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UPDATE 1-Hutchison Ports halfway done with major Mexican port expansion

Reuters
·1-min read

(Adds detail on expansion in paragraph 2, context in paragraphs 3-4)

MEXICO CITY, Oct 25 (Reuters) - Hutchison Ports has completed 50% of the expansion works for a terminal located at Mexico's major Pacific coast port of Lazaro Cardenas with a $220 million investment, the firm said on Wednesday.

The expansion is set to boost the terminal's capacity to handle 2 million 20-foot container equivalent units (TEU's) from 1.3 million, according a company statement.

Hutchison Ports moved more than 800 containers per eight-hour shift in the first semester of the year.

The company obtained a partial cession of rights to operate the busy terminal in 2003. (Reporting by Diego Ore; Editing by David Alire Garcia and Brendan O'Boyle)