Amman:Arab Potash Company (APC) and its subsidiary, APC Trading and Logistics Europe AG, have entered into a three-year renewable handling and storage service agreement with the Belgian group Euroports. This agreement, signed on Sunday, aims to support the storage, distribution, and re-export of products across Northwest Europe.
According to Jordan News Agency, the agreement secures 60,000 metric tons of storage capacity for APC at Euroports' new warehouse facility, which is currently under construction at the Port of Antwerp. The facility is scheduled for completion in January, and APC is set to become a primary partner at the terminal.
APC Chairman Shehadah Abu Hdaib described the agreement as a significant step in expanding the company's long-term presence in Europe. He emphasized that the deal consolidates Jordanian potash in a highly competitive global market and enhances APC's global competitiveness while supporting the Jordanian national economy.
APC CEO Maen Nsour highlighted that the partnership builds on three years of collaboration with Euroports. It reinforces APC's strategic goals of diversifying markets and scaling supply chain operations in anticipation of planned production increases.
Logistics Europe AG Senior Executive Vice President Rashid Al-Lubani stated that having a localized presence in Europe allows for tailored commercial solutions for their clients. Logistics Europe AG will manage inventory, oversee daily operations, and work directly with Euroports. This setup will enable APC to maintain buffer stock close to key markets, facilitating faster deliveries via river barges, feeder vessels, and trucks.