terminal serving the greater Istanbul area for the import of liquid bulk chemical, oil and vegetable oil products.

The industry around the Sea of Marmara is developing rapidly and major customers of Vopak have expressed an interest in utilizing independent storage facilities in this area.

The coming period will be used to obtain the required permits and to develop marketing, technical and economical plans. Thereafter a final investment decision to construct the terminal can be taken.

Article contains 146 words

Added to TankTerminals.com on: Monday, November 10, 2008 by T Quinn - GSA UK.

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