Grup Feroviar Roman Aims For 33% Market Share In 2011

04.18.2011 By Andrei Circhelan

Romanian freight railroad transporter Grup Feroviar Roman, or GFR, expects to increase its market share this year to 33%, from 27% at the end of 2010, given the already concluded contracts.

Romanian freight railroad transporter Grup Feroviar Roman, or GFR, expects to increase its market share this year to 33%, from 27% at the end of 2010, given the already concluded contracts.

The company posted sales of 521 million lei (EUR1=RON4.0966) last year, after transporting some 9.25 million tons of cargo in total.

"We have every reason to be confident that we will increase our market share this year," company general manager Sorin Chinde said in a press release.

The company bought the rolling stock park used by Rompetrol Logistic and it will supply specialized services for the Rompetrol oil group based on a three-year contract.

GFR is part of the Grampet group, owned by businessman Gruia Stoica. GFR has more than 13,500 train cars and 280 locomotives.

Romania's largest railroad transporter is state-owned CFR Marfa, with sales of more than RON993 million in 2010.