Spain-Tir To Invest 3.0 Mln Euro in Logistics Centre

Spanish freight forwarding and logistics group Spain-Tir will invest over 3.0 mln euro ($3.6 mln) in the construction of a logistics centre at the Valencia airport, eastern Spain, company’s president Lluis Gay said on April 13, 2004.

The centre will have a capacity for 50 cars and 80 trucks. It will also include offices, which will cover an area of 450 sq m. The total area of the centre, which will start operating in 2005, will be 5,000 sq m.

The company opened an Intercontinental Department in 2003, which offers transport services of all types of goods by air and by sea.

Thanks to the opening of the department, the company registered a 26 pct year-on-year increase in air traffic. Its sea traffic rose by 23 pct from 2002. The company currently offers services to international destinations such as the USA, Mexico, Dominican Republic, Costa Rica, Brazil, Argentina, China, Taiwan and Japan.

Spain-Tir comprises 15 companies in Spain, whose combined turnover for 2003 rose by 7.0 pct year-on-year to 163 mln euro ($194.3 mln). The group posted a 5.12 mln euro ($6.1 mln) pre-tax profit in 2003, up 0.08 pct year-on-year.

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Source: La Bolsa