Spanish Azkar Opens Distribution Centre in Burgos
Spanish transport and distribution company Transportes Azkar SA, Azcar, opened a distribution centre in Burgos, northern Spain, the company said on September 8, 2004.
The distribution centre has an area of 2,400 sq m and is part of the city transports centre.
The opening of the centre is aimed to strengthen the positions of the company in Castille Leon. Azkar operates a network of six distribution centres in the region and a logistics platform, located in Valladolid. Currently existing centres total an area of 16,000 sq m.
Azcar (www.azcar.es) was set up in 1933 in Lazcao, northern Spain. The company posted an attributable net profit of 8.9 mln euro ($10.8 mln) for the first half of 2004, down 10.5 pct year-on-year, due to lower extraordinary revenue. For the same period, earnings before interest, tax, depreciation and amortisation (EBITDA) went up by 15.05 pct year-on-year to 22.26 mln euro ($27.1 mln). The turnover of the company for January to June 2004 stood at 153 mln euro ($181.6 mln), up 14.7 pct year-on-year.
(Alternative/Original name: Castilla y Leon, Castilla Leon)
www.invertia.com www.azcar.es
Source: Invertia,Transportes Azkar
