18 July 2012 04:02 [Source: ICIS news]
SINGAPORE (ICIS)--Switzerland-based Puma Energy has acquired ?xml:namespace>
Chevron Kuo owns a 70% stake in Chevron Bitumen Vietnam (CBVL), which imports, stores and distributes asphalt for road building and infrastructure developments in
The company’s Hai Phong terminal, in
"Today’s acquisition is the next step in our planned expansion in
“Today we operate over 100,000 tonnes of bitumen storage capacity, with plans to expand the footprint to over 200,000 tonnes within five years,” Eladari added.
Puma Energy currently operates bitumen terminals in
Financial details of the acquisition were not immediately available.
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