Ying Kou Port Group, one of the top two port operators in Liaoning province, plans to invest up to 3 billion yuan to build new ports this year, its chairman said. The planned new ports include bulk cargo berths and oil wharves, reported China Business News, citing Chairman Gao Baoyu. Gao said 35 percent of the required capital would come from the Group, with the rest from bank loans.
Ying Kou Port, which has a listed arm, mainly serves to export grain from Northeast China, and to import iron ores.
During the first two months of 2009, throughput of Ying Kou Port increased by 6 percent. Gao said the major reason was Angang Steel Co Ltd's new plant in Ying Kou going into production, which spurred iron exports and iron ore imports.
In 2008, throughput of the Port increased by 20 percent.
The Group is planning to inject more of its assets into its listed arm, Gao said, but he did not say when.
Ying Kou Port, which has a listed arm, mainly serves to export grain from Northeast China, and to import iron ores.
During the first two months of 2009, throughput of Ying Kou Port increased by 6 percent. Gao said the major reason was Angang Steel Co Ltd's new plant in Ying Kou going into production, which spurred iron exports and iron ore imports.
In 2008, throughput of the Port increased by 20 percent.
The Group is planning to inject more of its assets into its listed arm, Gao said, but he did not say when.