NEW ORLEANS, Aug. 26 /CNW/ -- Westway Terminal Company LLC, a
wholly-owned subsidiary of Westway Group, Inc. (OTC Bulletin Board: WTWG),
launched a $3.8 million expansion to its Port Allen facility today with a
groundbreaking ceremony at the Port of Greater Baton Rouge. Expansion plans
include the construction of 4, one million gallon bulk liquid storage tanks,
which will expand the terminal's capabilities by 25 percent.
Upon completion, the terminal will provide 22 bulk liquid storage tanks
with a total storage capacity of 21 million gallons. "The project will
generate 15 - 20 local construction jobs and add 2 full-time employees,"
according to terminal manager, Terry Fleming.
Engineering for the project was provided by Neel-Schaffer Engineering of
Baton Rouge, LA, tank foundations will be constructed by Beard Construction
Company of Port Allen, LA, contractors for the expansion include Performance
Contractors of Baton Rouge, LA providing piping and mechanical work for the
project and Pasadena Tanks Corporation of Houston, TX for tank erection.
Westway's terminal at the Port of Greater Baton Rouge, on the Mississippi
River, is a strategic U.S. Gulf South location. The facility has excellent
intermodal capabilities with access to ocean-going vessels, barge, rail, and
"Westway takes great pride in building solutions that surpass our
customer's expectations. As we continue to expand, Westway's unwavering
commitment to safety and service ensures global consistency throughout our
terminaling network," said Scott Mackenzie, President of Westway Terminal
About Westway Group, Inc.
Westway Group, Inc. ("Westway") is a leading provider of bulk liquid
storage and related value-added services and a leading manufacturer and
distributor of liquid animal feed supplements. Westway operates an extensive
global network of 53 operating facilities, 23 of which provide approximately
300 million gallons of total bulk liquid storage capacity and 30 facilities
producing 1.7 million tons of liquid feed supplements annually. The bulk
liquid storage business is a global business with infrastructure that includes
a network of 23 terminals offering storage to manufacturers and consumers of
agricultural and industrial liquids, located at key port and terminal
locations throughout North America, Western Europe and Asia. The liquid feed
supplements business produces liquid animal feed supplements that are sold
directly to end users and feed manufacturers, primarily supplying the beef and
dairy livestock industries. By using formulation processes tailored
specifically to the needs of its customers, Westway blends liquid agriculture
by-products and essential nutrients to form feed rations that help to maximize
the genetic potential of livestock.
As a result of the relationship between them, the bulk liquid storage and
liquid feed supplements businesses benefit from synergies including
co-location of facilities, enhanced raw material supply logistics for liquid
feed supplements and increased operational efficiency resulting from
cross-business knowledge exchange.
This press release includes forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended.
We have based these forward-looking statements on our current
expectations and projections about future events. These forward-looking
statements are subject to known and unknown risks, uncertainties, and
assumptions about us that may cause our actual results, levels of activity,
performance or achievements to be materially different from any future
results, levels of activity, performance, or achievements expressed or implied
by such forward-looking statements.
In some cases, you can identify forward-looking statements by terminology
such as "may," "should," "could," "would," "expect," "plan," "anticipate,"
"believe," "estimate," "continue," or the negative of such terms or other
similar expressions. Factors that might cause or contribute to such a
discrepancy include, but are not limited to, those described in our other SEC
For example, our statements about our expansion plans, their cost, and
their effect on our terminal capabilities, storage capacity, and job
generation are forward-looking statements. Important factors that may cause
our actual results to differ include unanticipated delays in construction and
increased costs due to weather, disputes with contractors, or opposition by
For further information:
For further information: Thomas A. Masilla, Jr., Chief Financial Officer
of Westway Group, Inc., +1-504- 525-9741