NYK acquires car terminal operating firm in Kazakhstan

Japanese shipping group Nippon Yusen Kaisha (NYK) has acquired 100% ownership of Tranco Terminal, the largest car terminal operating company in Kazakhstan.

The acquisition, made through NYK Holding Europe, has seen the terminal renamed to NYK Auto Logistics (Kazakhstan) from 15 January this year.

“By acquiring full ownership of Tranco Terminal, of which the NYK Group previously had 25% ownership, NYK will attempt to accommodate that strong demand by improving the domestic bases and enhancing the speed of transport service between the bases in Kazakhstan,” NYK said in a statement.

“In addition, the company will lay out a framework capable of accommodating the demand for transnational inland transport from the China and Russia areas bordering Kazakhstan, and will provide a service to fulfill the various transport needs of customers,” it said.

NYK pointed out that auto sales are rapidly increasing in the Central Asian state, and a number of auto companies are making plans for a surge in sales.

Posted 17 January 2014

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