Navios Inaugurates New Silo in Uruguay
Navios South American Logistics Inc., inaugurated a new silo In the Free Zone of Nueva Palmira. The new silo is the largest of its kind in Uruguay and will substantially contribute to the logistics infrastructure of the country. With the inauguration of the silo, Navios’ terminal has a total static storage capacity of 460,000 tonnes, equivalent to the annual consumption of wheat of Uruguay.
The new silo, reflecting a capital commitment of $10 million, can store 100,000 tons of grain in four compartments with a capacity of 25,000 tons each. The silo is 220 meters long, 50 meters wide and 26 meters high and is connected by conveyor belts that carry the grain commodities from both the trucks and barges arriving at the port. The new silo will also contribute to a better loading rate of the vessels docking at the port of Nueva Palmira.
Putting the country's largest silo into operation is the first stage of an ambitious investment plan. The company is also constructing a new conveyor belt linking the series of silos with the ocean pier. This conveyor belt will further reduce loading time of vessels calling at the terminal, and will result in lower waiting times and costs savings for our customers.
For more than 50 years, Navios has fueled the growth of the port of Nueva Palmira as a national and regional logistics hub. During all these years, the company has continuously invested in the expansion of services and activities undertaken in the port terminal, which operates under the free zone regime.