From joint ventures and expansions to personnel changes. You can read comprehensive, up-to-date and breaking news about LBC in this section.
LBC Tank Terminals Holding Netherlands B.V. announces Q2 FY19 financial results conference call
LBC Tank Terminals Holding Netherlands B.V. announces Q2 FY19 financial results conference call
LBC Tank Terminals announced today it will hold a conference call to discuss its financial results for Q2 FY19 which ended on 31 December 2018. The results will be published today, Tuesday 26th February 2019, followed by a conference call for all investors on Tuesday, 12th March 2019 at 16:00 (Central European Time) / 11:00 (Eastern Daylight Time). Call details and copies of the financial statements will be made available on the Intralinks website. Investors of LBC Tank Terminals Holding Netherlands B.V. Senior Notes, due 2023, can request access to Intralinks by contacting investors@lbctt.com.
LBC awarded with Signal Mutual Indemnity Association Safety Leader Award for 2017/18
LBC awarded with Signal Mutual Indemnity Association Safety Leader Award for 2017/18
We are proud to announce that at the Signal Mutual Indemnity Association Winter General Meeting held in Orlando, Florida on January 25th, 2019; LBC was awarded the Signal Mutual Indemnity Association Safety Leader Award for 2017/18 in the category of Marine Terminals.
Several Enhancements Announced to the ICEPermian WTI Crude Oil Futures Contract
Several Enhancements Announced to the ICEPermian WTI Crude Oil Futures Contract
Intercontinental Exchange, Inc. (NYSE: ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced several new enhancements to the ICE Permian WTI crude oil futures contract (Contract code: HOU).
LBC Tank Terminals Holding Netherlands B.V. announces Q1 FY19 financial results conference call.
LBC Tank Terminals Holding Netherlands B.V. announces Q1 FY19 financial results conference call.
LBC Tank Terminals announced today it will hold a conference call to discuss its financial results for Q1 FY19 which ended on 30 September 2018. The results will be published today, Thursday 29th November 2018, followed by a conference call for all investors on Tuesday, 11th December 2018 at 16:00 (Central European Time) / 10:00 (Eastern Standard Time). Call details and copies of the financial statements will be made available on the Intralinks website. Investors of LBC Tank Terminals Holding Netherlands B.V. Senior Notes, due 2023, can request access to Intralinks by contacting investors@lbctt.com.
LBC’s European Sales Team attends 52nd EPCA event in Vienna
LBC’s European Sales Team attends 52nd EPCA event in Vienna
Around 3,000 members of the petrochemical business community headed to Vienna for the European Petrochemical Association’s (EPCA) 52nd Annual Meeting.The EPCA meeting is the primary European event for the global petrochemical business community, offering the perfect platform to interact with stakeholders throughout the industry.
LBC was represented by our Sales Team, comprised of Jonathan Feys (Sales Director Europe), Matthijs Luijk (Senior Sales Manager Rotterdam) and Johannes Veldt (Sales Manager Antwerp). During the event our Sales Team hosted 55 very productive “meet and greet” sessions in which they reinforced existing relationships, fostered new relationships and exchanged ideas with a range of stakeholders in the business community.
By listening carefully to the needs and ideas of our customers, we can work together and maximize our positive impact on society thereby meeting the needs of today without compromising the needs of future generations.
Storage for the US’s largest refining market Seabrook Logistics
Storage for the US’s largest refining market Seabrook Logistics
Jasmin McDermott, Editor of the well-known Tank Storage Magazine, conducted research regarding the growing demand for midstream infrastructure in the Houston Gulf Coast area. Seabrook Logistics is a joint venture between LBC Tank Terminals & Magellan Midstream Partners. We are proud to announce that this facility provides an additional 700,000 barrels (111,000 m³) of crude oil & condensate storage to the Houston Gulf coast area.
LBC Tank Terminals Holding Netherlands B.V. announces Q4 FY18 financial results conference call
LBC Tank Terminals Holding Netherlands B.V. announces Q4 FY18 financial results conference call
LBC Tank Terminals announced today it will hold a conference call to discuss its financial results for Q4 FY18 which ended on 30th June 2018. The results will be published today, Friday 26th October 2018, followed by a conference call for all investors on Tuesday, 6th November 2018 at 16:00 (Central European Time) / 10:00 (Eastern Standard Time). Call details and copies of the financial statements will be made available on the Intralinks website. Investors of LBC Tank Terminals Holding Netherlands B.V. Senior Notes, due 2023, can request access to Intralinks by contacting investors@lbctt.com.
Magellan Midstream and LBC to Further Expand Seabrook Logistics’ Crude Oil and Condensate Marine Terminal
Magellan Midstream and LBC to Further Expand Seabrook Logistics’ Crude Oil and Condensate Marine Terminal
Tulsa, OK and Mechelen, Belgium – Magellan Midstream Partners, L.P. (NYSE: MMP) (“Magellan”) and LBC Tank Terminals, LLC (“LBC”) are further expanding the infrastructure of Seabrook Logistics, LLC (“Seabrook Logistics”), owned 50/50 by subsidiaries of Magellan and LBC, by increasing Seabrook Logistics’ crude oil and condensate storage and dock capabilities in the Houston Gulf Coast area. Seabrook Logistics plans to construct nearly 700,000 barrels (111,000 cubic meters) of additional crude oil and condensate storage in Seabrook, Texas as well as a new Suezmax dock with up to a 45-foot draft (14 meters) and approximately 400,000 barrels per day (“bpd”) of dock capacity.
Update Rotterdam Terminal following the Bow Jubail Incident on 23rd June 2018
Update Rotterdam Terminal following the Bow Jubail Incident on 23rd June 2018
Please read the Press Release in the read more section for an update on the services at our Rotterdam Terminal following the Bow Jubail incident on 23rd June 2018.
Incident involving ship at Rotterdam Botlek
Incident involving ship at Rotterdam Botlek
Please read the Press Release in the read more section for information relating to the incident involving a ship at Rotterdam Botlek
LBC Tank Terminals Holding Netherlands B.V. announces Q2 FY19 financial results conference call
LBC Tank Terminals Holding Netherlands B.V. announces Q2 FY19 financial results conference call
LBC Tank Terminals announced today it will hold a conference call to discuss its financial results for Q2 FY19 which ended on 31 December 2018. The results will be published today, Tuesday 26th February 2019, followed by a conference call for all investors on Tuesday, 12th March 2019 at 16:00 (Central European Time) / 11:00 (Eastern Daylight Time). Call details and copies of the financial statements will be made available on the Intralinks website. Investors of LBC Tank Terminals Holding Netherlands B.V. Senior Notes, due 2023, can request access to Intralinks by contacting investors@lbctt.com.
