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Globaltrans to establish Ukrainian subsidiary

16 Jul 2008

UKRAINE: On July 15  the board of Russian private freight operator Globaltrans approved the creation of a Ukrainian subsidiary.

'In line with the growth strategy we presented during our recent IPO, we believe that Ukraine provides significant current and future opportunities', said Globaltrans CEO Sergey Maltsev. 'We intend to focus on the gondola car segment and to provide competitive and customer-focused transportation services, primarily to large companies operating in the steel, iron ore and coking coal sectors.'

In the May issue of Railway Gazette International Globaltrans Chief Executive Sergey Maltsev explained his plans to exploit the liberalisation of the Russian freight market; read our exclusive interview here.