OREANDA-NEWS. January 30, 2013. Brunswick Rail, Russia’s leading private freight railcar operating lessor, has reached an agreement to supply additional railcars as part of a long term lease to Fintrans GL, the transportation division of Ilim Group, Russia’s pulp and paper industry leader.

 According to the new agreement, Brunswick Rail will supply Fintrans GL (part of Ilim Group) with 100 model 11-1807-01 boxcars by the end of February 2013. All of the railcars were produced by the Armavir Heavy Machinery Plant in 2013. Fintrans GL plans to use the boxcars for transportation of Ilim Group paper and pulp products.

The companies began cooperation at the end of 2011. Following the delivery of additional boxcars, Brunswick Rail will supply a total of 150 boxcars to Fintrans GL under operating lease (long term lease).

Ilim Group Managing Director for Transportation Alexander Lyubimskiy said: “We are pleased by the development of our relationship and with the terms of our new leasing contract. Brunswick Rail has proven itself to be a reliable partner and supplier of high-quality railcars.”

Brunswick Rail Managing Director for Business Development Vladimir Khoroshilov said: “Brunswick Rail and Ilim Group have a solid partnership and this deal is just another step in strengthening those ties. In looking to Brunswick Rail to facilitate their freight railcar needs, Ilim not only gains the opportunity to free itself from non-core assets and increase investments into its principal business, but also entrusts us with the transportation security of the Group. We greatly value their trust.”