NEW ORLEANS, June 15 /CNW/ -- Westway Terminal Company LLC, a wholly
owned subsidiary of Westway Group, Inc. (WTWG), opened Phase I of a Custom
Built Bulk Liquid Storage Terminal for Nynas Americas at the Westway's
In an effort to improve its customer satisfaction and efficiencies, Nynas
contracted with Westway Terminal Company to construct a state-of-the-art,
customized logistics hub in Houston, which is scheduled for full completion by
the end of 2009.
The State-of-the-Art Hub, located along the Houston Ship Channel, will
better meet the requirements of Nynas' customers by providing dedicated
logistics, blending and special loading facilities for Nynas specialty
products. These parameters closely align with Nynas' priorities on safety,
environmental and quality standards.
"This new tailor-made terminal will meet Nynas' present and anticipated
demands for safety, quality and services as our business continues to grow in
the Americas," said Michael Arnestrand, Head of Supply Chain for Nynas
Americas. "The new terminal is not only a storage facility, but the final
step in Nynas' supply chain where final products are blended according to
customer requirements." This new terminal will not only receive production
from the USA, but also deliveries from Nynas Production Units in Sweden, the
Dutch Antilles and Belgium.
Westway Terminal has the latest technology for loading, unloading, mixing
and infrastructure. The facility was designed to accommodate maximum
flexibility. The tanks, piping system and manifold will not only serve the
blending and transportation requirements that Nynas' customers have today, but
will adapt easily and quickly as those needs change. In today's world, both
Nynas and Westway must be flexible and react quickly.
Initially, Nynas will have 25 tanks with a storage capacity of 400,000
bbls to load and unload products from the terminal using trucks, railcars and
marine vessels. Westway will have dedicated persons on-site working full time
to manage the facility for Nynas.
"Transition to the new terminal will take place in two phases", said Lori
Haney, Supply Chain Planner for Nynas Americas. "The first phase will begin
June 1 and will involve the transition of transformer oils; the second phase
will begin October 1 when all other products will be transitioned."
"Nynas is constantly looking for ways to satisfy our customers' needs,"
said Arnestrand. "We must have the best partners to meet our goals. This
partnership with Westway is in line with our strategy."
Westway is excited about its long term relationship with Nynas and
further global expansions in the future.
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 filings.
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 54 operating facilities providing 284 million gallons of
total bulk liquid storage capacity and 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 24 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 molasses 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
Westway Group, Inc. Reporting Periods
Westway Group, Inc. has adopted a calendar year-end of December 31 for
its annual reporting period; and, in keeping with the adoption of the annual
reporting period, the next quarterly report to be filed with regulatory
authorities will be for the quarter-ended June 30, 2009.
For further information:
For further information: Thomas Masilla of Westway Group, Inc.,
+1-504-636-4245 Web Site: http://www.westway.com