BAKU, Azerbaijan, Feb. 11
By Tamilla Mammadova – Trend:
US Trammo Corporation will build a new terminal in Georgian Batumi port, Trend reports citing Georgian media.
Georgian Parliament Speaker Archil Talakvadze met with Executive Director of US Trammo Corporation and members of US Governing Council in New York
As reported, Trammo will invest $20 million in Georgia and will build a new terminal in the port of Batumi through which goods from Asia to the European market will pass.
According to Trammo Executive Director Edward Weiner, the decision to invest in Georgia was made due to its geostrategic position, attractive business environment and stable management of the country.
As the to Forbes noted, Trammo ranks 58th in the list of the largest US companies.
William Markstein, the Chief Financial Officer of Trammo, noted, that the strategic location of Georgia makes it very attractive and promising in terms of investments, especially for Asia-Europe transit routes.
Trammo is a leading international merchandising and trading company that markets, trades, distributes and transports key raw materials used in industrial processes and fertilizer production globally. The Company is a market leader in anhydrous ammonia, sulfur, sulfuric acid and petroleum coke. In addition, Trammo is a producer and marketer of nitric acid in the United States. The history of Trammo spans more than 50 years.
Currently in Batumi Port there are 5 terminals and 11 berths. The total throughput of the Port is 18 million tons per year. The number of ships of the port fleet totals 13 units.
The enterprise has implemented and maintains a quality management and environmental protection system certified by the independent Bureau Veritas Certification for compliance with international standards
The list of processed goods includes metal products, ore concentrates, grain, cement, fertilizers, corn&technical oils, building materials, raw sugar and others.
Batumi port takes part in many transport projects and corridors, being a participant of the Trans-Caspian International Transport Route TITR, the Eurasian transport corridor TRACECA and the Association of ports of the Black and Azov Seas BASPA.
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