LBC awarded with Signal Mutual Indemnity Association Safety Leader Award for 2017/18
LBC awarded with Signal Mutual Indemnity Association Safety Leader Award for 2017/18
We are proud to announce that at the Signal Mutual Indemnity Association Winter General Meeting held in Orlando, Florida on January 25th, 2019; LBC was awarded the Signal Mutual Indemnity Association Safety Leader Award for 2017/18 in the category of Marine Terminals.
Several Enhancements Announced to the ICEPermian WTI Crude Oil Futures Contract
Several Enhancements Announced to the ICEPermian WTI Crude Oil Futures Contract
Intercontinental Exchange, Inc. (NYSE: ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced several new enhancements to the ICE Permian WTI crude oil futures contract (Contract code: HOU).
LBC Tank Terminals Holding Netherlands B.V. announces Q1 FY19 financial results conference call.
LBC Tank Terminals Holding Netherlands B.V. announces Q1 FY19 financial results conference call.
LBC Tank Terminals announced today it will hold a conference call to discuss its financial results for Q1 FY19 which ended on 30 September 2018. The results will be published today, Thursday 29th November 2018, followed by a conference call for all investors on Tuesday, 11th December 2018 at 16:00 (Central European Time) / 10:00 (Eastern Standard Time). Call details and copies of the financial statements will be made available on the Intralinks website. Investors of LBC Tank Terminals Holding Netherlands B.V. Senior Notes, due 2023, can request access to Intralinks by contacting investors@lbctt.com.
LBC’s European Sales Team attends 52nd EPCA event in Vienna
LBC’s European Sales Team attends 52nd EPCA event in Vienna
Around 3,000 members of the petrochemical business community headed to Vienna for the European Petrochemical Association’s (EPCA) 52nd Annual Meeting.The EPCA meeting is the primary European event for the global petrochemical business community, offering the perfect platform to interact with stakeholders throughout the industry.
LBC was represented by our Sales Team, comprised of Jonathan Feys (Sales Director Europe), Matthijs Luijk (Senior Sales Manager Rotterdam) and Johannes Veldt (Sales Manager Antwerp). During the event our Sales Team hosted 55 very productive “meet and greet” sessions in which they reinforced existing relationships, fostered new relationships and exchanged ideas with a range of stakeholders in the business community.
By listening carefully to the needs and ideas of our customers, we can work together and maximize our positive impact on society thereby meeting the needs of today without compromising the needs of future generations.
Storage for the US’s largest refining market Seabrook Logistics
Storage for the US’s largest refining market Seabrook Logistics
Jasmin McDermott, Editor of the well-known Tank Storage Magazine, conducted research regarding the growing demand for midstream infrastructure in the Houston Gulf Coast area. Seabrook Logistics is a joint venture between LBC Tank Terminals & Magellan Midstream Partners. We are proud to announce that this facility provides an additional 700,000 barrels (111,000 m³) of crude oil & condensate storage to the Houston Gulf coast area.
LBC Tank Terminals Holding Netherlands B.V. announces Q4 FY18 financial results conference call
LBC Tank Terminals Holding Netherlands B.V. announces Q4 FY18 financial results conference call
LBC Tank Terminals announced today it will hold a conference call to discuss its financial results for Q4 FY18 which ended on 30th June 2018. The results will be published today, Friday 26th October 2018, followed by a conference call for all investors on Tuesday, 6th November 2018 at 16:00 (Central European Time) / 10:00 (Eastern Standard Time). Call details and copies of the financial statements will be made available on the Intralinks website. Investors of LBC Tank Terminals Holding Netherlands B.V. Senior Notes, due 2023, can request access to Intralinks by contacting investors@lbctt.com.
Magellan Midstream and LBC to Further Expand Seabrook Logistics’ Crude Oil and Condensate Marine Terminal
Magellan Midstream and LBC to Further Expand Seabrook Logistics’ Crude Oil and Condensate Marine Terminal
Tulsa, OK and Mechelen, Belgium – Magellan Midstream Partners, L.P. (NYSE: MMP) (“Magellan”) and LBC Tank Terminals, LLC (“LBC”) are further expanding the infrastructure of Seabrook Logistics, LLC (“Seabrook Logistics”), owned 50/50 by subsidiaries of Magellan and LBC, by increasing Seabrook Logistics’ crude oil and condensate storage and dock capabilities in the Houston Gulf Coast area. Seabrook Logistics plans to construct nearly 700,000 barrels (111,000 cubic meters) of additional crude oil and condensate storage in Seabrook, Texas as well as a new Suezmax dock with up to a 45-foot draft (14 meters) and approximately 400,000 barrels per day (“bpd”) of dock capacity.
Update Rotterdam Terminal following the Bow Jubail Incident on 23rd June 2018
Update Rotterdam Terminal following the Bow Jubail Incident on 23rd June 2018
Please read the Press Release in the read more section for an update on the services at our Rotterdam Terminal following the Bow Jubail incident on 23rd June 2018.
Incident involving ship at Rotterdam Botlek
Incident involving ship at Rotterdam Botlek
Please read the Press Release in the read more section for information relating to the incident involving a ship at Rotterdam Botlek
Appointment of new Chairman to the Board of Directors of LBC Tank Terminals
Appointment of new Chairman to the Board of Directors of LBC Tank Terminals
ROTTERDAM, Netherlands - LBC Tank Terminals announces the appointment of Haroun van Hövell as chairman of the Board of Directors effective 1 June 2018. Mr van Hövell has extensive experience in energy, infrastructure, private equity and finance. He is a Dutch citizen and received a Master’s degree in Applied Economics from the Erasmus University in Rotterdam and his M.B.A. from INSEAD in Fontainebleau.
LBC would like to thank Edward Sigar for acting as interim chairman during the past years. Mr Sigar will remain on the Board as Director appointed by PGGM.
