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GATX ACQUIRES STORAGE TERMINAL IN GLASGOW, SCOTLAND

 CHICAGO, Feb. 4 /PRNewswire/ -- GATX Terminals Limited has announced the acquisition of Sealand Oil Services Limited, owners and operators of an oil storage terminal at Rothesay Dock on the River Clyde in Glasgow, Scotland. The terminal consists of 5,500 cubic meters (35,000 barrels) storage capacity in 7 tanks, is suitable for the storage of gas oil, diesel fuel (DERV) and kerosene, and has road loading facilities available. GATX Terminals Limited is a subsidiary of GATX Terminals Corp., headquartered in Chicago. Terms of the acquisition were not disclosed.
 The dock serving the terminal will be dedicated for GATX use, and has a water depth of 6.7 meters (22 feet). The dock is completely protected from the main shipping channel which provides a completely containable, environmentally protective area for all marine activities.
 GATX has leased additional land from Clydeport in order to expand the terminal to meet the demands of the Glasgow and western Scotland market. Initially, GATX plans to construct 35,000 cubic meters (225,000 barrels) of new storage capacity suitable for a full range of clean petroleum products. A new, fully automated truck rack, incorporating bottom loading, to support future trucking activities, and an extension of the terminal onto reserved land for the storage and distribution of bulk chemicals are also planned.
 Clydeport will construct a new road leading to the site enabling easy access to Glasgow City Center, the Erskine Bridge, Glasgow Airport and the Scottish motorway network.
 Upon completion, the new terminal will comply with the latest environmental requirements such as impermeable bunds (dikes) and vapor recovery systems.
 GATX, the largest terminal operator in the United Kingdom, owns and operates a 71,000 cubic meter (450,000 barrels) terminal at Leith near Edinburgh, which handles a full line of clean petroleum commodities, fuel oils and chemicals. By having terminal facilities on both coasts of Scotland, close to the industrial heartland and major population centers, the company believes it will better service its clients.
 The Glasgow Terminal is available for immediate storage of distillates, and the fully expanded facility is scheduled to open in 1995.
 GATX Terminals Corp., a subsidiary of GATX Corp. (NYSE: GMT), Chicago, is the largest bulk liquid public storage company in the world with 47 facilities in North America, Europe and Asia. GATX Terminals provides over 70 million barrels of storage capacity for bulk liquid commodities such as petroleum, chemicals, petrochemicals, and vegetable oils; and serves as a vital interface among distribution and transportation modes including railroads, ships, barges, trucks and pipelines.
 GATX Corp. is a $3.4 billion service-based asset company which provides long-lived, complementary distribution assets and related value-adding services that it owns or controls. GATX's rail equipment, aircraft, dry and liquid storage terminals, pipelines, ships and warehouses are an integral part of its customers' transportation/distribution/storage logistic network. GATX Corp. (GMT) is listed on the New York, London, and other stock exchanges.
 -0- 2/4/93
 /CONTACT: George S. Lowman of GATX, 312-621-6599/
 (GMT)


CO: GATX Terminals Limited ST: Illinois IN: TRN SU: TNM

KD -- NY119 -- 3176 02/04/93 16:35 EST
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Publication:PR Newswire
Date:Feb 4, 1993
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