December 2, 2010 [Globe Newswire] - Westway Group, Inc. ("Westway" or the "Company") today announced that its subsidiary Westway Terminal Company LLC is in the process of expanding the capacity of two terminal sites:
- Four tanks totaling approximately 4.2 million gallons of capacity in the aggregate are scheduled to begin construction in December 2010 at our Houston 1 terminal, with completion expected in the latter half of 2011. After completion, this facility will have a total capacity of approximately 62 million gallons.
- Phase 5 of our Houston 2 facility is also scheduled to begin construction in December 2010, and it will consist of four new tanks totaling approximately 2.5 million gallons of capacity in the aggregate. We anticipate completion in the latter half of 2011. After completion, this facility will have a total capacity of approximately 37 million gallons.
Commenting on these near-term projects, James B. Jenkins, Chief Executive Officer, stated that, “Westway continues to make significant investments in the expansion of our terminal operations, which we believe will continually provide attractive returns. We are proud of the many accomplishments of our Westway team of professionals, their dedication to the profitable growth of our company and the fostering a global Westway brand. We are also appreciative of our loyal customer base which is expanding as we grow our footprint consistent with a dedication to delivering the highest quality of customer service everywhere in our system.”