LBC Tank Terminals Holding Netherlands B.V. announces Q3 FY18 financial results conference call
LBC Tank Terminals Holding Netherlands B.V. announces Q3 FY18 financial results conference call
LBC Tank Terminals announced today it will hold a conference call to discuss its financial results for Q3 FY18 which ended on 31 March 2018. The results were published on Tuesday, 29th May 2018, followed by a conference call for all investors on Monday, 11thJune 2018 at 16:00 (Central European Summer Time) / 10:00 (Eastern Daylight Time). Call details and copies of the financial statements will be made available on the Intralinks website. Investors of LBC Tank Terminals Holding Netherlands B.V. Senior Notes, due 2023, can request access to Intralinks by contacting investors@lbctt.com.
LBC Rotterdam – New jetty operational
LBC Rotterdam – New jetty operational
The LBC Tank Terminals Group is currently focused on expanding our LBC Rotterdam site in the Botlek area of Rotterdam, the petrochemical heart of the Port. The aim of our project known as ‘Rainbow’ is to triple the current capacity and significantly improve jetty and land infrastructure. This project adheres to the three pillars of our business strategy (build-out, further optimize, expand) and reflects LBC Rotterdam’s ambition to be the safest and most efficient terminal in the Port of Rotterdam when it comes to ship-to-shore interface and ship-turnaround times.
US regional office has moved
US regional office has moved
We would like to inform you, that the US regional office has moved.
Regional employees and the LBC Houston Customer Service department are now located at the following address:
2625 Bay Area Boulevard
Suite 200
Houston, TX 77058
LBC Tank Terminals Holding Netherlands B.V. announces Q2 FY18 financial results conference call
LBC Tank Terminals Holding Netherlands B.V. announces Q2 FY18 financial results conference call
Rotterdam LBC Tank Terminals Holding Netherlands B.V. announces Q2 FY18 financial results conference call. LBC Tank Terminals announced today it will hold a conference call to discuss its financial results for Q2 FY18 ended 31 December 2017. The results will be published today, Tuesday, 27th February 2018, followed by a conference call for all investors on Tuesday, 13th March 2018 at 16:00 (Central European Time) / 11:00 (Eastern Daylight Time). Call details and copies of the financial statements will be made available on the Intralinks website. Investors of LBC Tank Terminals Holding Netherlands B.V. Senior Notes, due 2023, can request access to Intralinks by contacting investors@lbctt.com.
LBC started construction of its 3rd terminal in the USA
LBC started construction of its 3rd terminal in the USA
LBC Tank Terminals signs agreement with MEGlobal Americas, Inc. to construct a new terminal in Freeport, Texas
LBC Tank Terminals Holding Netherlands B.V. announces Q1 FY18 financial results conference call
LBC Tank Terminals Holding Netherlands B.V. announces Q1 FY18 financial results conference call
Rotterdam LBC Tank Terminals Holding Netherlands B.V. announces Q1 FY18 financial results conference call. LBC Tank Terminals announced today it will hold a conference call to discuss its financial results for Q1 FY18 ended 30 September 2017.
LBC HOUSTON / BATON ROUGE RECOGNIZES EMPLOYEES FOR LENGTH OF SERVICE
LBC HOUSTON / BATON ROUGE RECOGNIZES EMPLOYEES FOR LENGTH OF SERVICE
LBC Tank Terminals strongly believes it is key to empower its employees so they can contribute to their competence, satisfaction and the sustainability of our organization. We not only do this by giving our employees the necessary skills, resources, authority and opportunity to perform their tasks to the best of their ability, but also by honoring the service they provide to our successful company.
To this end, Service Award ceremonies were held November 14th in Baton Rouge and November 16th in Houston in order to recognize employees for achieving length of service milestones. Employees receive recognition for achieving years of service milestones at each 5 year increment. The ceremony includes a dinner for the recipients and their guest as well as a Service Award. LBC is very proud that it can say that in the US region the combined length of service presented at the ceremonies totaled 395 years of service!
Our employees are the foundation of the company and are essential in maintaining our commitment to performance standards and operational excellence. This dedication and commitment has a direct impact on sustaining the near term and forward looking growth plans, so LBC can continue to ensure that there is no such thing as a dangerous product, at least when under our care.
The Board of Directors, the Executive Leadership Team and the Americas Management Team wishes the recognize the following individuals for reaching their service award milestone.
35 years - Marian Esther
30 years - Julie LeBlanc
25 Years - Ernie Ybarra, Steve Griffin
15 Years - Kari Frederick, Jesse Guel, Charlie Morse, Joe Kyte, Steve Hunt
10 Years - Shawn Karsten, Brett Rushton, Elias Mendoza, Anna Holmes, Ryan James, Danielle Bush, Joe Garcia, Paul Arce, John Banks, Don Padilla, Javed Mohammed, Sonya Smith, Sean McKinney, Chad Ruiz, Devin Charpentier
5 Years - Bret Babin, Tyler Kelley, Jason Heil, Veronica Pina, Mario Vasquez, Kevin Duncan, Jerod Yates, Andrew Hartfiled, Mary Rodriguez, Juan Chapa, Robyn Schumacher
LBC appoints Chief Operating Officer
LBC appoints Chief Operating Officer
It is with great pleasure that LBC announces the immediate appointment of 
John Grimes to the position of Chief Operating Officer (COO) for the LBC Group. As COO, John will be responsible for overseeing the global operations for LBC.
In addition to his responsibilities as COO, John will continue to execute his current role as Business President for the US Region operating as a member of the Executive Leadership Team. In the positon of COO, John will be responsible for the operational performance enhancements, operational optimization, operational standardization, OT and improvement of the cost structures of the terminals in close cooperation with the regional Directors and local Managers, as well as ensuring that all activities on all terminals meet with organizational and regulatory requirements such that there is no such thing as a dangerous product; at least not when under our care.
John originally joined LBC in 1998 and has more than 30 years of experience in the liquid bulk chemical storage industry. He has an impressive knowledge of construction and maintenance having been skillfully managing our facilities and expansion plans in the USA over the last years.
We believe that with his wealth of experience and skill base, John is ideally suited to be our operational risk owner and that he will provide the necessary support to our organization to achieve our business strategy (build-out, further optimize and expand) and ensure a sustainable future for LBC and all our employees.
We wish John much success in his new role and am confident that with his support our local teams will be facilitated in achieving our objectives.LBC Tank Terminals Holding Netherlands B.V. announces Q4 FY17 financial results conference call.
LBC Tank Terminals Holding Netherlands B.V. announces Q4 FY17 financial results conference call.
