LBC Tank Terminals

Shell and LBC Tank Terminals sign agreement for the construction and operation of two bitumen storage facilities in France

29 February 2012

Shell and LBC Tank Terminals have signed an agreement for the construction and operation of two bitumen storage facilities to be located at the LBC terminals in Nantes and Bayonne, both in France. The facilities are expected to be operational as from February 2013.

Shell intends to maintain its leadership in bitumen distribution in France and to offer long term security of supply to its customers.

LBC's strategy aims for growth and sets out to further develop the existing facilities in France at the LBC terminals in Le Havre, Nantes, Bayonne and Marseille/Lavera. LBC is currently the only global independent storage provider offering bitumen storage capacity in France. After completion of the two new units, LBC will have 5 bitumen facilities in France.

About Shell Bitumen

For more than 85 years Shell has been one of the leaders in bitumen products and service innovation and the company is focused on developing a world class portfolio of bitumen products and services designed to address emerging needs.

Shell is to producing, transporting and delivering to customers the quality of bitumen they need, at the right temperature, where and whenever required. The Shell Bitumen network is set up at a European level, with refineries, factories, depots and terminals, and able to responds dynamically to this mission by overcoming any issues of demand, production and seasonality.

This network is organized around three major regions of Europe: France and Benelux, DACH / CEE (Germany, Austria, Switzerland / countries of Eastern Europe), Nordic / UK (United Kingdom, Norway, Denmark).

LBC announces the appointment of new CFO

18 June 2010

LBC Tank Terminals today announced that Brett Simpson LBC Group CEO and the LBC Board has appointed Mr Lucas Barry as LBC's Chief Financial Officer.

Lucas joins LBC after 16 years in the financial services sector and seven years at Challenger specialising in infrastructure for the last five years. Prior to Challenger Lucas was a Senior Manager in KPMG Assurance & Advisory Practise. Lucas's most recent role has been CFO of Challenger Infrastructure Group.

Lucas has been CFO for Challenger Infrastructure Fund since the IPO of CIF and has played an active role in the management, growth and expansion of LBC among other assets within the fund and brings with him a wealth of experience and knowledge.

Lucas successfully led a number of finance teams within both Challenger Infrastructure Fund and KPMG. He is responsible for delivering substantially improved transparency in the reported earnings and value drivers of CIF and its assets to CIF's investors as well as numerous capital raisings, acquisitions and transactions. Lucas' appointment will be effective from 1 September, 2010.

Brett Simpson, Chief Executive of LBC said, "I am delighted to announce the appointment of Lucas to complement LBC's management team. Lucas' vast knowledge and longstanding relationship with the management team here will be a key driver in ensuring LBC successfully delivers on its significant growth aspirations."

LBC Tank Terminals moves company headquarters to Mechelen, Belgium to better serve customers and drive future growth

3 June 2010

LBC Tank Terminals announced today that, effective 1 June 2010, the company will relocate its headquarters from Paris, France to Mechelen, Belgium as part of an ambitious and accelerating business strategy to better serve customers and support future growth. The move also underscores the company's expanding global position as the preferred global provider of bulk liquid storage solutions and reflects LBC's continued evolution as a customer-focused organization.

"LBC's move to Mechelen is critical to the success and growth of our business as the preferred global provider of bulk liquid storage solutions" said Brett Simpson, chief executive officer, LBC Tank Terminals. "It clearly demonstrates our strong and unyielding commitment to our customers and is a major milestone for us as one of the leading independent operators of tank storage facilities in the world."

The new Mechelen location is close to the ARA (Amsterdam, Rotterdam and Antwerp) main port area, which will enable LBC to attract suitably qualified individuals for its headquarters operations. Mechelen is located between Amsterdam and Paris, with excellent TGV connections to both cities. Moreover, the new headquarters is close to Brussels Airport, with a new even faster rail-link currently under construction, and connected to Europe's extensive motorway network. From this location, LBC will direct global operations through its robust international portfolio of high-quality terminals in Europe, Asia, and the United States. All of LBC's terminals are fully networked to maximize the company's global reach, customer service and overall effectiveness.

One of the company's key objectives is to build a strong new team at the new headquarters, to further develop the strategy and support ambitious plans for growth. These include driving an ambitious growth plan through Brown Field and Green Field developments, acquisitions, joint ventures, strategic partnerships and other business initiatives. All of these will be supported by a coordinated and centralised LBC group approach.

"Our relocation to Belgium comes at an excellent time to take full advantage of the economic recovery and the opportunities that are starting to present themselves," Simpson said. "We are confident that we made the right move at the right time to enable LBC to provide enhanced storage services and to deliver the top-quality support our customers expect of us."

LBC Tank Terminals announces new CEO appointment

14 September 2009

Leading international tank storage group LBC Tank Terminals has announced the appointment of Brett Simpson as its Chief Executive Officer. Mr. Simpson was appointed on 1 September 2009.

Brett Simpson graduated as a chemical engineer from Monash University, Melbourne and holds an MBA from Columbia Business School, New York. Prior to joining LBC Tank Terminals, he worked for Dow Chemical Company, where he spent 20 years gaining extensive experience in engineering, operational, commercial and business management roles. He successfully led a number of divisions, joint ventures and M&A projects across the globe in many locations, including USA, China, Switzerland, Hong Kong and Australia.

Mr. Simpson succeeds Mike McKinney, who has been acting as Interim Chief Executive Officer. Mr. McKinney has now resumed his role as President and Chief Operating Officer for LBC Tank Terminals USA.

In a first statement, Mr. Simpson has indicated that LBC Tank terminals will continue to strongly focus on Safety, Health, Environment and Quality (SHEQ) as well as customer service and growth.