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Contact Person : Lily Chan / Anthony Tam
Telephone : (852) 2619 7557
Fax : (852) 2612 0083
E-mail : gca@hph.com.hk
[26 August 2005 - Hong Kong] - Hutchison Port Holdings (HPH) is pleased to announce that it will invest in a roll-on roll-off (ro-ro) terminal in the Laem Chabang Port, Thailand.
A new joint venture company, formed by an HPH-led consortium, has been awarded a 30-year concession to build and operate a new ro-ro terminal in Laem Chabang deep-sea port, with the capability of also handling general cargo.
Commenting on the investment, John Meredith, Group Managing Director of HPH said, "This award is further testament to HPH's operational capabilities in the Port of Laem Chabang. Thailand is now the automotive manufacturing hub in Southeast Asia and investing in this new ro-ro terminal is clearly in alignment with our business strategy. The additional ro-ro and general cargo facilities will provide value-added services to our customers in the Port of Laem Chabang as it strives to become the region's transport hub."
In terms of facilities, the ro-ro terminal will have a total quay length of 500 metres and a depth alongside of 16 metres.
Apart from the new ro-ro terminal, HPH carries a strong presence in Laem Chabang with its container terminal facilities at Thai Laemchabang Terminal and Hutchison Laemchabang Terminal, under which six container terminals will be developed.
Laem Chabang is located in the middle of industrial and manufacturing zones, home to many of the world's largest producers and manufacturers.
Notes to Editors:
Hutchison Port Holdings (HPH), a wholly-owned subsidiary of the multinational conglomerate Hutchison Whampoa Limited (HWL), is the world's leading port investor, developer and operator with interests in 19 countries throughout Asia, the Middle East, Africa, Europe and the Americas.
Today, HPH operates a total of 236 berths in 40 ports together with a number of transportation related service companies. With industry recognized core competence in the effective and efficient management and operation of ports, the HPH Group handled 47.8 million TEU in 2004.
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