LBC Tank Terminals announced today it will hold a conference call to discuss its financial results for Q4 FY17 ended 30 June 2017. The results will be published today, Friday, 27th October 2017, followed by a conference call for all investors on Monday, 6th November 2017 at 16:00 (Central European Time) / 10:00 (Eastern Standard Time). Call details and copies of the financial statements will be made available on the Intralinks website. Investors of LBC Tank Terminals Holding Netherlands B.V. Senior Notes, due 2023, can request access to Intralinks by contacting investors@lbctt.com
LBC attends 51st Annual EPCA Meeting in Berlin!
LBC attends 51st Annual EPCA Meeting in Berlin!
At LBC we believe that we can meet the needs of our stakeholders with enhanced cooperation, coordination and communication. 
With this in mind we always ensure that we have a presence at the EPCA (European Petrochemical Association) annual gathering. With 700 members in 54 different countries this gathering provides an ideal venue to meet and exchange ideas and transfer knowledge and learnings. The main focus of our discussions this year were our expansion projects in Antwerp, Rotterdam and Houston. By engaging in constructive discussions regarding our plans with our customers, we ensure that there is a good understanding between all parties and that we can, where possible, incorporate the wishes and ideas of our customers in our plans to meet the needs of the industry. This in turn helps to support our vision of there being no such thing as a dangerous product at least when under our care.
More information about EPCA can be found on www.epca.eu
Rotterdam – Project Rainbow update
Rotterdam – Project Rainbow update
The LBC Tank Terminals Group is currently focused on expanding our LBC Rotterdam site in the Botlek area of Rotterdam, the petrochemical heart of the Port. The aim of our project known as ‘Rainbow’ is to triple the current capacity and significantly improve jetty and land infrastructure. This project adheres to the three pillars of our business strategy (build-out, further optimize, expand) and reflects LBC Rotterdam’s ambition to become the safest and most efficient terminal in the Port of Rotterdam when it comes to ship-to-shore interface, truck & rail – and ship turnaround times.
LBC Houston – Post hurricane Harvey update
LBC Houston – Post hurricane Harvey update
We are sure that at this point in time you have all been following the catastrophic damage and devastation to the greater Houston area. Therefore, we would like to provide an update regarding the current status of the LBC Houston Terminal located in Seabrook, Texas.
ROTTERDAM – Project Rainbow update
ROTTERDAM – Project Rainbow update
The LBC Tank Terminals Group is currently focused on expanding our LBC Rotterdam site in the Botlek area of Rotterdam, the petrochemical heart of the Port. The aim of our project known as ‘Rainbow’ is to triple the current capacity and significantly improve jetty and land infrastructure. This project adheres to the three pillars of our business strategy (build-out, further optimize, expand) and reflects LBC Rotterdam’s ambition to become the safest and most efficient terminal in the Port of Rotterdam when it comes to ship-to-shore interface and ship-turnaround times.
ALKION TERMINALS, LBC TANK TERMINALS AND SOGESTRAN ANNOUNCE THE CLOSING OF TWO TRANSACTIONS
ALKION TERMINALS, LBC TANK TERMINALS AND SOGESTRAN ANNOUNCE THE CLOSING OF TWO TRANSACTIONS
Alkion Terminals (Alkion) and LBC Tank Terminals (LBC) today announced that on June 30th, 2017 the transaction in which Alkion acquired the 50% shareholding of LBC in LBC Sogestrol and the full ownership of 4 tank terminals in France (Bayonne, Le Havre, Marseille, Nantes), 2 tank terminals in Spain (Cartagena, Santander) and 1 tank terminal in Portugal (Lisbon) was completed.
Wanhua-BorsodChem to set up MDI bulk storage facility at LBC Rotterdam
Wanhua-BorsodChem to set up MDI bulk storage facility at LBC Rotterdam
Wanhua-BorsodChem to set up MDI bulk storage facility at LBC Rotterdam In response to the growing demand for MDI in the European market and to improve its services and flexibility, Wanhua & BorsodChem announced that they will work together with LBC Rotterdam and rent two new tanks for the Wannate MDI products. The bulk storage facility at the LBC Rotterdam facility is ideally located to serve as Wanhua & BorsodChem’s regional European distribution hub for European customers for Wannate MDI products imported from China.
The new MDI tanks will be commissioned in July 2017 and will help to ensure a sustainable and stable supply of MDI to the region. We are looking forward to the cooperation with Wanhua & BorsodChem and welcome them with great pleasure at our Rotterdam facility.
Walter Wattenbergh, Group CEO interviewed during StocExpo in Rotterdam
Walter Wattenbergh, Group CEO interviewed during StocExpo in Rotterdam
Walter Wattenbergh, Group CEO, was interviewed during the StocExpo Europe 2017 which took place in Rotterdam in March 2017. Please click on read more to see the video.
LBC Tank Terminals Holding Netherlands B.V. announces Q3 FY17 financial results conference call
LBC Tank Terminals Holding Netherlands B.V. announces Q3 FY17 financial results conference call
LBC Tank Terminals Holding Netherlands B.V. announces Q3 FY17 financial results conference call.
LBC Tank Terminals announced today it will hold a conference call to discuss its financial results for Q3 FY17 ended 31 March 2017.
The results will be published today, Wednesday, 24th May 2017, followed by a conference call for all investors on Tuesday, 6th June 2017 at 16:00 (Central European Summer Time) / 10:00 (Eastern Daylight Time).
Call details and copies of the financial statements will be made available on the Intralinks website.
Investors of LBC Tank Terminals Holding Netherlands B.V. Senior Notes, due 2023, can request access to Intralinks by contacting: investors@lbctt.com
Ardian acquires stake in LBC
Ardian acquires stake in LBC
ARDIAN CONFIRMS ITS AMBITIONS FOR US INFRASTRUCTURE MARKET THROUGH ACQUISITION OF STAKE IN LBC
London, May 22 2017 – Ardian, the independent private investment company, today announces that it has signed an agreement to acquire a stake in LBC Tank Terminals (“LBC”) from State Super and Sunsuper. LBC, headquartered in Belgium, is a top-tier global independent operator of bulk liquid storage facilities, predominantly for chemical & base oil products. Following the transaction, Ardian will hold a 35% stake in LBC. Current shareholders APG and PGGM will remain invested in the company with a 32.5% stake each.
