SIFAX Group Unveils New Equipment Worth Over $25M


In the bid to boost its service delivery and port operations, Ports & Cargo Handling Services Limited, the flagship company of SIFAX Group, has procured  new equipments.

The newly acquired equipment’s which was unveiled on Monday at it’s terminal in Tincan Island port, Lagos are 5 shore cranes, 9 Reach Stackers, 10 terminal tractors, 5 Nissan pickup vehicles, 4 trailer backs and other machineries.

The equipment is said to worth over twenty million euro and stands to position the company as first choice terminal operator not only in Nigeria but in the entire west Africa.

Delivering his welcome address at the commissioning of the equipment, Group Managing Director, SIFAX Group, Mr. Adekunle Oyinloye, said that the new equipments are the best and latest in town and will hurl  the conglomerate into  their target level of growth.

He added that the acquisition was part of the company’s strategic investment to deliver quality service to its clientele and to further attract more patronage.

The Group MD further said that the conglomerate have also set  targets that will increase its revenue with over 300% in five years of which investing in equipment is  one of the ways to  achieve its set targets which will in turn  complement its excellent personnel asset.

Also speaking at the commissioning, the Managing Director, Ports & Cargo Handling Services Limited, Mr. John Jenkins, , said there was  need to acquire the latest equipment in order to depend the companies investment further and also to meet the architecture requirements of modern ship  facility.

He noted that the conglomerate was already engaging several shipping lines in order to boost the company’s clientele base.

The Sales Manager, Liebherr Group, West  Africa,  Norman Herzberg in his address said the company is delighted to be  partner in the supply of some of the equipment.

He disclosed that the newly-acquired mobile shore cranes LHM 500 are the latest technologies with wider reach into the vessels and can discharge faster effectively and efficiently.

Congratulating  Ports & Cargo on the acquisition of these equipment, MD of Mediterranean Shipping Company (MSC), Andrew Lynch, explained that the partnership between Ports & Cargo and MSC will be better forged with the acquisition of these equipment.

In his word “Ports & Cargo and MSC have both forged an alliance which has been one of the best partnerships in the maritime sector. We are excited that these new equipment will enhance the discharge of more cargo volumes at the terminal.”

The Managing Director, Nigerian Ports Authority, Hadiza Bala-Usman who was ably represented by Aisha Ali Ibrahim, Assistant General Manager, Operations, expressed delight at the new acquisition.

Adding that it was a thing of joy that  an indigenous company, Ports & Cargo Handling Services Limited, is competing favourably with foreign multinationals in the maritime sector in terms of investment, manpower and quality of service delivery.

The commissioning was graced by notable stakeholders in the industry, among whom are President, Maritime Workers Union of Nigeria(MWUN) and its members, Association of Nigeria License Customs Agent (ANLCA),  National Association of Government Approved Freight Forwarder (NAGAFF) , Council of Managing Directors, Nigeria Customs Service( NCS) among others.


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