Weifang, 11 August 2017 - Weifang Sime Darby Port Co. Ltd. launched its liquid terminal on 9 August, expanding its range of services to provide storage and usage of terminal facilities for bulk oil and chemicals at the port.
The ceremony was held at the new Weifang Sime Darby Liquid Terminal, witnessed by the Deputy Mayor of Weifang City, Mr. Wang Shu Hua, the Director of Management Committee of Weifang Binhai Economic and Technological Development Zone, Mr. Zhang Heng Dao, the Chairman of the Dragon Crown Group, Mr Raymond Ng Wai Man, and the Managing Director of Sime Darby Logistics, Mr Timothy Lee Chi Tim.
Weifang Sime Darby Liquid Terminal is a state-of-the-art terminal project designed to meet the highest safety requirements for bulk oil and chemicals storage and distribution. The storage and terminal facilities at Weifang Port are developed in phases. Phase one with a maximum storage capacity of 406,000 cubic metres is already operational, while phase two with a maximum storage capacity of 91,000 cubic metres will be ready and operational in October this year. The final phase with a capacity of 164,000 cubic metres is currently under construction, and is expected to be completed in the first half of 2019.
The Vice Chairman of Weifang Sime Darby Liquid Terminal Co. Ltd. (WSDLT), Mr Timothy Lee Chi Tim said, “We are very excited about the opportunities and prospects of our new liquid terminal. The terminal is part of our RMB2.8 billion master expansion plan, which will put Weifang Sime Darby Port on the roadmap to achieving our aim of becoming a significant multi-purpose port in the Northeast Asian region. The launch of our liquid terminals is timely to capture the growing market for crude and refined oil, as well as chemicals in China. These commodities have benefitted from the gradual liberalisation of import and export policies in China.”
Located within the prime region of the Bohai Sea’s economic belt, Weifang Port lies strategically within the network of Longkou Port, Yantai Port, Weihai Port, Qingdao Port and Rizhao Port. Weifang Port’s prime location makes it an excellent gateway and a natural choice for cargoes from Central, Northern and Western Shandong and Weifang city.
Weifang Port’s liquid terminal will be constructed, managed and operated by Weifang Sime Darby Liquid Terminal Co. Ltd (WSDLT), a joint venture company owned in equal parts by Sime Darby Overseas (HK) Limited (SDOHK) and Dragon Crown Group Holdings Limited. SDOHK is the holding company for WSDLT and all subsidiaries operating within Sime Darby Logistics, a division within the Sime Darby Group.
About Sime Darby
Sime Darby is a Malaysia-based diversified multinational involved in key growth sectors, namely, plantation, industrial equipment, motors, property and logistics. Founded in 1910, its business divisions seek to create positive benefits in the economy, environment and society where it has a presence. With a workforce of over 120,000 employees in 25 countries and 4 territories, Sime Darby is committed to building a sustainable future for all its stakeholders. It is one of the largest companies on Bursa Malaysia with a market capitalisation of RM64 billion (USD15 billion) as at 10 August 2017.
For more information, please visit http://www.simedarby.com.
About Weifang Sime Darby Port
Weifang Sime Darby Port is operated by Sime Darby Logistics, a subsidiary of Sime Darby Berhad. Weifang Sime Darby Port, located in Shandong, China, is the largest modernised multi-purpose and comprehensive port in the Yellow River Delta, and an important feeder port within the Bohai Rim. It is a major transit port for bauxite and a key distribution centre for iron ore in central and western Shandong. It is also China’s major export port for sea salt and marine chemical products and a national designated port for dairy import in Shandong.
For more information, please visit http://www.simedarbylogistics.com.
About Dragon Crown Group Holdings Limited
Founded in 1990, Dragon Crown Group Holdings Limited is one of the leading integrated terminal service providers in China, specializing in the handling and storage of liquid petrochemical products. Currently operating the terminals in Nanjing, Ningbo and Weifang, respectively. The Group offers a comprehensive range of high quality liquid petrochemical services ranging from the loading and discharging of liquid petrochemical products at its jetties to the storage of liquid petrochemical products at its tank farm, as well as the delivery of such products by utilizing its dedicated pipelines and other terminal infrastructure.
For more information, please visit http://www.dragoncrown.com.
For further information, please contact:
Tan Yee Pheng
Sime Darby Berhad