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ROYAL VOPAK

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ROYAL VOPAK - Energy & Power showcase

Year Founded & Workforce

1565

5,559 Employees

Industry

Energy & Power

Services

Tank storage for oil and gas
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ROYAL VOPAK Employee Contacts

6 verified contactsNames, job titles, seniority and locations

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ROYAL VOPAK Overview

Company Headquarters: Rotterdam, Netherlands

Founded: 1565

Workforce: ~5,559

Company Working: Royal Vopak is a global leader in tank storage solutions. It provides secure, clean, and efficient storage and handling bulk liquid products and gases, including chemicals, oils, gases, LNG, biofuels, and vegoils. The company has a presence in over 23 countries spread across four divisions, which are Europe & Africa, Asia & the Middle East, China & North Asia, and the Americas.

Strategy

Royal Vopak strategizes to partner with strong regional players to expand its business and customer base. To provide customers with satisfactory services, the company has developed its own operational and safety standards. It operates global storage and logistics network terminals that are strategically located at major trade routes. This helps the company to provide facilities that are safer and cleaner. These terminals can efficiently store and handle liquid and gaseous products in bulk quantities. The company has adopted technological advancements to ensure efficiency in its operations. Royal Vopak invests heavily in the training and development of its employees, which helps the organization in gaining efficient performance.

Company Snapshot

$1,513.1M

Revenue

5,559

Employees

1565

Founded

Rotterdam, Netherlands

Headquarters

SWOT Analysis

Strengths

  • Wide global presence
  • Strong brand recognition
  • Increasing revenue in the last three years

Weaknesses

  • Increasing operating costs
  • High risk of liquidity

Opportunities

  • Scope for strategic mergers and acquisitions
  • Advancements in storage technologies

Threats

  • Changing environmental regulations
  • Financial risks associated with the EU crisis

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Key Developments

DateApproachDevelopment
April 2020PartnershipRoyal Vopak formed a partnership with Keppel Data Centres Holding Pte Ltd to study the feasibility of developing a Floating Data Centre Park and an LNG-to-power infrastructure in Singapore.
September 2019AcquisitionRoyal Vopak acquired 49% shares in Sociedad Portuaria el Cayao (SPEC) in Colombia. SPEC owns the only LNG import facility consisting of an LNG jetty, onshore infrastructure, and a 9.2 km gas pipeline connecting to a national gas grid.

Product Offering

  • ROYAL VOPAK
    • Tank storage for oil and gas

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: SBU breakup-0 fell from USD 1,513.1 Mn in 2016 to USD 1,407.2 Mn in 2019.
ROYAL VOPAK — By Business Segment
Series (USD Mn)2016201720182019
SBU breakup-01,513.11,493.21,409.31,407.2

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