APM Terminals’ CEO Keith Svendsen has pledged an investment of about US$1 billion in the company’s Brazilian operations up to 2026.
The amount includes around US$322 million of a total US$525 million investment exclusively for the Phase One development of a new terminal in Suape, a terminal located in Estaleiro Atlântico Sul, Brazil that is in the final stages of acquisition.
Moreover, APM Terminals has committed an additional US$724 million investment in its four other terminals and inland depots in the country by 2026. A large share of this, around US$310 million, is allocated to Brasil Terminal Portuário, Santos.