VTG Rail Russia expands Russian business

VTG Rail Russia expands Russian business


VTG Rail Russia has purchased 220 chemical tank wagons for the transportation of caustic soda from a subsidiary of United Wagon Company.

The move enlarges and diversifies VTG’s fleet. The wagons were built in 2014 and are hired out until 2024 to RusVinyl, a Russian-Belgian joint venture whose shareholders are SIBUR (Russia) and Solvay (Belgium). VTG has taken over this hire contract in conjunction with its acquisition of the wagons.

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In November 2016, the wagon hire company had already bought 15 modern, insulated tank wagons to carry caustic soda. These were hired out on a long-term contract to Khimprom, one of the largest chemical companies in Russia. In the first half of 2017, VTG Rail Russia has continued to ramp up its activities in this wagon segment, supplying a further 15 caustic soda tank wagons to Khimprom in February.

Head of the Business Lline VTG Rail Russia, Oksana Janssen said: “We are very pleased that two prominent Russian chemical companies of the caliber of RusVinyl and Khimprom are convinced by what we have to offer. That has given us a point of entry to a very attractive market, and we have taken a major strategic step toward expanding our Russian business.”

This latest investment increases VTG Rail Russia’s fleet to a total of 3,300 wagons.

For more information visit www.vtg.com

26th June 2017