Could you please provide us with an update on the activities at the Terminals since 2023?

The expansion capacity project was completed, and our operations at the terminal in Tuxpan began in 2024. The tank capacity was increased by about 40%, and the loading and unloading capacity, from tanks to trucks, was increased by approximately 60%. The terminal is now up and running, which will strengthen our market presence, particularly in the maritime sector. Regarding the rail terminals, the number of new tanks installed at various facilities has increased. There are also plans to expand the handling capacity of dry cargo. Our warehouse capacity is growing, particularly in Monterrey. Our business has been growing across the board, with an approximate annual growth rate of 10%.

We provide services to a significant number of operators in the chemical industry, including petrochemicals, monomer producers, specialty products, inorganic products, resins, and minerals. There is a clear development trend in this sector, and we believe this growth will continue in the country. As a result, there is significant potential for the ports in our country. Ideally, the railway in Tuxpan should be expanded, as this would provide a competitive advantage.

Could you please share with us the focus of FR Terminales this year?

This year has presented several challenges: weather conditions, global conflicts and new regulations have all contributed to supply chain disruptions, which have directly impacted the economy. Fortunately, many members of our industry have developed a degree of resilience since the pandemic, and they are now keeping larger inventories compared to before. This allows them to better shield themselves from external factors. The just-in-time model, which was the standard practice in the past, is gradually disappearing. As a result, our services have become critical for our customers in achieving their goals. 

What do you think of nearshoring in Mexico in terms of development?

A significant portion of our growth originates from increasing volumes of dry cargo, including plastic resins and specialty products. These products are being used in industries like automotive, personal care, and electronics, all of which are highly connected to nearshoring activities. If you visit Monterrey, it’s clear that development is underway.

A significant amount of investment in the automotive industry depends on the government delivering essential infrastructure and services for incoming companies. If the government does not fulfill this role, these companies may look elsewhere. Security is another critical factor to consider. 

The two most important external factors related to nearshoring moving forward are those actions to be taken by the US administration, which will affect Mexico.  The chemical industry involves long-term planning and depends on supply chains that span across North America. It would be impacted by any changes made to the USMCA (T-MEC) Treaty.

How are you adapting to increasing regulatory requirements?

The regulatory environment will continue to become more stringent over time, so we must adapt to this new reality. Other countries with higher regulatory burdens have made it work successfully. We have reinforced and invested in our legal compliance capabilities to ensure we stay ahead of the curve and can effectively manage any regulatory changes. This is also a differentiating factor and will be crucial in determining which companies will win or lose market share in the future.

Can you tell us more about FR Terminales' approach to talent development?

It is critical for us to work with key stakeholders in the chemical industry in Mexico, providing services that will help them handle their chemicals more efficiently. To do this, we need a workforce with specialized expertise. Internally, we always prioritize this. We keep ourselves legally updated and have the best systems, facilities and training available for our staff. 

We are focused on retaining and training our personnel. Our main focus is on safety for the products we handle, but we also place significant emphasis on operational excellence.

Do you have a closing message?

There is a great deal of uncertainty ahead regarding US-Mexico relations and the next steps of the Mexican government. However, our company will continue to grow, providing high-quality services and investing in infrastructure, human capital and digital capabilities.