Hong Kong: APM Terminals CEO Kim Fejfer (pictured) has stated that the company intends to cement its recovery from the crisis with investment in emerging markets. Speaking to CNN Hong Kong, he said, "2010 has been a very unusual year - volumes have recovered faster than expected. The crisis is over and the industry has recovered with growth of 10% now expected."
He explained that market conditions have changed fundamentally and the "New normal" means uneven growth in world markets. "The mature markets will see slower growth of 0-5% in the medium term, while some emerging markets will see up to 20% annual growth. APM Terminals strategy is to place investments in the emerging markets of Africa, South America, Eastern Europe, India and China." [01/10/10]
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