Seabrook receives first vessel
Seabrook receives first vessel
Seabrook Logistics LLC, owned 50/50 by subsidiaries of LBC Tank Terminals, LLC and Magellan Midstream Partners, L.P., are delighted to announce the receipt of the first AFRAMAX tanker and commissioning of Phase I of its crude oil and condensate marine terminal and pipeline infrastructure. The Phase I project consists of more than 700,000 barrels (111,000 cubic meters) of new crude oil and condensate storage, new AFRAMAX ship dock with 45 foot draft and a new 18 inch (46 centimeter) diameter pipeline, connected to an existing third party pipeline to transport crude oil to a Houston area refinery.
The next phase of the expansion project to add 1.7 million barrels (270,000 cubic meters) of additional storage and construct a new 24 inch (61 centimeter) pipeline connected to Magellan’s Houston crude oil distribution system at Genoa Junction is currently under construction and anticipated to be in-service by mid-2018.
ALKION TERMINALS, LBC TANK TERMINALS AND SOGESTRAN ANNOUNCE THE SIGNING OF TWO SALE & PURCHASE AGREEMENTS
ALKION TERMINALS, LBC TANK TERMINALS AND SOGESTRAN ANNOUNCE THE SIGNING OF TWO SALE & PURCHASE AGREEMENTS
Alkion Terminals (Alkion) and LBC Tank Terminals (LBC) today announced the signing of an agreement in which Alkion will acquire the 50% shareholding of LBC in LBC Sogestrol and the full ownership of 4 tank terminals in France (Bayonne, Le Havre, Marseille, Nantes), 2 tank terminals in Spain (Cartagena, Santander) and 1 tank terminal in Portugal (Lisbon). In parallel, Alkion and Sogestran today announced the signing of an agreement in which Alkion will acquire the 50% shareholding of Sogestran in LBC Sogestrol. Following the concomitant completion of the transactions, Alkion will be the sole owner and operator of LBC Sogestrol, a world-class tank terminal in Le Havre, France.
LBC Tank Terminals Houston has pledged $200,000 to the San Jacinto College Foundation
LBC Tank Terminals Houston has pledged $200,000 to the San Jacinto College Foundation
“We are proud to be collaborating and partnering with the LBC Tank Terminal Group,” said Ruth Keenan, executive director of the San Jacinto College Foundation. “This legacy partnership will directly benefit our College, our students and their families, and the surrounding communities we serve.”
When complete, the total value of the partnership will be approximately $4.3 million. This total includes scholarship, program equipment and facilities support, site development in the form of prep work for facility expansion, additional parking and docking, and a 16-acre wetlands area improvement plan. In addition, LBC Tank Terminals Houston is offering internships for San Jacinto College students, job placement, and instructor support for the maritime and industrial technology trades programs.
“This is an investment in our youth, and an important investment to support our industry needs so that we can keep up with the growing workforce demand,” said LBC Tank Terminals Regional Business President, Americas, John Grimes. “Education is the foundation for our future. We are proud to partner with San Jacinto College and offer this contribution to do our part in filling the gaps in the workforce pipeline.”
LBC Tank Terminals Houston offers deep water access and connections via road, rail and pipelines to the greater Houston industrial complex and beyond. The terminal handles a wide range of chemicals, petrochemicals, oil products and other liquid products, while offering all ground and sea transport modes. It has three ship docks designed to handle large ships and barges, with a customer focus on providing the safest, most reliable and efficient tank storage and logistical systems.
San Jacinto College offers training for new and incumbent workers in maritime and industrial technology. The San Jacinto College maritime program offers training for working mariners to update their USCG certifications, the only associate degree program in maritime transportation in Texas for those who are new to the industry and an associate degree for cargo handling/logistics that is transferable to Texas Southern University and the University of Houston College of Technology. Introduction to Ships and Shipping courses are included in the College’s business administration associate degree, transferable to Texas A&M University in Galveston. Industrial technology training at San Jacinto College prepares students to earn an industry certification, certificate or associate degree in a variety of fields including welding, electrical technology, construction management, process technology, nondestructive testing and more.
About LBC Tank Terminals LBC Tank Terminals is one of the largest global operators of bulk liquid storage facilities for chemical petroleum products and base oil products. LBC owns and operates a global network of terminals at key locations in the United States, Europe and China, while offering loading / unloading services for all modes of transportation. More information is available at www.lbctt.com.
About San Jacinto College Surrounded by monuments of history, industries and maritime enterprises of today, and the space age of tomorrow, San Jacinto College has been serving the citizens of East Harris County, Texas, since 1961. As a fiscally sound institution, the College currently holds bond ratings of AA and Aa2 by Standard & Poor’s and Moody’s, respectively. San Jacinto College is a 2017 Aspen Prize for Community College Excellence Rising Star Award recipient and an Achieving the Dream Leader College. Approximately 30,000 students each semester benefit from a support system that maps out a pathway for success. The College offers seven areas of study that prepare a diverse body of students to transfer to a four-year college or university or enter the workforce with the skills needed to support the growing industries along the Texas Gulf Coast. San Jacinto College graduates contribute nearly $690 million each year to the Texas workforce.
LBC-CEPSA wins prestigious Award
LBC-CEPSA wins prestigious Award
LBC Tank Terminals is proud to announce that LBC-CEPSA, established in December 2006 and located in Antwerp, has been awarded the prestigious global Tank Storage Industry Award for being the Most Efficient Storage Terminal. LBC-CEPSA was selected out of 8 other global competitors in recognition of its impressive throughput rates and operational excellence.
L
BC-CEPSA prides itself on having achieved this award during a period of growth and is focused on continuing to be the supplier of choice, where there is no such thing as a dangerous product, at least not when under its care.
We congratulate our LBC-CEPSA Team to this success and thank them for their dedication and hard work.
STOC EXPO EUROPE – “Hear me speak”
STOC EXPO EUROPE – “Hear me speak”
"Hear me speak": Optimising the customer's supply chain by Walter Wattenbergh, Group CEO, LBC Tank Terminals (Tuesday 28 March 2017 / 10:20 - 10:50)
Magellan Midstream and LBC Expanding Seabrook Logistics’ Houston Gulf Coast Crude Oil and Condensate Marine Terminal and Pipeline Infrastructure
Magellan Midstream and LBC Expanding Seabrook Logistics’ Houston Gulf Coast Crude Oil and Condensate Marine Terminal and Pipeline Infrastructure
TULSA, Okla. and MECHELEN, Belgium, Dec. 6, 2016 /PRNewswire/ -- Magellan Midstream Partners, L.P. (NYSE: MMP) ("Magellan") and LBC Tank Terminals, LLC ("LBC") are expanding the infrastructure of Seabrook Logistics, LLC ("Seabrook Logistics"), owned 50/50 by subsidiaries of Magellan and LBC, by increasing its crude oil and condensate storage and pipeline assets in the Houston Gulf Coast area.
