NYK opens Kazakhstan office

NYK opens Kazakhstan office    NYK Logistics Rus, a Russian-based subsidiary of the Tokyo-based NYK Group, has opened a representative office in Almaty, Kazakhstan's largest city.
   It's the first office in Kazakhstan for NYK, which in October 2009 took a 25 percent stake in Tranco Terminal, an Almaty-based car-terminal-operating company. NYK said it aims to develop its logistics business for the automotive sector as well as other industries.
   'Kazakhstan is blessed with energy resources, such as petroleum oil and natural gas, and had a high average annual growth rate of around 10 percent from 2000 to 2007, until the start of the global financial crisis,' the company said. 'As economies begin to rebound from the economic downturn, Kazakhstan is expected to grow as a logistics base. By providing car terminal services to local customers, the office expects to be able to eventually expand Tranco Terminal's business.
   'Additionally, the NYK Group will strive to develop new business in the local market by considering car transport services from ports in China and Europe to Kazakhstan, taking advantage of trans-Siberian railway service both ways.'