PKP Cargo and ArcelorMittal sign 1 billion zloty deal

Photo: PKP Cargo

The deal, signed Monday, is worth some 1 billion zloty (around 250 million euros), and will solidify cooperation between the two companies until at least June 2017.

PKP Cargo is to transport a minimum of 11 metric tons annually, including materials such as coking coal, lignite, lime as well as other metals and chemicals for three subsidiaries of the ArcelorMittal group, including ArcelorMittal Poland, ArcelorMittal Warszawa and Czech-based ArcelorMittal Ostrava.

During 2013, PKP Cargo transported a total of 114 million tons for all its clients, and is the largest such freight operator in Poland, with a 48.23-percent market share in January 2014. The company is the EU’s second largest – after Germany’s Deutsche Bahn – rail freight operator.

ArcelorMittal Poland is the country’s largest steel producer, comprising some 70 percent of the country’s industry potential. It owns five units in Poland, mostly in the industrial region of Silesia. (jb)

Source: PAP