Walter Wattenbergh, Group CEO, appointed as judge for Tank Storage Awards
Walter Wattenbergh, Group CEO, appointed as judge for Tank Storage Awards
We are pleased to announce that Walter Wattenbergh, Group CEO, has been appointed along with a broad selection of other experts from the terminal industry across the globe to judge* the Tank Storage awards 2017 hosted by Tank Storage Magazine. The all new global Tank Storage Awards are designed to recognize and reward excellence in the storage sector and highlight those that excel in a range of different categories relating to terminal achievements, equipment innovations, ports & individual success. The winners will be revealed at the highly anticipated awards ceremony held on the 29th March 2017 after a day of business and networking at the StocExpo Europe exhibition. More information can be found on http://www.tankstoragemag.com/awards/
* Note, the appointed Tank Storage Awards judges receive no personal or financial benefit for their participation.
Rotterdam – LBC Tank Terminals Holding Netherlands B.V. announces Q1 FY17 financial results conference call.
Rotterdam – LBC Tank Terminals Holding Netherlands B.V. announces Q1 FY17 financial results conference call.
LBC Tank Terminals announced today it will hold a conference call to discuss its financial results for Q1 FY17 ended 30 September 2016. The results will be published today, Monday 28 November 2016, followed by a conference call for all investors on Monday, 5 December 2016 at 16:00 (Central European Time) / 10:00 (Eastern Standard Time). Call details and copies of the financial statements will be made available on the Intralinks website. Investors of LBC Tank Terminals Holding Netherlands B.V. Senior Notes, due 2023, can request access to Intralinks by contacting investors@lbctt.com. LBC Tank Terminals LBC Tank Terminals is one of the largest independent operators of bulk liquid storage terminals and the second largest independent chemical storage company in terms of global storage capacity. LBC currently manages a substantial network of port terminals with combined storage capacity of approximately 3.0 million m3 at key locations in the USA, China and along the European coastline. Contacts LBC Belgium Holding NV Steven Pauwels, 0032 15 28 73 10 s-pauwels@lbctt.com
LBC Tank Terminals Holding Netherlands B.V. announces Q4 FY16 financial results conference call
LBC Tank Terminals Holding Netherlands B.V. announces Q4 FY16 financial results conference call
LBC Tank Terminals announced today it will hold a conference call to discuss its financial results for Q4 FY16 ended 30 June 2016. The results will be published today, Thursday 17 November 2016, followed by a conference call for all investors on Wednesday, 23th November 2016 at 16:00 (Central European Time) / 10:00 (Eastern Standard Time). Call details and copies of the financial statements will be made available on the Intralinks website. Investors of LBC Tank Terminals Holding Netherlands B.V. Senior Notes, due 2023, can request access to Intralinks by contacting investors@lbctt.com.
Magellan Midstream and LBC Enter into Letter of Intent to Expand Seabrook Logistics’ Houston Gulf Coast Crude Oil and Condensate Infrastructure
Magellan Midstream and LBC Enter into Letter of Intent to Expand Seabrook Logistics’ Houston Gulf Coast Crude Oil and Condensate Infrastructure
Tulsa, OK and Mechelen, Belgium - Magellan Midstream Partners, L.P. (NYSE: MMP) ("Magellan") and LBC Tank Terminals, LLC ("LBC") announced today that they have entered into a letter of intent for Seabrook Logistics, LLC ("Seabrook Logistics"), owned 50/50 by Magellan and LBC, to expand its crude oil and condensate storage, marine capacity and pipeline infrastructure in the Houston Gulf Coast area.
LBC Tank Terminals Holding Netherlands B.V. announces Q3 FY16 financial results conference call
LBC Tank Terminals Holding Netherlands B.V. announces Q3 FY16 financial results conference call
LBC Tank Terminals announced today it will hold a conference call to discuss its financial results for Q3 FY16 ended 31 March 2016.
Announcement from the CEO: Changes at LBC Americas
Announcement from the CEO: Changes at LBC Americas
I regret to inform you that Lawrence Waldron, Business President LBC Americas, has decided to leave LBC to pursue other opportunities. I would like to thank Lawrence for his, albeit short tenure at LBC, dedication and hard work. Please join me in thanking Lawrence and wishing him lots of success in his career outside of LBC.
CEO Outlook 2016
CEO Outlook 2016
In the February/March edition of the TankStorage Magazine, our CEO, Mr. Walter Wattenbergh gives a short introduction to LBC's Management team as well as a business outlook into 2016. The article can be found here.
LBC Tank Terminals Holding Netherlands B.V. announces Q2 FY16 financial results conference call
LBC Tank Terminals Holding Netherlands B.V. announces Q2 FY16 financial results conference call
LBC Tank Terminals announced today it will hold a conference call to discuss its financial results for Q2 FY16 ended 31 December 2015.
Rotterdam Ground Breaking: LBC Tank Terminals Start Building Additional stainless steel tank capacities
Rotterdam Ground Breaking: LBC Tank Terminals Start Building Additional stainless steel tank capacities
In order to meet the increasing demands of its customers, LBC has initiated the construction of additional tank capacity at the LBC terminal in Botlek - Rotterdam in February 2016.
LBC Tank Terminals Holding Netherlands B.V. announces Q1 FY16 financial results conference call
LBC Tank Terminals Holding Netherlands B.V. announces Q1 FY16 financial results conference call
LBC Tank Terminals announced today it will hold a conference call to discuss its financial results for Q1 FY16 ended 30 September 2015.
LBC Tank Terminals Holding Netherlands B.V. announces Q4 FY15 financial results conference call
LBC Tank Terminals Holding Netherlands B.V. announces Q4 FY15 financial results conference call
LBC Tanks Terminals announced today it will hold a conference call to discuss its financial results for Q4 FY15 ended 30 June 2015.
