BLG and FESCO to create automotive logistics joint venture
BLG Logistics Group and FESCO Transportation Group have announced the creation of a joint venture company to develop integrated logistics solutions for the automotive industry in Russia.
The initial amount of investments to the project is €10m. The new company’s services will include port handling operations for vehicles in St. Petersburg, in cooperation with the JSC Sea Port of St. Petersburg, with current total area of 95,000 sq m and a projected annual volume of 60,000 units in 2011. In addition, it will provide a road transport service with a fleet of 31 motor vehicle trailers.
"I have no doubts that our joint efforts with BLG will enable us to offer clients attractive automotive logistics services, supporting our ambitions to develop this joint venture in one of the leading players on the Russian market within the next 5 years, combining sea transportation and port handling of vehicles in the European part of Russia and in the Far-East with rail and truck transportation of both imported and locally assembled cars", says Sergey Generalov, President and CEO of FESCO.
The Russian car market is forecasted to grow at an average rate of 15% per year to become soon the biggest car market in Europe by number of units.
Quelle: eyefortransport
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