MTC Holdings, a leading terminal operating company headquartered in San Francisco, CA, announced that it has completed the acquisition of an inland, multi-modal terminal facility and services company branded as Puerta M’xico.
Puerta M’xico intermodal terminal is located in the State of M’xico in the industrial zone of Toluca, approximately 40 miles west of M’xico City and offers multi-modal terminal services and on-site customs and bonded warehousing facilities to ocean carriers, railroads, intermodal and other logistics service providers.
Situated at KM 15.5 of the Toluca’Atlacomulco highway and with direct access to rail line ‘N’ of Kansas City Southern de M’xico (KCSM), Puerta M’xico will become the terminal of first choice for service to and from the central valley, the ports of L’zaro C’rdenas and Manzanillo, and Laredo at the U.S. border.
With an estimated capacity exceeding 150,000 containers per year on more than 130 developed acres, it essentially doubles the intermodal capacity available to the greater Mexican central valley region and alleviates a major bottleneck in the central valley supply chain.
Marine Terminals Corp. President and CEO Doug Tilden commented on the company’s commitment to M’xico.
‘This transaction is indicative of MTC Holdings’ strong interest in M’xico and confidence in the country’s economy and business climate,’ Tilden said. ‘MTC Holdings is committed to making investments in M’xico that substantially improve the global supply chain, lead to real improvements in the competitiveness of Mexican businesses, and provide greater choices and lower prices to consumers.’
Governor Enrique Pe’a Nieto of the State of M’xico commented on the importance of MTC’s investment.
‘Investments of this magnitude create efficiencies that translate into advantages to attract new investments to the State of M’xico,’ Governor Pe’a Nieto said. ‘During my recent trip to Asia, it was evident that having an infrastructure such as Puerta M’xico places the State of M’xico in a prime position in the logistics industry.’
Puerta M’xico Founder Javier Soriano added that Marine Terminals Corp.‘s experience, along with its relationship with the logistics community and the support of AIG Highstar Capital, will position Puerta M’xico Intermodal Terminal as the most important link in the supply chain between Asia, North America and M’xico.
With more than 75 years of industry experience, MTC Holdings is an expert in providing the shipping community with a comprehensive network of terminal operations and cargo-handling services. It is known for successful long-term joint ventures, process expertise, effective management and technological leadership. On July 2, 2007, MTC Holdings became part of the AIG Global Investment Group through its acquisition by AIG Highstar Capital.