Trafigura buys Ormet bulk terminal

Jun 03, 2011 | 12:51 PM | Anne Riley

Tags  ormet, alumina, bauxite, coal, trafigura, Impala Warehousing, Mike Tanchuk

NEW YORK — Ormet Corp. has found a buyer for its Louisiana marine terminal in Trafigura Beheer BV after a more than four-year search.

Impala Warehousing (US) LLC, a wholly owned subsidiary of the Swiss trading house, announced Friday that it has acquired the idled terminal in Burnside, La., for $28 million. The deal closed late Thursday after months of discussions, AMM understands.

"We have been considering and studying this for a while," Simon Collins, a director of Trafigura, said in a statement.

Trafigura plans to invest some $100 million to reopen and expand the bulk terminal, which will primarily be used to ship coal, it said.....

Latest Pricing Trends


Are you stocking more inventory today than 18 months ago?


View previous results