UBA ads

The port operations arm of Sifax Group, Sifax Ports and Cargo Handling Services Limited has acquired over $20 million worth of mobile harbour cranes and other equipment, which were delivered by the German firm, Lierherr Group.

The equipment include five shore cranes, nine reach stackers, 10 terminal tractors, five Nissan pickup vehicles, four trailer backs and other pieces of machinery.

At the inauguration of the new equipment, Sifax Group’s Managing Director, Adekunle Oyinloye, said that the company acquired the necessary equipment in line with its vision of strategically investing to deliver quality service to its clients and to further attract more patronage.

He expressed optimism that the company’s new project, which is presently being worked upon, would reposition it into becoming the number one choice terminal for all, both in Nigeria and West Africa.

Sifax acquires $20 million worth of German mobile harbour cranes


Oyinloye’s words: “With our new internal restructuring project code-named Quantum Leap, Sifax Group is repositioning itself to become the first choice terminal not just in Nigeria but in West Africa.

 “We have also set a target that will increase our revenue with over 300% in five years. One of the ways we can achieve our set targets is to first begin with investment in equipment which will complement our excellent personnel asset.” 

[READ MORE: Resort savings raises N4.3 billion, as Camey and Rock acquire majority shares)

Standard chartered

Managing Director, Sifax Ports & Cargo Handling Services Limited, John Jenkins  emphasized the need for the company to acquire the latest equipment in order to meet the architecture requirements of modern ships calling the terminal.

Standard chartered
Deal book 300 x 250

About Sifax Group: Sifax Group was founded in 1988. Its port operation arm, Sifax Ports and Cargo Handling Services Limited commenced operations effectively on May 10, 2006, at Terminal C in Tin Can Island Port, Lagos, Nigeria. The terminal has four berths with a combined length of 795 meters and 13 meters draft and conveniently handles bulk/general cargo carriers, as well as container and RORO vessels.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.