Metrans builds €35-50 mln logistics base in Hungary

Deals

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Germany HHLA AG’s Hungarian subsidiary Metrans Konténer today laid the cornerstone of a logistics base it is building in Csepel, south of Budapest, through an investment of €35-50 mln, Hungarian daily Magyar Hírlap reported today.

The construction of the new 165,000 sqm rail container terminal, including a repair facility and a storage for refrigerator containers, is expected to be wound up by 2017, Hungary’s Foreign Minister Péter Szijjártó reportedly announced at the event. The investment is expected to create 200 new jobs in Hungary.

Klaus-Dieter Peters, HHLA AG’s CEO, said that after the completion of the base, Metrans will be able to handle 250 trains monthly, while the annual volume of containers shipped by the company is likely to rise to 250,000 from the current from 170,000.

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