JSC TransContainer (TRCN.L) announced its Board has approved the strategy of the company until 2020. The Board confirmed that the strategic goal of the company is to increase capitalisation by means of improving the scale and efficiency of its business. The Board also confirmed the business model of the company as a vertically integrated provider of container transportation and logistics solutions.
The strategy aims maintaining the leading positions of the company in the growing container transportation market, further optimisation of terminal handling business based on the forecast of further development of TransContainer’s cargo base and the continuing write off of medium duty containers from the Russian Railways network, as well as further development of the integrated freight forwarding and logistics business.
TransContainer said, while its strategy is based on the organic growth of the company in the key markets of Russia and the CIS, it does not exclude the possibility of new acquisitions in other markets.
To achieve the goals, the company plans to invest 20% to 30% of net revenue annually in capital expenditure with the total accumulated CAPEX reaching up to 110 billion rubles by 2020. The major component of the expenditure will be on the expansion and improvement of the company’s rolling stock.
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by RTT Staff Writer
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