Portek is a medium-sized terminal operator and port equipment engineering provider. The company is headquartered in Singapore with offices in over ten countries and employs 2,200 employees throughout Africa, Europe and Asia. Portek is a subsidiary of the Japanese conglomerate Mitsui & Co. Larry Lam founded Portek in 1988, initially focusing on port engineering and crane upgrading services. He saw an opportunity to provide services for and to market Bromma spreaders in the midst of rapid growth and expansion of the port business and of PSA Singapore. Thus Bromma Far East and at the same time Portek Systems were formed. Spurred on with 20%-30% growth each year, they expanded to provide port engineering support activities. As the company took on larger and larger projects, they became a contractor for used and surplus equipment which they relocated, sold and leased to third parties. In the late 1990s, Portek offered investment of their equipment in exchange for equity in the ports. Thus forming their evolution into port operations as a key business operation. More information...
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