Sao Paulo, Brazil, 03 April – Brazilian company, América Latina Logística (ALL) is negotiating with China’s Panzhihua Iron & Steel to buy 8,600 tons of railway track, officials said over the weekend.
The track, which will cover 144 kilometers of railway line, are for the work ALL is carrying out on its railway network, in anticipation of increased volume of cargo over the next few years.
ALL has already imported almost 20,000 tons of track from China and Russia and this would be its third such acquisition in the last 12 months.
ALL is the largest operators in its sector in Latin America and carries out, amongst others, door-to-door transport and urban distribution operations. For this purpose it has a 16,397 kilometer rail network, engines and carriages as well as distribution centers and warehouses.
Panzhihua Iron & Steel, known as Pangang, is one of China’s largest steel-working companies and is located in the city of Panzhihua on the banks of the river Jinsa, which is a border between the provinces of Sichuan and Yunnan. (macauhub)