Arkas Group, an ambitious player of local and international maritime transport, has decided to expand its business in the field of railway transportation.
Arkas, which has already invested in land for wagons and logistics centers for the transfer of cargo in Anatolia, especially for the Marmaray project and connection points, decided to use the cash to make the future cash from this project by making a capital increase.
Increased capital for this business
The capital of the company will increase from 46 million TL to 190 million TL and the transaction is expected to be completed by the end of this year. The Group's 2012 year-end turnover target is 4 Billion TL.
It is located on the European side of Istanbul Halkalı and Gebze, on the Asian side, will connect with the suburban railway system. After the project planned to be completed by 2014, the cargo traffic in the region is expected to increase exponentially.
The goal of Arkas is to increase the business volume by combining the railways network with the marine networks that it already controls. To date, the group invested in projects in Anatolia close to 150 million dollars, before the liberalization of the wagon business invested in the number of 700 caught. Since the free competition in the market has not yet emerged, the group, which started the business by renting the locomotive from TCDD, gave another 300 wagon order and will soon increase the sum to 1.000. After the liberalization, the group will also invest in the locomotive.
Marmaray will survive the league
Arkas Holding Chairman Önder Türkkanı stated that the capital increase decision was made within the framework of investments to be made in railway transportation due to the growing volume of business due to the investments realized in Turkey and the Mediterranean and Black Sea countries.
Türkkanı stated that the logistics activities will be in a higher league with the commissioning of Marmaray and that they will complete the railway terminals they have started in Izmit and Mersin and they will realize the locomotive purchases for the railway fleet that reaches the 1.000 wagon simultaneously.
Evaluating the decision to increase the shareholders' equity, Mr. Türkkanı said, art This capital increase is an expression of confidence in the future of the logistics sector. Şirket