Half Year 2021 Koninklijke Vopak NV Overview by CEO and CFO (Pre-Recorded) Transcript
Hello. My name is Eelco Hoekstra, Chairman of the Executive Board of Royal Vopak.
In the first half of 2021, our combined strategic delivery and financial performance was good. And this was driven by contribution from the growth projects and cost efficiency, notwithstanding the weak markets. We continue transforming our portfolio for the future and invested more than EUR 146 million in growth.
The COVID-19 pandemic continues to impact the industries we serve. And the disruptions in supply and demand of products indirectly impacted performance. The tank storage industry experienced low earnings as it continued to face supply tightness, which is leading to a lower requirement for excess storage of products. So during these challenging times, we were able to safely serve and support our customers all over the world.
We are positive on the speed of the shift of our portfolio to industrial and gas infrastructure, which supports the acceleration in the field of new energies and feedstocks. We're pursuing
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