Ambassador of China to Brasil Yang Wanming visited CMPort’s TCP project in Brasil
On 14 March 2018 Brasil time, Mr. Yang Wanming, Ambassador Extraordinary and Plenipotentiary of the People's Republic of China to the Federative Republic of Brasil, accompanied by the ambassador's wife, Counselor Lu Yanliu, and the Political Counselor and Consul General Xiong Lichun, visited Paranaguá Container Terminal ("TCP")，an investment of China Merchants Port Holdings Company Limited ("CMPort"). Ambassador Yang listened to detailed management briefings and investigate the terminal site, he highly appreciated the operation and management of TCP.
The management team briefed Ambassador Yang with TCP's existing liner routes coverage and the basic situation of Brasil's container trade with other countries. Ambassador Yang expressed his concern on the integration of Sino-Brasil culture after CMPort’s acquisition. TCP CEO Luiz Alves responded that since the project was delivered in February 2018, both the local staffs of TCP and the expatriates of CMPort made efforts to overcome cultural conflicts in order to infuse TCP with new vitality for a better prospect. Ms. Natalie Wan, deputy general manager and chief financial officer of TCP, introduced CMPort’s overseas expansion milestone to Ambassador Yang. Ambassador Yang expressed his appreciation for the oversea achievements of CMPort in the short span of 10 years and encouraged CMPort to make great efforts while exploring new markets with the spirit of "Time is money, efficiency is life".
The TCP project is the largest container terminal merger and acquisition transaction in Brasil and Latin America, which has brought both economic and social benefits to China and Brasil. The expansion project has created more than 1,000 jobs in the local area. After the first year of delivery in 2018, TCP’s operating results achieved a record high in 20 years since the establishment of the TCP terminal. Ambassador Yang requested detailed explanation from the Chinese expatriates concerning the terminal expansion project, sea-rail transport connection and the operation of terminal warehouse. Ambassador Yang highly applauded the well-regulated TCP terminal yard, which reflects the management level of CMPort as a professional terminal operator. He also expected that after the completion of the expansion project, TCP would attract more hinterland supply, improve quality and create value.
The Port of Paranaguá is located in Paraná, southern Brasil, and is the second largest container terminal in Brasil in terms of throughput capacity. At present, the port's design capacity is 1.5 million TEUs and is expected to increase to 2.4million TEUs after further expansion. TCP’s concession will be expired by year 2048.
TCP CEO Luiz Alves and Ambassador Yang Wanming
