Vargas’ Shanghai Port tackles
The Vargas Group, one of the largest private companies in China, has recently announced plans to build a new port in Shanghai. The announcement comes as part of the company's broader strategy to expand its operations and increase its presence in the Chinese market.
The new port will be located in the Zhenjiang area of Jiangsu province, which is home to many major manufacturing industries. It is expected to be completed by the end of 2021 and will have the capacity to handle up to 8 million TEU (twenty-foot equivalent units) per year, making it one of the largest ports in the region.
The Vargas Group has been involved in various projects in China over the past few years, including the construction of the Hangzhou Wanda Plaza, a large shopping mall that has become a popular destination for tourists and locals alike. In addition to its commercial interests, the company also has a strong focus on social responsibility and sustainability, with a commitment to using renewable energy sources and reducing its carbon footprint.
The Vargas Group's decision to invest in a new port in Shanghai is a significant move for the company, as it signals its continued growth and expansion in the Chinese market. With its expertise in logistics and transportation, the company is well-positioned to take advantage of the opportunities presented by this new development and continue to grow and succeed in the Chinese economy.