GATX RAIL EUROPE ANNOUNCES ENTRY INTO TURKISH MARKETPLACE
CHICAGO, (April 18th, 2011) - GATX Rail Europe today announced its entry into the Turkish marketplace with the deployment of newly-manufactured railway tank wagons. These state-of-the-art, 95 cubic meter wagons, designed to efficiently carry a variety of petroleum products, are being manufactured for GATX in Turkey by R.A.I.L. Tur, Kayseri.
BP Turkey will utilize these wagons to move their refined products on the network of the Turkish Railway TCDD. GATX has arranged for TRANSTUR in Kayseri to provide management of the rail wagons’ logistical operations.
Johannes Mansbart, chief executive officer of GATX Rail Europe, said “We are very pleased to expand our business platform into the important and growing Turkish market. It is especially satisfying to enter this market with local experienced partners and high-quality, Turkish-manufactured wagons for service with our strategically important customer BP Turkey. GATX works closely with companies in the BP family throughout Europe and North America to meet their rail transportation needs, and we are delighted to extend that relationship into the Turkish railway market.”
COMPANY DESCRIPTION
GATX Corporation (NYSE:GMT) provides leasing and related services to customers operating rail, marine and other targeted assets. GATX is a leader in leasing transportation assets and controls one of the largest railcar fleets in the world. Applying over a century of operating experience and strong market and asset expertise, GATX provides quality assets and services to customers worldwide. GATX has been headquartered in Chicago, Illinois since its founding in 1898 and has traded on the New York Stock Exchange since 1916. For more information, visit the Company’s website at www.gatx.com.
GATX Rail Europe is the tank car leasing platform of GATX Corporation in Europe. GATX Rail Europe group, consists of GATX Rail Austria GmbH, GATX Rail Germany GmbH and GATX Rail Poland Sp. z o.o.
FOR FURTHER INFORMATION CONTACT:
Mag. Johannes Mansbart
CEO GATX Rail Europe
Am Europlatz 2, Gebäude G
A-1120 Wien
Investor, corporate, financial, historical financial, photographic and news release information may be found at www.gatx.com.
(18/04/2011)
