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Terminal News

Stolthaven Terminals divests Australian chemical terminal

Stolthaven Terminals divests Australian chemical terminal
Stolthaven Terminals has divested its Altona chemical storage terminal to the Australasian Solvents & Chemicals Company (ASCC).

The facility in Melbourne, Australia, offers specialised blending facilities, storage and warehousing of both chemical and non-chemical products as well as combustible and/or dangerous goods in bulk and packaged products.

The terminal offers storage for a wide range of dry products, petroleum and chemical liquids.

Guy Bessant, president of Stolthaven Terminals, says: 'A decision was made to divest the Altona terminal in line with our regional strategy. We know ASCC well as an existing customer, with a strong brand in the market, and know they will provide continuing support to our valued customers in the area. The Australian chemical market will benefit from ASCC's expertise as they take on management of the site.

ASCC's group CEO Leanne Wilkins says: 'For ASCC to invest in Altona, we know that we are committing to the Australian manufacturing markets long term. Altona will continue its operations in supplying quality blending, storage and distribution facilities to existing and future customers.'



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