• The transaction is part of the strategic development and growth plan of Grup TCB and consolidates its leadership in the Mediterranean arc. 
  • Russia, Angola and Turkey are the three main trading partners at this port
Grup TCB, a leading company in the design and management of port terminals, announces the acquisition of Terminal Polivalente de Castellón, S.A. after successful negotiations with the current owners of the terminal, amongst them the majority shareholder Globalvia. The transaction is pending approval by the relevant authorities, which it expects to receive in the next few weeks. TPC manages about 80% of TEUs handled at the Castellon port and is a vital infrastructure for the export competitiveness of local industry. TPC will complement the services, which Grup TCB offers to its customers in the Mediterranean arc by adding to the existing terminals at the ports of Barcelona (TCB) and Valencia (TCV). From its origin in 2005 under the management of Globalvia and up to 2014, TPC made a leap of competitiveness when it recently obtained the ISO 9001 certification reaching  162,000 movements, 5% more than the previous year. By joining Grup TCB, the Castellon terminal will benefit from all the world-class know-how and state-of-the-art technology which the group has developed in recent years, allowing it to continue improving the service and productivity it provides to its customers. The terminal has 970 meters of berthing line, with a maximum draught of 14 meters, modern equipment and a direct rail access for quick connectivity with its hinterland. The Port of Castellon is a driver for the Valencian Community and one of the main port infrastructures on the Spanish coast. Russia, Angola and Turkey are the top three trading partners of the port by number of tons moved.   Xavier Soucheiron, the CEO of Grup TCB, notes that the purchase of TPC is a strategic acquisition for the group. "With terminals in Barcelona, ​​Castellon and Valencia and a commitment to intermodal transportation of goods by rail, we are able to offer import and export companies a global high quality logistics service to the whole southern European and Mediterranean markets. Our terminals also serve as connection hubs with Africa, the Gulf of Arabia and Asia."