November 10 (SeeNews) - Germany-based international railcar hire and rail logistics company VTG said its new subsidiary VTG Rail Logistics Bulgaria has opened for business with an office in Sofia.
With effect from November 1, the new company’s operating business was entrusted to Liubomir Illiev, Managing Director VTG Rail Logistics Bulgaria, and Stelios Archontakis, Managing Director VTG Rail Logistics Bulgaria & VTG Rail Logistics Hellas, VTG said in a press release on Monday.
Integrating this new facility in the existing pan-European network enables VTG to optimize and harmonize its national and cross-border leasing and rail logistics activities in Bulgaria, the company noted. Bulgaria also plays an important role in transit traffic bound for Turkey, Greece and the adjacent eastern regions, which opens further attractive prospects for VTG.
VTG Rail Logistics Bulgaria is actively positioning itself with a 360-degree solution portfolio offering a comprehensive range of products and services to tap the vast potential for multimodal traffic that exists in this market, VTG said.
Hamburg-based VTG says it has more than 94,000 railcars on its books. Companies from many industries, including chemical, petroleum, automotive engineering and paper production use VTG's services, concepts and products.