EuroChem to Buy New Rolling Stock in 2007
OREANDA-NEWS. In 2007 EuroChem has continued to implement the project for creation of its own specialized rolling stock fleet as a part of the Company's Logistics Development Strategy. EuroChem management have approved two investment projects to purchase 200 mineral hoppers (special-purpose cars for mineral fertilizers bulk carriage) and 25 tank cars for wet-process phosphoric acid.
In total, in 2007 the Company plans to purchase over 600 mineral hoppers, 250 various-purpose tank cars, three shunting locomotives - one per subsidiary (EuroChem - Belorechenskie Minudobrenia, Novomoskovsk Joint-Stock Company Azot, and Lifosa AB.
In addition to new rolling stock, EuroChem logistics strategy involves upgrade of existing and construction of new railway tracks and stations to optimize corporate expenses, improve quality and reduce car loading time.
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