EuroChem Group AG and Russia’s Siberian Coal Energy Co. (SUEK) have set up a joint transport company and are putting more than 50,000 cargo railcars and six Russian seaports under its control, according to a Prime Business report this week, citing a SUEK representative.
The new company, named National Transport Co, was established at end of 2020 to further develop the two owners’ transport business.
National Transport Co. is set to become one of Russian Railways’ largest clients, with a 115 million mt/y cargo base, according to the report.
EuroChem Group’s owner, Russian businessman Andrey Melnichenko, is also SUEK’s principal owner.