The Hambantota International Port Group (HIPG) and leading cement manufacturer INSEE Cement have entered into an MoU to ensure the efficient transfer of raw materials to their factory in Galle, via the Hambantota Port.
The agreement was signed between Gustavo Navarro, chief Executive Officer of INSEE Cement and Johnson Liu, CEO of HIPG at a ceremony held at The Hambantota Maritime Center.
CEO of HIPG Johnson Liu on the occasion said INSEE Cement was Hambantota International Port’s (HIP) first customer for dry bulk cargo and recognizing the value the companies bring to each other, they decided to strengthen the partnership by entering into an agreement that will continue creating win-win opportunities that will be of mutual benefit.
The CEO added that the port handled a dry bulk volume of over 1 million metric tonnes in 2021, for the first time exceeding the 1 million range, under a single customer, which was a milestone achievement for the port.
Gustavo Navarro, Chief Executive Officer of INSEE Cement said that working with HIPG has been a great advantage for them. “Due to the limitations we have experienced in our previous operations, we couldn’t bring bigger vessels with larger volumes. HIP has been a great business partner for us and the port came up with some creative solutions to get our raw materials delivered efficiently and in a timely manner which made a positive impact on our operation. This has not only benefited our company but also the local economy in terms of dollar savings because it reduced freight costs we otherwise paid to foreign vessels.”
The agreement with INSEE is a stepping-stone for the port. HIP is fast positioning itself as a fully functional multi-purpose port with continuous training and testing of its systems for optimum efficiency, which is part of the DNA of all CMPort operations across the globe.
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