LX Pantos CEO Lee Yong-ho, second from left, poses with Kazakhstan Transport Minister Marat Karabayev, second from proper, and PTC Holding Chairman Timur Karabayev, proper, in Astana, Kazakhstan, on this undated photograph. Courtesy of LX Pantos
By Park Jae-hyuk
Logistics supplier LX Pantos CEO Lee Yong-ho lately met with Kazakhstan Transport Minister Marat Karabayev within the Central Asian nation’s capital of Astana, to debate methods for bilateral cooperation within the logistics sector, the corporate mentioned Thursday.
Lee’s newest journey to Kazakhstan is a part of the Seoul-based logistics agency’s efforts to achieve a foothold within the area and strengthen its networks throughout Central Asia.
In response to LX Pantos, the CEO and the minister centered notably on methods to cooperate within the transportation of containers on the Trans-Caspian Worldwide Transport Route (TITR), which connects Europe and Central Asia.
The TITR has drawn consideration these days as it’s the solely various to the Trans-Siberian Railway and the Trans-China Railway, each of which cross the Russian territory to attach Europe and Asia.
In collaboration with Azerbaijan and Georgia, Kazakhstan has made important infrastructure investments within the TITR, because it plans to ascertain a sturdy logistics hall throughout the area.
Throughout the CEO’s go to, LX Pantos additionally signed a memorandum of understanding with PTC Holding, Kazakhstan’s main logistics firm, to collectively discover new transportation routes and logistics alternatives.
Beneath their strategic partnership, the 2 corporations agreed to leverage the TITR to reinforce freight transportation between Europe and Asia, share their belongings for logistics and enhance Kazakhstan’s exports.
Based in 2022, PTC Holding is named a distinguished built-in transport and logistics funding group in Kazakhstan. It owns and operates the most important fleet of rail automobiles and logistics infrastructure in Central Asia.
