“The company’s name will be PCC Rail SRL. The Romanian market is attractive and we have enough engines and freight cars. We will bring them from Poland, and use the Romanian railway,” said the Business Development Manager of PCC SE group, Wojciech Zaremba.

Local specialists in the field said the announcement proves that the domestic freight transportation market continues to be one of the most attractive market segments.

“Romania is being considered by European companies operating in the field due to the position of the Constanta seaport and industrial developments in the region, which are attractive for large companies,” said Stefan Roseanu, Secretary General of the Railway Industry Association (AIF).

The German PCC SE group controls 12.90 percent of the Oltchim chemical producer, the Authority for State Assets Recovery (AVAS) owns 53.23 percent of the company’s capital, and the SIF Oltenia financial investment company has a 5.93 percent share.

PCC SE posted €944 million in sales in 2007, compared to the €874 mln year-on-year. The group estimates a rise in sales up to €1.1 billion in 2008, according to company data.