Strong demand sees Teesport Bulks Terminal sign third major deal in eight months
PD Ports, owner and operator of Teesport, has entered into a third long-term agreement in its recently unveiled state-of-the-art bulk facility, accelerating future expansion plans due to demand from global manufacturers and shippers.
The large British port group has signed a long-term contract with a third global customer to secure the remaining bays within the 300,000 square feet. Teesport Bulks Terminal based on the port area.
Opened at the height of the COVID-19 pandemic, the £ 9.2million investment by PD Ports to refurbish and refurbish the old steel export terminal into a modernized Teesport Bulks terminal, marked a milestone in the rebirth of the Tees Valley, continuing to drive trade, investment and create 44 new direct jobs along with another 250 jobs in the broader supply chain.
This investment follows the £ 50million redevelopment of Teesport’s No.1 Pier, supported by Regional Growth Funding, to improve and expand rail-linked bulk handling facilities at Teesport.
Now, less than a year later, PD Ports plans to further expand the facility, signifying the ambition of the port operator to seize new business opportunities and secure more long-term private investment throughout. by supporting the government’s upgrading program.
PD Ports CEO Frans Calje explained how this milestone demonstrates the resurgence of the River Tees and the impact major investments like this will have on the UK’s economic recovery after COVID, as well as growth economical of Tees. Valley region.
“It was catastrophic for the Tees Valley when the steel mill collapsed in 2015,” Frans said. “Overnight, as PD Ports, we lost a third of our business and this region lost one of its main components. Today, through a lot of hard work and investment, along with an ongoing journey of diversification, we are stronger and more resilient as a business. As a result, we are launching our largest recruiting campaign in our company’s history – employing more people now than before SSI closed.
“I am delighted to see the successful transformation of Teesport’s bulk handling infrastructure and service delivery, which builds on our growing customer base, which now includes three world-renowned partners, including Viterra.
“The fact that such established and world-renowned companies within the industry have chosen PD Ports as the logistics providers of choice to move goods through our new facility, further strengthens our proven track record in delivering, securing private investment in the Tees Valley area, driving the economic value of the area and creating new jobs.
“As we look to the future, we are confident that by continuing to build on the strengths of the River Tees, using our new status as Freeport to attract new investment and seize new opportunities, we can achieve our vision. to make the River Tees the most prosperous in the UK. port region by 2050.