Spain-Tir Starts 25 Mln Euro Investment Plan
Spanish freight forwarding and logistics group Spain-Tir has started a 25 mln euro ($27 mln) investment plan to enlarge its branches in Barcelona and Madrid, Spain-Tir’s chairman, Lluis Gay, said.
The 7.82 mln euro ($8.47 mln) enlargement of the Barcelona branch will be completed in June 2003. The Barcelona branch will comprise 17,000 sq m of warehousing area for goods in transit and 4,500 sq m of offices. Spain-Tir will construct a building of offices and warehouses over a 30,000 sq m plot of land in Madrid by the end of 2004. Spain-Tir comprises 15 companies with a total logistics and warehousing area of 70,800 sq m. The group has a fleet of 100 vehicles and subcontracts further 295 vehicles.
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Source: Infomercados,26/01/2003
