China State Railway Group established a European subsidiary

China Railway Container Transport Corporation (CRCT), part of China State Railway Group, has established an European subsidiary in Duisburg, with an opening ceremony being held at the end of November.

“Duisburg is an important logistics hub in Europe and an important location for the railway freight route between China and Europe. CRCT established a subsidiary in Duisburg that would use the location advantage of Duisburg to expand its strategic cooperation with all partners,“ Jiyi Zhang, president of CRCT, said.

During the ceremony, the mayor of Duisburg, Sören Link, said that around 100 Chinese companies that have established in Duisburg and have opened up great opportunities for development and cooperation. CRCT Europe Logistics GmbH would continue this tradition. In his view, the initiative of the New Silk Roads made the economic, trade and cultural exchanges between Duisburg and China closer, and the city of Duisburg would spare no effort to support and participate in the initiative of the New Silk Roads.

China Railway Container Transport Corporation, as the single operating and service platform of China Railway Express, provides container transport services on China-Europe route.

The company has an annual turnover of EUR 300 million.

To develop the freight traffic on China-Europe route, Duisburger Hafen AG and China Railway Container Transport have recently signed a framework agreement for the continued expansion of the China Railway Express traffic. Under the agreement, the two companies will promote the rail freight between China and Duisburg. In addition, Duisburger Hafen also strengthens its position as Europe’s main hinterland hub and expands its international network. At this time, up to 40 trains already travel between Duisburg and China every week.

According to CRCT, in more than 6,700 eurasian freight trains have traveled to and from China between January and October 2019, an increase compared to previously year, when 6,300 trains transported goods along the route.

 


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