Kaztransservice Took Part in BoD Meeting of YuXinOu Logistics Co.
OREANDA-NEWS. October 23, 2012. In October 18, 2012 in Chongqing (China), there was held the board of directors meeting of the joint venture "YuXinOu (Chongqing) Logistics Co., Ltd" (hereinafter - JV), one of the founders of which is "Kaztransservice."
The Board meeting has been attended by the President of JSC "Kaztransservice" Arman Sultanov, Deputy Mayor of the City Government of Chongqing Ms. Tong Xiaoping, and representatives of the Russian and German sides.
Participants discussed the prospects for further development of the joint venture and issues related to the company. Shareholders noted the successful development of YuXinOu (Chongqing) Logistics Co., Ltd under the chosen strategy.
Since October 2010 in collaboration with partners from Germany, Russia, China, and the representatives of the government of Chongqing work on organization of container train Chongqing - Dostyk - Iletsk - Brest - Duisburg was carried out with the cargo - computer technology of Hewlett-Packard Company. The pilot project was carried out in March 2011. So, in 2011, on this specified route there was carried out a pass of 14 container trains (584 x 40-ft. Cont.). In 2012, shipping began in March and runs with regularity - one train per week, the number of container trains today - 33 units. (1457 x 40-ft. Cont.).
JV also organized the shipment of the first container train for the Acer Company. The train with 41 forty-foot containers loaded by computers has been sent from Chongqing on September 10 and arrived in Duisburg on 26 September. In short-term prospects ASUS and Lenovo companies are going to join this route.
Reference: JSC "Kaztransservice" owns 16.3% of the enterprise’s equity capital. The main activity of joint venture is an organization of regular railway container transportation along the route Asia (Chongqing, China) - Europe (Duisburg, Germany).
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