Locked content EIB grants €40 mln loan to PKP Cargo

The European Investment Bank (EIB) has signed a deal to grant an investment loan of up to €40 million to freight carrier PKP Cargo, the company informed in a statement. The funds will be used to purchase multisystem locomotives. The loan will be available within 48 months from the date of signing th...

Locked content PKP Cargo looking for new mergers and acquisitions

PKP Cargo CEO has confirmed its interest in mergers and acquisitions transactions (M&A) on the market of fuel and petchem products shipment. “We are interested in the market of fuel and petchem products shipment,” PKP Cargo CEO Maciej Libiszewski said as cited in a statement. “...

Locked content PKP Cargo lands PLN 200 mln deal with Grupa Azoty

Railway freight transportation company PKP Cargo has secured a two-year contract with Poland’s largest chemical holding Grupa Azoty for the transport of over 4 million tons of fertilizers, chemicals and raw materials, the company informed in a statement. The estimated value of the agreement stands a...

Locked content PKP Cargo lands PLN 37 mln deal with Enea

State-controlled power distributor Enea has signed a contract with railway freight carrier PKP Cargo for the delivery of coal from the Silesian mines to the Kozienice powerhouse. The deal is valid for 12 months and its value amounts to PLN 37 million. According to the agreement, PKP Cargo will trans...

Locked content PKP Cargo recorded loss of PLN 66 mln in Q1

PKP Cargo recorded a net loss of PLN 66.05 million in Q1 2016, compared with a net profit of PLN 22.2 million in Q1 2015, the company said in a report. The company’s operating loss amounted to PLN 61.81  million, versus an operating profit of PLN 32.37 in the same period last year. Sales reven...

Locked content PKP Cargo net profit falls significantly

PKP Cargo recorded a net profit of PLN 31.6 million in 2015, compared with PLN 78 million in 2014, Maciej Libiszewski, CEO of the company told the Polish Press Agency (PAP). “In 2015, our market environment was quite challenging, the logistics industry felt the problems of Polish mining. From ...

Locked content PKP Cargo obtains modernized locomotives for PLN 140 mln

PKP Cargo has received 30 ST48 diesel locomotives, modernized at the cost of PLN 140 million by Newag. Besides the ST48 series locomotives, PKP Cargo has 76 SM48 locomotives and intends to continue upgrading this series of vehicles in the future. These vehicles can run on standard gauge lines. A mod...

Locked content PKP Cargo lands PLN 140 mln worth deal

State-run PKP Cargo has signed a PLN 142.3 million deal with Tauron Wydobycie which is part of Tauron Polska Energia, regarding the conveyance of coal in years 2016-2017. According to the deal, PKP Cargo will transport 8.5 tons of coal from Tauron’s mines to its power plants and other partners...

Locked content EBRD finances regional expansion of PKP Cargo with €100 loan

Supporting the regional expansion of Poland’s PKP Cargo, the European Bank for Reconstruction and Development (EBRD) is providing the Polish railway freight operator with a €100 million long-term multi-currency loan to finance the acquisition of Advanced World Transport (AWT), a transport and logist...