Rotterdam Ground Breaking: The Port of Rotterdam and LBC Tank Terminals Start Building New Jetty
Rotterdam Ground Breaking: The Port of Rotterdam and LBC Tank Terminals Start Building New Jetty
The Port of Rotterdam Authority has initiated the construction of a new jetty at the LBC terminal in Botlek - Rotterdam on October 2nd, 2015.
Magellan Midstream and LBC Tank Terminals Form 50/50 Joint Venture to Build Terminal and Pipeline Infrastructure on the Houston Gulf Coast
Magellan Midstream and LBC Tank Terminals Form 50/50 Joint Venture to Build Terminal and Pipeline Infrastructure on the Houston Gulf Coast
Tulsa, OK and Mechelen, Belgium - Magellan Midstream Partners, L.P. (NYSE: MMP) ("Magellan") and LBC Tank Terminals, LLC ("LBC") announced today that they have formed a 50/50 limited liability company Seabrook Logistics, LLC ("JV"), to own and operate crude oil storage and pipeline infrastructure in the Houston Gulf Coast area.
LBC Tank Terminals Holding Netherlands B.V. announces Q3 FY15 financial results conference call
LBC Tank Terminals Holding Netherlands B.V. announces Q3 FY15 financial results conference call
LBC Tank Terminals announced today it will hold a conference call to discuss its financial results for Q3 FY15 ended 31 March 2015.
Announcement Group CFO
Announcement Group CFO
LBC Tank Terminals announced today that Walter Wattenbergh, Group CEO and the Board of LBC appointed Mr Niels Van Bladeren as LBC's Group Chief Financial Officer.
The Port of Rotterdam and LBC Tank Terminals jointly invest in new jetty
The Port of Rotterdam and LBC Tank Terminals jointly invest in new jetty
The Port of Rotterdam and the independent storage company LBC Tank Terminals have reached a long term agreement for the construction of a new jetty at the LBC terminal in Botlek - Rotterdam.
LBC Tank Terminals Holding Netherlands B.V. announces Q2 FY15 financial results conference call
LBC Tank Terminals Holding Netherlands B.V. announces Q2 FY15 financial results conference call
LBC Tanks Terminals announced today it will hold a conference call to discuss its financial results for Q2 FY15 ended 31 December 2014.
Appointment of new Chairman to the Board of LBC Tank Terminals
Appointment of new Chairman to the Board of LBC Tank Terminals
The Board of LBC would like to announce that the chairman of LBC, François Cornélis, has stepped down from this position, with immediate effect.
Appointment of Walter Wattenbergh as Group Chief Executive
Appointment of Walter Wattenbergh as Group Chief Executive
LBC Tank Terminals, the international bulk liquid storage company is pleased to announce the appointment of Walter Wattenbergh as its new Group Chief Executive. Mr Wattenbergh will join LBC in April 2015.
LBC Tank Terminals Holding Netherlands B.V. announces Q1 FY15 financial results conference call
LBC Tank Terminals Holding Netherlands B.V. announces Q1 FY15 financial results conference call
LBC Tanks Terminals announced today it will hold a conference call to discuss its financial results for Q1 FY15 ended 30 September 2014.
LBC Tank Terminals Holding Netherlands B.V. announces Q4 FY14 financial results conference call
LBC Tank Terminals Holding Netherlands B.V. announces Q4 FY14 financial results conference call
LBC Tanks Terminals announced today it will hold a conference call to discuss its financial results for the Q4 FY14 ended 30 June 2014.
LBC TT Antwerp responds to new Emission Control Areas Regulations
LBC TT Antwerp responds to new Emission Control Areas Regulations
To address the new Emission Control Areas (ECAs) sulfur limitations LBC's Antwerp terminal has recently added extra storage capacity allowing bunker players to meet the new sulfur oxides limitations, set to be introduced on 1 January, 2015. LBC's Antwerp terminal announces it is able to provide an additional 35.000 m3 capacity for storage of distillates and heavy fuel oil.
LBC Tank Terminals Holding Netherlands B.V. announces Q3 FY14 financial results conference call
LBC Tank Terminals Holding Netherlands B.V. announces Q3 FY14 financial results conference call
LBC Tanks Terminals announced today it will hold a conference call to discuss its financial results for the Q3 FY14 ended 31 March 2014.
LBC Tank Terminals Announces CEO Brett Simpson’s Departure
LBC Tank Terminals Announces CEO Brett Simpson’s Departure
LBC Tank Terminals today announced that the group's chief executive officer, Brett Simpson, has resigned and is leaving LBC Tank Terminals Group.
LBC Tank Terminals Holding Netherlands B.V. announces Q2 FY14 financial results conference call
LBC Tank Terminals Holding Netherlands B.V. announces Q2 FY14 financial results conference call
LBC Tanks Terminals announced today it will hold a conference call to discuss its financial results for the Q2 FY14 ended 31 December 2013.
LBC Tank Terminals Holding Netherlands B.V. announces Q1 FY14 financial results conference call
LBC Tank Terminals Holding Netherlands B.V. announces Q1 FY14 financial results conference call
LBC Tanks Terminals announced today it will hold a conference call to discuss its financial results for the Q1 FY14 ended 30 September 2013.
LBC Tank Terminals Holding Netherlands B.V. announces Q4 FY13 financial results conference call
LBC Tank Terminals Holding Netherlands B.V. announces Q4 FY13 financial results conference call
LBC Tanks Terminals announced today it will hold a conference call to discuss its financial results for the Q4 FY13 ended 30 June 2013.
LBC appoints Lawrence Cresci as Group President of Operations
LBC appoints Lawrence Cresci as Group President of Operations
Today Brett Simpson announced the appointment of Lawrence Cresci as LBC's Group President of Operations. Lawrence will take up his new position on 14 October 2013, and will be based in from the group's Bayport terminal in Houston, USA.
LBC Tank Terminals announces the appointment of a new Business President for Europe
LBC Tank Terminals announces the appointment of a new Business President for Europe
LBC Tank Terminals today announces the appointment of Luc Jorissen as Business President for LBC's European Region, effective October 1st, 2013.
LBC Tank Terminals’ Announces CFO Lucas Barry’s Departure
LBC Tank Terminals’ Announces CFO Lucas Barry’s Departure
LBC Tank Terminals today announced that the group's Chief Financial Officer, Lucas Barry, informed the board of directors of his plans to leave LBC to return to his native Australia.
