EWS signs 5-year contract to haul china clay by rail for Imerys
Thomson Financial: September 20, 2007
LONDON -- Rail freight operator EWS has won a new five-year contract from Imerys to haul china clay from Cornwall to locations across the UK, it announced in a statement.
Under the terms of the new contract, Imerys will significantly increase the volume of china clay moved by rail through the introduction of longer trains, EWS said.
The new contract, the value of which was not disclosed, will be implemented in phases during the autumn, with the final phase being completed next year.
In June, German state-owned rail operator Deutsche Bahn launched a takeover of EWS, which is owned by Canadian National Railways Co, New Zealand merchant bank Fay Richwhite and US investment groups Berkshire Partners and Goldman Sachs Group Inc.
The deal, worth an estimated 250 million sterling, is awaiting regulatory approval.