Stockomendation Regulatory News Service

RNS For Ocean Wilsons Holdings Ltd. (OCN)

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Wilson Sons Limited: Tecon Salvador

RNS Number : 1766K
Ocean Wilsons Holdings Ld
12 December 2018

Ocean Wilsons Holdings Limited

Wilson Sons Limited: Tecon Salvador


Our principal operating subsidiary, Wilson Sons Limited made the following announcement to the Brazilian and Luxembourg Stock Exchanges.

Wilson Sons Limited (B3: WSON33) ("Wilson Sons" or "Company") informs that on 7 December 2018 its wholly-owned subsidiary Tecon Salvador S.A. ("Tecon Salvador") signed an agreement with Shanghai Zhenhua Heavy Industries Co., Ltd. ("ZPMC") to purchase three Ship-to-Shore quay cranes ("STSs") and five Rubber-Tyred Gantry yard cranes ("RTGs"), together with other equipment and spare parts. The equipment is expected to arrive in the second quarter of 2020. After installation the terminal will have a total of nine STSs and 16 RTGs.

This investment is part of Tecon Salvador expansion plan and reflects the Company's commitment to continuous improvements in productivity and operational efficiency. Tecon Salvador investment plan will promote the development of the Port of Salvador, creating jobs and reinforcing economic growth in Bahia.


Company Contact

Keith Middleton                                                                     +1 441 295 1309



David Haggie

Haggie Partners LLP                                                           +44 20 7562 4444


Cantor Fitzgerald Europe

David Foreman, Will Goode (Corporate Finance)            +44 20 7894 7000





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