Independent journal on economy and transport policy
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Joint venture BLG-FESCO for the logistics to service of the automotive industry in Russia
The new society will manage the activities of handling of vehicles in the port of Saint Petersburg
October 12, 2011
German logistic group BLG Logistics and the shipowning group and trasportistico Russian FESCO Transportation Group have constituted joint venture with the objective to offer logistic solutions integrated to the automotive industry in Russia. The initial investment piles to 10 million euros.
The new society will among other things manage the activities of handling of motor vehicles in the port of Saint Petersburg in cooperation with local terminalista society JSC Sea Port of Saint-Petersburg on an area of 95.000 square metres that this year has allowed handling of about 60.000 cars.
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