Bertschi, Hoyer and VTG have agreed to increase the share capital of their jointly-owned rail operator rail4chem from €1 mill to €5 mill. The fivefold increase in funds will be mainly used to purchase more multi-system locomotives for cross-border European services.
Rail4chem is increasingly focusing on international long-haul trains and targeting other industries apart from its core chemical products sector. In addition, the wholly-owned subsidiaries rail4chem Benelux BV in Rotterdam and rail4chem Transalpin AG in Switzerland will be further expanded and included in the structure of the overall group.
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This complete item is approximately 180 words in length, and appeared in the April 2005 issue of WorldCargo News, on page 17. To access this issue download the PDF here.
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