"PKP Cargo International" founded in Bratislava

We present the following information from the website of PKP CARGO SA on the creation of a new company for international transport.

The company PKP CARGO International has been created

At the end of November this year, the company PKP Cargo International located in Bratislava was formed. The founder and owner of 100 percent of the Company's shares is PKP CARGO S.A.

PKP Cargo International will deal with the organization of rail transport and rail freight in Central and Eastern Europe, particularly in countries such as Austria, Hungary, Czech Republic, Slovakia, Romania, Bulgaria, Slovenia and Germany.

In the first phase of operations, rail transport will be carried out using local carriers. Ultimately, the company is to have the function of the rail carrier, by obtaining a license to carry out transport operations and through the acquisition of local carriers.

The company will focus on the realisation of rail transport in international relations, in which the locations of consignment dispatch and receipt are outside the Polish borders.

Eventually, PKP Cargo International will be a joint venture of PKP CARGO and foreign partner from the logistics industry. After the planned acquisition of shares by the partner, PKP Cargo will own the majority block of shares in the Company.

PKP Cargo International will be equipped with rolling stock. In 2011, it is planned to make contribution in kind of rail cars by PKP CARGO to the Company, which are now currently undeveloped and generate substantial costs. Financial means for repair and modernization of wagons will be contributed by the foreign partner.

According to the plans, the company can transport several million tons of cargo annually in the coming years.

The Board of Directors consist of two persons - Karl Meglitsch has been appointed the company's CEO, a current board member of PS Trade Trans Sp. z o.o., and the board member, Grzegorz Fingas, is currently the director of commercial office - the market of steel and solid fuels in PKP CARGO S.A.

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Trade Trans Invest, a.s.
:: Lazaretská 23
:: SK-811 09 Bratislava
:: Tel. +421-2-57107511
:: Fax +421-2-57107585
:: E-mail info@tradetrans.com

Zapísaná v obchodnom registri Okresného súdu Bratislava I, oddiel: Sa, vložka císlo:
3471/B, ICO: 35882778

The company is signed in the Companies register of The District Court Bratislava I, section: Sa, insert
No: 3471/B, ID: 35882778