Vopak
 |
|
| Naamloze vennootschap | |
| Traded as | Euronext: VPK |
| Industry | Marine transportation |
| Founded | 1999 |
| Headquarters | Rotterdam, Netherlands |
|
Key people
|
Eelco Hoekstra (CEO), Anton van Rossum (Chairman of the supervisory board) |
| Products | Tank terminals for petrochemicals and fuels, LNG regasification terminals |
| Revenue | €1.295 billion (2013) |
| €442.0 million (2010) | |
| Profit | €311.9 million (2013) |
| Total assets | €3.831 billion (end 2010) |
| Total equity | €1.550 billion (end 2010) |
|
Number of employees
|
6,174 (end 2013) |
| Website | www.vopak.com |
Royal Vopak N.V. (Dutch: Koninklijke Vopak) is a Dutch company that stores and handles various oil,chemicals, edible oils and natural gas-related products. The company was created by the merger of Van Ommeren and Pakhoed in 1999. In 2002, the distribution of oil and natural gas related products was split off; a new company Univar was created for that purpose. The head office is located in Rotterdam.
Vopak is listed on the AEX index of Euronext Amsterdam.
In 1998 the companies Royal Pakhoed nv and Royal van Ommeren nv decided to merge. Both companies were offering storage services for oil-, (petro)chemical products, vegetable oils etc. Both companies were also active on the market of shipping (tankers) and other logistical services.
Besides their overlapping activities Van Ommeren offered heavy-goods transport via Dockwise and Pakhoed offered distribution services for chemical products via the company Univar.
The European Commission ruled that the merger would give the combined company too much market power in storage services in the Antwerp-Rotterdam-Amsterdam (ARA)-area, on which made the offer to sell parts of their storage-tank capacity. The EC ruled this as insufficient and the merger was canceled.
Renewed negotiations resulted in the combination selling the Pakhoed terminals in Pernis and Botlek as well as van Ommeren selling their stake in Gamatext in the Port of Antwerp. This new offer convinced the EC to approve the merger and in 1999 it was publicly announced
On 15 April 2000 Vopak announced that they sold their 1,5 million m³ Botlek terminal to Norwegian competitor Odfjell. Odfjell had already terminals in Houston, China and South-America. The entire workforce of 260 people also moved to Odfjell. Eerder dat jaar deed Vopak al zijn belang in de Antwerpse terminal Gamatex over aan de Amerikaanse partner GATX.
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Wikipedia