euronext vpk industry marine transportation founded 1999 headquarters rotterdam netherlands key people eelco hoekstra ceo anton van rossum chairman of the supervisory board products tank terminals for petrochemicals and fuels lng regasification terminals revenue 1.295 billion 2013 1 operating income 442.0 million 2010 1 profit 311.9 million 2013 1 total assets 3.831 billion end 2010 1 total equity 1.550 billion end 2010 1 number of employees 6 174 end 2013 website www.vopak.com royal vopak n.v. dutch koninklijke vopak is a dutch company that stores and handles various oil and natural gas related products . the company was created by the merger of van ommeren and pakhoed in 1999 . in 2002 the distribution of oil and natural gas related products was split off ; a new company univar was created for that purpose . the head office is located in rotterdam . vopak is listed on the amx index of euronext amsterdam . contents 1 merger 2 activities 2.1 key indicators 2.2 lng terminals 3 vopak in china 4 references 5 external links merger edit in 1998 the companies royal pakhoed nv and royal van ommeren nv decided to merge . both companies were offering storage services for oil petro chemical products vegetable oils etc. both companies were also active on the market of shipping tankers and other logistical services . besides their overlapping activities van ommeren offered heavy goods transport via dockwise and pakhoed offered distribution services for chemical products via the company univar . the european commission ruled that the merger would give the combined company too much market power in storage services in the antwerp rotterdam amsterdam ara area on which made the offer to sell parts of their storage tank capacity . the ec ruled this as insufficient and the merger was canceled . 2 renewed negotiations resulted in the combination selling the pakhoed terminals in pernis and botlek as well as van ommeren selling their stake in gamatext in the port of antwerp . this new offer convinced the ec to approve the merger and in 1999 it was publicly announced 2 on 15 april 2000 vopak announced that they sold their 1 5 million m botlek terminal to norwegian competitor odfjell . 3 odfjell had already terminals in houston china and south america . the entire workforce of 260 people also moved to odfjell . 3 eerder dat jaar deed vopak al zijn belang in de antwerpse terminal gamatex over aan de amerikaanse partner gatx . 3 early in 2002 the ceo ton spoor left with immediate effect officially because of personal reasons but it was rumoured that the break of trust between him and the company was caused by the 150 million write off in 2001 caused by a failed attempt to introduce a pan european it system . 4 spoor was succeeded by gary pruitt . the new combined company vopak has a difficult start there is only very limited synergy to be found in the storage services and the chemical distribution services and the company lacks the funds to realize her growth strategy . because of that vopak decides to split off and then sell the distribution services as univar . this results in vopak losing approx . 80 % of her turnover . ceo pruitt also moves to univar and former van ommeren ceo carel van der driest returns now as ceo of vopak . activities edit vopak has 84 terminals with a combined capacity of 30 million m in 31 countries . the terminal services vopak offers can be grouped in 3 markets 1 import export distribution terminals 67 2 hub terminals at airports 14 and 3 industrial terminals 17 depending on the industry vopak is active in europe middle east africa oil and chemical products and asia north america south america chemical products only . key indicators edit below an overview of the key financial figures over 2005 2012 . the numbers include income from joint ventures 5 description 2005 2006 2007 2008 2009 2010 2011 2012 turnover in million 684 778 853 924 1.001 1.106 1.172 1.314 net profit in million 93 132 183 213 251 270 401 392 storage capacity in million m 20 4 21 2 21 8 27 1 28 3 28 8 27 8 29 9 vopak s market share world wide 13 0 % 12 0 % 11 6 % 11 1 % 10 6 % 10 2 % employees x1 4.607 4.643 4.669 5.243 5.341 5.756 5.901 6.100 lng terminals edit de vopak terminal eemshaven plans canceled in 2012 together with dutch company n.v. nederlandse gasunie vopak is building the first lng terminal in rotterdam . building commenced in 2008 and on 23 september 2011 the terminal was opened by the queen and since then it is in full production . the lng terminal consists of 3 tanks with a combined storage capacity of 540.000 m liquefied gas equivalent to a throughput of 12 billion m gas per year . the total investment was approx . 800 million euro . the joint venture has several multi year contracts with energy producers like e.on and essent since 2009 owned by german rwe . gasunie and vopak own 80 % of the terminal and both customers each 5 % . there were also plans to develop a lng terminal in the eemshaven in the north of the country . vopak and gasunie would own each 25 % and essent 50 % but in 2012 it became clear that the project was not viable and the plans were scrapped . 6 vopak in china edit since may 2011 vopak and the chinese state development & investment company sdic have decided to build an oil terminal in yangpu for both crude oil as well as oil products . the terminal will have a storage capacity of 1 35 million m . vopak is already active on the chinese market and before this new project had a storage capacity of 1 2 million m the majority for chemical products . when all expansion plans will be realized the total storage capacity in china where vopak has some share in will be 5 2 million m 7 references edit a b c d e annual report 2010 pdf . vopak . retrieved 2 april 2011 . a b ec gives green light for merger after selling part of the storage services 10 september 1999 link to press release visited 2 september 2013 a b c nieuwsblad transport botlek terminal vopak sold to odfjell 15 april 2000 dutch visited 2 september 2013 nieuwsblad transport bestuurvoorzitter ton spoor weg bij vopak 29 january 2002 . visited 2 september 2013 vopak website key financial figures and annual reports visited 1 september 2013 website eemshaven lng terminal . vopak press releases vopak persbericht expension in china 25 may 2011 accessdate 2 september 2013 external links edit wikimedia commons has media related to vopak . official website v t e amx companies of the netherlands aalberts industries amg aperam 1 arcadis asm international bam group binckbank brunel international csm delta lloyd group eurocommercial properties heijmans imtech mediq nutreco sns reaal ten cate usg people unit4 vastned retail vopak wereldhave gemalto opgenomen in aex index aperam eruit trivano 6 june 2013 retrieved from https en.wikipedia.org w index.php title vopak & oldid 735838129 categories companies of the netherlandscompanies based in rotterdamoil tradershidden categories articles containing dutch language 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