A newly opened facility opened near International Container Terminal Services, Inc.’s (ICTSI) Mindanao Terminal Center (MCT) will greatly aid the port facility in posting double-digit growth for 2010.
ICTSI, in a statement, said the activation of the Cagayan De Oro Distribution Center located in Barangay Casinglot, Tagoloan, Misamis Oriental opens MCT to the prospect of more cargo.
The center is used by MCT’s biggest client, Nestlé Philippines.
“The new distribution center will also definitely help ease the shipment of goods as it caters to customers in the Visayas and Mindanao region,” the terminal operator added.
The distribution center complements Nestlé’s other distribution centers in Luzon.
It sends and receives products manufactured by the Cagayan de Oro factory as well as raw material imports needed by local Nestlé factories.
Nestlé’s Cagayan De Oro plant produces filled milk and coffee.
It forms part of the company’s Asean Supply Centers for infant nutrition, filled milk powder and breakfast cereals along with the Cabuyao and Lipa factories.
In 2009, domestic trade at the MCT accounted for 66 percent of the port’s total container volume and foreign trade the rest.
Large clients such as Nestle and Del Monte brought in much of the local volume.
International carriers Maersk, APL, Regional Container Lines and Pacific Eagle Lines regularly call at the port as well as local lines NMC Container Lines and MCC Transport Phils.
Last year, MCT saw cargo volume increase 10 percent to 118,664 twenty-foot equivalent units (TEUs), five higher than the target. (PNA)