5 September 2019
TransContainer PJSC and South
Korea’s Pantos Logistics signed a memorandum of cooperation on the sidelines of
the Eastern Economic Forum concerning intermodal container transportation. In
doing so, the two companies laid the foundation for the implementation of key
logistics projects that are designed to develop the transit potential of the
Russian Federation.
“This partnership with the largest
logistics company in South Korea is an important step in the development of
economic relations between our countries and the implementation of Russian
President Vladimir Putin’s decree on increasing transit through the territory
of our country”, TransContainer CEO Vyacheslav Sarayev said following the
signing of the agreement.
One of the top priorities of
cooperation between the Russian and Korean companies is to develop and optimize
transport and logistics products for the automotive industry of the Republic of
Uzbekistan.
Joint projects to create a
competitive transit corridor between South Korea, Japan, and EU countries
through Russian Far Eastern ports are another key focus of the agreement.
Cooperation between TransContainer
and Pantos Logistics will not only enhance the transit potential of the Russian
Federation, but will also serve as an additional incentive for the development
of the Primorye region in terms of increasing jobs both in the transport
segment and in all related services.