„The Board of Directors of TTS approved the investment project to increase the operational capacity of TTS group’s grain terminal in the Port of Constanța. Currently in its third phase, the project consists of investments to increase the terminal’s storage capacity from 110.000 tons at present to 180.000 tons,” reads the company’s report.
The investment includes 6 storage cells with a capacity of 10.975 tons each, 5 buffer cells with a capacity of 863 tons each, a new intake point for goods from river units, equipment for one of the two new truck unloading points, necessary equipment (belts, elevators) to serve the cargo flows and connections with the old terminal, and 3 in-line scales.
The new terminal will receive goods from barges and trucks through two unloading points with a handling capacity of 350 tons/hour each. For the transshipment of goods onto ships, the two existing shiploaders will be used, ensuring a speed of 800–1.000 tons/hour.
The investment will be carried out by the subsidiary Canopus Star S.R.L. Constanța. The estimated project budget is EUR 22,9 million, excluding VAT, of which approximately 35% will be covered by Canopus Star’s own resources, with the remainder to be financed through a bank loan currently under negotiation.
TTS has a RON840 million capitalization. Since the start of the year, its shares have dropped by 48%. The company ended the first nine months of 2024 with RON387.2 million individually, down 43% from the year-earlier period.
Net profit slid by 57.4% to RON52.8 million.
(English version by Catalina Apostoiu)