Due to the continuing growth of the mining sector in Niger, and the demand for a more efficient transportation and logistics company, THL Development Ltd, a subsidiary of Trendfield Holdings Ltd, decided to invest in the transportation industry in Niger.
Niamey, Niger (PRWEB) April 9, 2008 -- Due to the continuing growth of the mining sector in Niger, and the demand for a more efficient transportation and logistics company, THL Development Ltd, a subsidiary of Trendfield Holdings Ltd, decided to invest in the transportation industry in Niger.
Taking into consideration, the growth of the mining sector in Niger, and the demand for a more efficient transportation and logistics company, THL Development Ltd, a subsidiary of Trendfield Holdings Ltd, along with its partners, Cat Logistics SA, Sea Elite International Ltd, and a private investor joined to create on April 3, 2008, the JV Company, CAT Transports SA, which is based in Niamey, Niger.
CAT TRANSPORT SA is a privately own transportation company in Niger, with operations in West Africa and will operate from Cat Logistics current location next to the Niamey International Airport. CAT Logistics is one of the clearing agents for the port of Cotonou in Benin.
CAT TRANSPORT SA shares are divided up as follows:
30% Cat Logistics SA
25% THL Development Ltd
20% Sea Elite International Ltd
25% Private Investor
CAT TRANSPORT SA already has, through its shareholders, existing contracts with AREVA, SOMINA, CNPC, GOVIEX, several NGOs, SNTV, CELTEL, ECOBANK, and CAREN Insurance.
Cat Logistics and Sea Elite will also transfer 15 trucks into Cat Transports fleet. A further 10 trucks will be purchase though loans from its shareholders. Other investment capital will be raised to purchase more trucks and equipments to expand operations and to provide better transportation options throughout the region.
The objective is to make CAT TRANSPORT SA the largest privately owned transportation company in Niger within 3 years and to become the first transporter for the mining and petroleum sectors of Niger.
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