VTG strengthens wagon hire business in Poland
Hamburg, 1st December 2008. From 1st January 2009, VTG Aktiengesellschaft (SCN: VTG999), one of the leading rail logistics and wagon hire companies in Europe, will strengthen its wagon hire business in Poland through a collaboration with Waggon Service Sp. z o.o. With this step, the Hamburg-based company expects to consolidate its market position in Poland even further. Seiji Kamide, the owner of the company with which VTG has collaborated to date, Millsharp Limited Sp. z o.o., will be retiring at the end of 2008 and with it ending his operations in Poland.
For the future, the plan is to develop not only the wagon hire business but also maintenance support for the wagons in Poland. In addition, the company will focus more on the market for chemical tank wagons and freight cars. “ In terms of rail freight traffic, according to a current study, the Polish Ministry of Infrastructure is expecting a 24 per cent increase in transportation services from some 50 billion ton kilometers in 2005 to 62 billion in 2010. We will participate in this growth by strengthening our presence in Poland”, says Dr. Heiko Fischer, CEO of VTG Aktiengesellschaft.
With this step, VTG is moving ahead with its international growth strategy. “We are very pleased that we will work with such a successful partner as VTG in future”, says Małgorzata Smogorzewska, director of Waggon Service Sp. z o.o. “This means we can intensify our operations in our current area of freight transport services and expand these with wagon hire.”
Waggon Service Sp. z o.o. is a subsidiary of TRANSWAGGON, in which VTG Aktiengesellschaft has a 50 per cent share.
New contact details: Waggon Service Sp. z o.o., ul. Gwiaździsta 7b/8, 01-651 Warsaw, Poland.
Telephone: +48 22 8699901, Fax: +48 22 8699904, E-Mail: firstname.lastname@example.org
VTG Aktiengesellschaft is one of Europe’s leading rail logistics and wagon hire companies. The company has the largest private wagon fleet in Europe. Globally the fleet consists of about 49,300 rail freight cars with a focus on tank cars and state of the art high capacity freight cars and flat cars. In addition to the hiring of rail freight cars, the Group offers global tank container transport and comprehensive multi-modal logistics services mainly around rail transport.
With the combination of its three interrelated divisions Wagon Hire, Rail Logistics and Tank Container Logistics VTG offers its clients a high-performance platform for international transport of their freight. The Group has many years of experience and specific know-how in particular in the transport of liquid and sensitive goods. Its customers include numerous well-known companies from almost all industrial sectors such as, for example, chemicals, mineral oil, the automobile or paper industries.
In the financial year 2007 VTG generated operating revenues of EUR 541.4 million and an operating result (EBITDA) of EUR 137.0 million. Via its subsidiaries and affiliates the company, which has its head office in Hamburg, is mainly present in Europe, Asia and North America. As at 30 June 2008 VTG employed 833 employees worldwide in consolidated companies. Since June 2007 VTG AG has been listed on the official Prime Standard market of the Frankfurt Stock Exchange – since September 2008 also on the SDAX (SCN: VTG999).
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