Westports eyes 80 pct contribution to Port Klang's overall container volume
Last update: 10/09/2019
KUALA LUMPUR, Sept 10 -- Westports Holdings Bhd expects to contribute about 80 per cent to Port Klang’s overall container volume as the logistics company should handle a record of more than 10 million twenty-foot equivalent unit (TEUs).
Group managing director Datuk Ruben Emir Gnanalingam said Westports should be able to achieve a double-digit percentage growth rate this year over the previous year based on its current growth momentum.
“As we look forward, Westports is finalising the layout design for the expansion of our container terminal facilities and also additional wharves for the conventional business segment.
“These expansions would pave the way for significant further growth in the coming decades as we serve our customers, international container shipping alliances and local logistics stakeholders,” he said in a filing with Bursa Malaysia today.
Westports is celebrating its 25th anniversary as the company becomes the fastest growing terminal while transforming Port Klang into the 12th busiest port globally and the 9th best-connected port in the world.
The company commenced its operations in 1994 and was one of the privatisation initiatives under the then and now Prime Minister, Tun Dr Mahathir Mohamad.
Throughout the past 25 years, Westports has handled a cumulative total of more than 110 million TEUs of container throughput and 250 million tonnes of many types of conventional cargo – by weight, the total shipments handled is more than 1.3 billion metric tonnes.