(Munich/Mainz, 28 September 2009) DB Schenker BTT GmbH, a subsidiary of DB Schenker Rail, agreed to intensify its cooperation in the chemicals transport segment with TransContainer, the freight subsidiary of the Russian railways (RZD), in Munich today. The parties signed a corresponding Letter of Intent (LOI) stating their intention to increase the containerized transport of chemicals to, from and inside Russia, a strategy which is ultimately aimed at securing the market leadership in this segment for both parties.
"Growth in the chemicals industry in Russia has generated great demand for reliable rail-bound logistics services," explained Karsten Sachsenröder, Member of the Management Board, DB Schenker Rail GmbH, on signing the LOI. "With this move, we are consolidating our successful partnership with TransContainer to date and making intensive preparations for new transports in the principal region of Moscow and the chemicals centers between Vladimir, Samara and Kazan."
Under the new agreement, DB Schenker BTT GmbH will in future be responsible for developing business with the global players in the chemicals market in Western Europe. The company will contribute its expertise in tank and silo container equipment and its competence in the transport of dangerous goods and intermodal transport. OJSC TransContainer will provide support for the chemicals customers in Russia, will supervise operations at the Russian container terminals and contribute its know-how and experience in the field of container transportation. TransContainer has its own terminals, container carriers and box containers. The company has already been providing services for DB Schenker BTT GmbH's current operations since the beginning of this year.
The legal entity for the execution of orders based on contracts which have already been signed with DB Schenker BTT GmbH is Railion Russija Services, a subsidiary of DB Schenker Rail.
Issued by: Deutsche Bahn AG
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