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Thursday, September 06, 2007

Sical to set up empty container yard at Tuticorin

Sical Distriparks is setting up an empty container yard at Tuticorin. The bhoomi pooja for the development of the yard was performed in Tuticorin on August 31.

Commenting on the new venture, Mr L. R. Sridhar, Wholetime Director and CEO of Sical Distriparks Ltd, said that the new facility would be the most modern and operational by January 2008.

Sical’s objective of setting up the yard is to cater to growing demand of empties repositioning at Tuticorin. With current volumes at 15,000 TEUs, Sical’s facility would cater to a third of the market requirements, which is 5,000 TEUs per month.

Currently, Sical manages a CWC container freight station (CFS) at Tuticorin which has a capacity of 26,000 TEUs per annum, which is 12 per cent of the port’s volumes.

To cater to the growing demand at the port, Sical will be setting up an additional CFS, which will have a capacity of 30,000 TEUs per annum by 2009-10.

When the new facilities come up, Sical will increase its market share to 15 per cent of the port’s volumes.

Mr R. Dhandapani, Vice-President of Sical Distriparks Ltd, was also present during the occasion.

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