News
ATI will
spend P2.2
billion this
year
Asian Terminals Inc. (ATI) is
expanding Manila South Harbor’s
capacity by 20 percent by adding
four hectares or four new blocks
of land in addition to its present
40 hectare container yard
capacity in anticipation of growth
in cargo volume.
16
E
ven before the congestion starts, ATI is
getting ready by constantly investing in South
Harbor in terms of new equipments and in
terms of land expansion. We are investing
US$50 million this year, $50 million next
year and $50 million in 2016 for a total of
US$150 million or P6 billion,’’ Andrew Hoad, ATI
executive vice president stressed.
Of the total investment, ATI will spend P2.2 billion
this year for the acquisition of more container-handling
equipment, rehabilitation of piers, upgrade of port
systems and technologies development, and new
container storage areas within Manila South Harbor
expanded zone port.
The bulk of the company’s investments amounting to
80-90 percent will go to Manila South Harbor while the
rest will go to Batangas Port which they also operate.
ATI revenues grew by 26.6 percent to P3.9 billion
versus the same period last year, due to higher container
volumes in both Manila and Batangas and the growth
of roll on-roll-off cargoes at Batangas Port.
For the first half of the year, ATI reported a net
income of P933 million, 80.3 percent higher than the
same period last year, driven by increased port activities
in Manila South Harbor and Batangas Port.
ATI Batangas Container Terminal sustained its
growth momentum into the second quarter where
container throughput further accelerated by as much
as 254 percent ,up from 194 percent volume upsurge
during the first quarter. First half volumes surpasses the
2013 full year mark.