Terminals allow to slag to reach markets in mid-Atlantic
Our Wilmington and Chesapeake Terminals recently unloaded 10,000 metric tons (MT) each of imported slag. What makes this occurrence even more special is that this is the first slag ship to dock at the Chesapeake Terminal since Argos acquired the terminal in December 2016, and the first vessel received at our Wilmington Terminal since 2012.
From the Chesapeake Terminal, this slag is destined for the local Chesapeake market, as well as for the Leetsdale (Pittsburgh) market, which is possible because of the scale that we installed at Chesapeake in 2017, to allow the material to be railed to the Leetsdale Terminal. The slag in Wilmington will be distributed to our ready mix plants in the area and to third-party customers.
By leveraging our logistics network, we are able to move materials like this slag into markets that might have otherwise had limited supply, allowing us to better serve our customers. In addition to that, the purchase of the 20,000 MT was secured in cooperation with Argos trading arm (BVI), which is in line with our strategy to improve costs and create efficiencies.
