Logistec Corporation [TSX: LGT.A and LGT.B], a marine and environmental services provider, is pleased to announce the opening of its newly built bulk warehouses in Brunswick, Georgia. These modern buildings are a part of Logistec’s commitment to upgrade and expand its dry bulk facilities at Marine Port Terminals.
“We’re here today to move forward and start the next chapter for Marine Port Terminals. With the addition of these warehouses, we have substantially increased our throughput capacity,” said Madeleine Paquin, President and CEO of Logistec Corporation. “Logistec’s modern, specialized terminal is ideally suited to biomass cargo handling, and we look forward to working with the Georgia Ports Authority and our customers to meet long-term growth demands.”
Logistec has been operating in Brunswick since 1998 and, in 2011, began an extensive development project to completely rebuild and modernize the site. This included renovations to the previous warehouses, an overhaul of the bulk load-out system, construction of a new ship loader, and significant upgrades to the conveyor systems.
In 2014, Logistec reached an agreement with the Georgia Ports Authority to make additional improvements to the terminal. This ambitious five-year upgrade project includes electrical and rail upgrades, new domes, a new tower and conveyor, paving, infrastructure rehabilitation, and dust and traffic control measures.
“We welcome Logistec’s announcement of the completion of its newly built wood pellet storage at the East River Terminal. The state-of-the-art facilities we’re celebrating today will aid GPA’s efforts to support Georgia’s forest products sector,” said Griff Lynch, Executive Director of the Georgia Ports Authority.
Logistec’s expanded facilities at Marine Port Terminals are equipped for a variety of dry bulk products. In addition to wood pellets and export cargo for the biomass market, Logistec currently handles fertilizer, urea, salt, perlite, aggregates, and animal feed.
About Logistec
Logistec Corporation is based in Montréal (Québec) and provides specialized services to the marine community and industrial companies. It offers bulk, break-bulk and container cargo handling in some 30 ports and 40 terminals located in eastern North America. In addition, Logistec offers marine transportation services geared primarily to the Arctic coastal trade, short-line rail transportation services, as well as marine agency services to foreign shipowners and operators serving the Canadian market.
Logistec also operates in the environmental sector where it provides services to industrial, municipal and governmental customers for the trenchless structural rehabilitation of underground water mains, regulated materials management, site remediation, risk assessment, and manufacturing of woven hoses.
A public company since 1969, Logistec’s shares are listed on the Toronto Stock Exchange (TSX) under the ticker symbols LGT.A and LGT.B. For more information, please visit lgt.logistec.com
For more information:
| Jean-Claude Dugas, CPA, CA Vice-President, Finance Office: (514) 985-2345 E-mail: jdugas@logistec.com |
Emily Toms Manager, Communications and Marketing Office: (514) 985-2380 E-mail: etoms@logistec.com |
Forward-Looking Statements
For the purpose of informing shareholders and potential investors about the Company’s prospects, sections of this document may contain forward-looking statements, within the meaning of securities legislation, about the Company’s activities, performance and financial situation and, in particular, hopes for the success of the Company’s efforts in the development and growth of its business. These forward-looking statements express, as of the date of this document, the estimates, predictions, projections, expectations or opinions of the Company about future events or results. Although the Company believes that the expectations produced by these forward-looking statements are founded on valid and reasonable bases and assumptions, these forward-looking statements are inherently subject to important uncertainties and contingencies, many of which are beyond the Company’s control, such that the Company’s performance may differ significantly from the predicted performance expressed or presented in such forward-looking statements. The important risks and uncertainties that may cause the actual results and future events to differ significantly from the expectations currently expressed are examined under “Business Risks” in the Company’s annual report and include (but are not limited to) the performances of domestic and international economies and their effect on shipping volumes, weather conditions, labour relations, pricing and competitors’ marketing activities. The reader of this document is thus cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to update or revise these forward-looking statements, except as required by law. Additional information relating to our Company can be found on SEDAR’s website at www.sedar.com and on Logistec’s website at lgt.logistec.com.