FESCO and HIIG (China) will develop pulp exports from Russia to China
FESCO Transportation Group and Hangzhou Industrial Investment Group Co., Ltd. (HIIG), China, have signed an agreement on cooperation in export and intermodal containerized pulp transportation from Russia to China. The agreement includes arrangements made by the parties within the framework of the first China International Import Expo (CIIE).
FESCO and HIIG will jointly develop the technology for containerized pulp transportation by sea and by rail for the next 5-10 years. FESCO, having experience and competence in intermodal transportation, will provide expertise in the logistics segment, and HIIG - in the field of international trade and China market entry. In addition, the parties will explore the possibility of creating a joint venture for pulp export.
FESCO and HIIG plan to deliver 600 thousand tons of cargo from Russia to China in 2019.
Hangzhou Industrial Investment Group Co., Ltd. is an investment company investing in light and chemical industry, real estate, hotel business, financial securities and other industries.