Executives of the Chinese company China Merchants Logistics Holding came to Vilnius on 24 August 2016 where they discussed company affairs and the prospects of cooperation with AB Lietuvos geležinkeliai (Lithuania Railways).
The decision to establish a joint venture which will provide freight forwarding and logistics services between Lithuania, Belarus and China, was adopted on 23 November 2015 in Beijing.
As Zhang Rui, General Director of China Merchants Logistics Holding said, he appreciates the experience of AB Lietuvos geležinkeliai, and hopes to successfully exploit their knowledge of the market and the great infrastructure of the railways of Lithuania. He also drew attention to the need to think about more complex logistics services, and the expansion of activity of the new joint venture in the Baltic Sea regions and Scandinavia.
Stasys Dailydka, General Director of AB Lietuvos geležinkeliai, stressed that the current economic environment for the activity of the new joint venture is favourable, and an harmonious collaboration of companies will resolve emerging issues. LG offers high quality services and the latest technologies for its customers. In addition, AB Lithuanian Railways maintains very close ties with neighbouring countries. Representatives of the company are constantly exploring possibilities in search of new customers and partners abroad. LG has offices in Belarus and China, and another will open shortly in Poland.
China Merchants Logistics Holding is a Chinese state-owned corporation operating in port and terminal management, transport and logistics, banking and finance, plus real estate management sectors. The company is the largest tax payer in China. CMLH was founded in 1872, and the main office of the group is located in Hong Kong. Record high net profit of 28 billion yuan (3·9 billion euros) was earned in 2014. The company owns assets amounting to 5·35 trillion yuan (745 billion euros).
Source of information AB Lietuvos geležinkeliai