"Lucas has been nothing but a rock solid partner to me and support to the LBC Tank Terminals group since the day he walked in the door just over 3 years ago. His contribution, performance and achievements speak for themselves." said Brett Simpson, CEO of the LBC Group. "We have had a number of discussions over recent days and it is clear to me that his resignation is driven by personal reasons alone causing Lucas and his wife to return back to Australia. I wish them every happiness with their future endeavors"Whilst the exact date of Lucas Barry’s departure has not yet been determined, the company has confirmed that there will be no immediate changes and that Lucas Barry will remain with the business into the New Year.
LBC Tank Terminals Holding Netherlands B.V. announces Q3 FY13 financial results conference call
LBC Tank Terminals Holding Netherlands B.V. announces Q3 FY13 financial results conference call
LBC Tanks Terminals announced today it will hold a conference call to discuss its financial results for the Q3 FY13 ended 31 March 2013.
LBC Houston receives ILTA Safety Award
LBC Houston receives ILTA Safety Award
LBC were recognized at the ILTA Annual Safety Awards for exceptional safety performance throughout 2012.
European Base Oils Markets – 2013, Turkey
European Base Oils Markets – 2013, Turkey
LBC’s Senior Sales Manager, Jonathan Feys recently spoke at the Argus European Base Oils Markets, about ‘The Strategic Role of Tank Terminals in a Changing Global Base Oil Market’.
LBC Tank Terminals completes the offering of U.S. $350 million Senior Notes due 2023 and the refinancing of existing credit facilities
LBC Tank Terminals completes the offering of U.S. $350 million Senior Notes due 2023 and the refinancing of existing credit facilities
LBC recently completed the refinancing of its existing debt facilities through raising new senior secured credit facilities of $396 million with a maturity in 2020 and issuing $350 million 6.875% senior notes due 2023. The new credit facilities include an undrawn $100 million multi-currency capex facility which will provide LBC an important source of capital to fund its expansion plans at its existing sites.
LBC Tank Terminals’ COO David Knowles to retire
LBC Tank Terminals’ COO David Knowles to retire
LBC Tank Terminals today announced that the group's Chief Operations Officer, David Knowles, informed the board of directors of his plans to retire after 37 years of service with the group.
LBC Marseille is moving!
LBC Marseille is moving!
LBC Marseille has moved its office location in Marseille to LBC’s terminal in Lavéra. This move is effective as of 2 May 2013 and the address is: LBC Tank Terminals Route du Port Pétrolier 13117 Lavéra
LBC Tank Terminals announces the appointment of a new Business President for the Americas region
LBC Tank Terminals announces the appointment of a new Business President for the Americas region
LBC Tank Terminals today announced that Brett Simpson, LBC Group CEO, has appointed Mike Reed as President of LBC's Americas Regional Business, effective April 1st, 2013.
LBC Tank Terminals and CN team up to increase heavy northern Alberta crude oil shipments through Geismar, La., facility
LBC Tank Terminals and CN team up to increase heavy northern Alberta crude oil shipments through Geismar, La., facility
CN (TSX: CNR) (NYSE: CNI) announced today it will increase shipments of heavy northern Alberta crude oil through LBC Tank Terminals’ expanded terminal at Sunshine, located within the Geismar, La., Industrial Complex, starting in March 2013.
LBC Nantes Launches New Bitumen Facility for Shell
LBC Nantes Launches New Bitumen Facility for Shell
LBC Tank Terminals has completed the first new bitumen facility for Shell in its LBC terminal of Nantes, with a capacity of 12.000m3. The first shipment of bitumen was received in January, one month ahead of completion.
Marine Ship Dock and New Barge Docks Approved for Construction, LBC Bayport
Marine Ship Dock and New Barge Docks Approved for Construction, LBC Bayport
LBC Tank Terminals has moved another step closer to expanding its Bayport Terminal in Seabrook Texas.
Recognition of Excellence for LBC Shanghai
Recognition of Excellence for LBC Shanghai
LBC Shanghai has received an award for its excellent economic and export performance by the Shanghai Municipal Commission of Commerce and the Shanghai Association of Enterprises with Foreign Investment.
LBC attending APPEC 2012 in Singapore
LBC attending APPEC 2012 in Singapore
LBC Tank Terminals will be attending the 28th annual Asia Pacific Petroleum Conference in Singapore, and are again confirmed as gold sponsors.
LBC Announces New Shareholders
LBC Announces New Shareholders
LBC Group today confirms that a consortium advised by Access Capital Advisers (Access) comprising Dutch pension fund asset managers APG Algemene Pensioen Groep N.V. (APG), PGGM (through its PGGM Infrastructure Fund 2012) (PGGM) and Australian superannuation investors has completed its acquisition of the remaining 70% of LBC Terminals Jersey Limited (LBC) from Challenger Infrastructure Fund and Challenger Life.
New Storage Capacity for LBC in Baton Rouge, USA
New Storage Capacity for LBC in Baton Rouge, USA
LBC Tank Terminals has announced plans to expand its operations at its Baton Rouge terminal, located in the Geismar Industrial Complex, on the Mississippi.
LBC adds 41 000 m3 of capacity to its Antwerp terminal to meet increasing market demand
LBC adds 41 000 m3 of capacity to its Antwerp terminal to meet increasing market demand
Located in the center of the second largest chemical cluster worldwide, LBC's Antwerp terminal is a key component in LBC's ambitious strategy for international growth. Recognizing the importance of the site to its multi-national customer base, LBC has announced plans to expand its operations, increasing capacity by 41 000 m3.
Shell and LBC Tank Terminals sign agreement
Shell and LBC Tank Terminals sign agreement
Shell and LBC Tank Terminals have signed an agreement for the construction and operation of two bitumen storage facilities to be located at the LBC terminals in Nantes and Bayonne, both in France. The facilities are expected to be operational as from February 2013.
LBC announces the appointment of new CFO
LBC announces the appointment of new CFO
LBC Tank Terminals announced today that Brett Simpson LBC Group CEO and the LBC Board have appointed Mr Lucas Barry as LBC's Chief Financial Officer.
LBC Tank Terminals moves company headquarters to Mechelen, Belgium
LBC Tank Terminals moves company headquarters to Mechelen, Belgium
LBC Tank Terminals moves company headquarters to Mechelen, Belgium to better serve customers and drive future growth.
LBC Tank Terminals moves company headquarters to Mechelen, Belgium to better serve customers and drive future growth.
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