VTG subsidiary honoured with three Eastman Chemical Supplier Excellence Awards 

Hamburg, 18 December 2008.   On 28 November 2008, VOTG Tanktainer Asia, a subsidiary of VTG Aktiengesellschaft (SCN: VTG999), and the joint venture Shanghai Cosco VOTG Tanktainer received the Supplier Excellence Award from Eastman Chemical Asia Pacific in three categories. Two of these distinctions mark the achievements of these companies in service provision, while the third honour was awarded to Jenny Yeo individually, General Manager of VOTG Tanktainer Asia, in recognition of her consulting and service provision.

The Supplier Excellence Award distinguishes suppliers of Eastman Chemical Asia Pacific who over fulfill expectations as strategic service partners and whose work is always reliable and of high quality. “We are of course very happy that we received three awards in one go”, says Heike Clausen, Managing Director of VOTG Tanktainer GmbH. “To think globally but act locally with individual support pays off.”

Eastman produces and markets chemicals, fibres and plastics. The company, with its headquarters in Tennessee (USA) and a global workforce of 10,500, generated sales in 2007 of 6.8 billion dollars. 

About VTG:

VTG Aktiengesellschaft is one of Europe’s leading rail logistics and wagon hire companies. The company has the largest private wagon fleet in Europe. Globally the fleet consists of about 49,300 rail freight cars with a focus on tank cars and state of the art high capacity freight cars and flat cars. In addition to the hiring of rail freight cars, the Group offers global tank container transport and comprehensive multi-modal logistics services mainly around rail transport.

With the combination of its three interrelated divisions Wagon Hire, Rail Logistics and Tank Container Logistics VTG offers its clients a high-performance platform for international transport of their freight. The Group has many years of experience and specific know-how in particular in the transport of liquid and sensitive goods. Its customers include numerous well-known companies from almost all industrial sectors such as, for example, chemicals, mineral oil, the automobile or paper industries.

In the financial year 2007 VTG generated operating revenues of EUR 541.4 million and an operating result (EBITDA) of EUR 137.0 million. Via its subsidiaries and affiliates the company, which has its head office in Hamburg, is mainly present in Europe, Asia and North America. As at 30 June 2008 VTG employed 833 employees worldwide in consolidated companies. Since June 2007 VTG AG has been listed on the official Prime Standard market of the Frankfurt Stock Exchange – since September 2008 also on the SDAX (SCN: VTG999).

Press contact:

Tanja Laube
Head of Corporate Communications
Telephone:        +49 (0) 40 23 54-13 41
Fax:                 +49 (0) 40 23 54-13 40
E-Mail:             tanja.laube@vtg.com

Yvonne Studier
Press Officer Trade Press
Telephone:        +49 (0) 40 23 54-13 45
Fax:                 +49 (0) 40 23 54-13 40
E-Mail:             yvonne.studier@vtg.com