ICT Holding owns 33,01% of the First Heavy Haul Company (in Russian: PTK), one of the largest owners and operators of innovative railcars [increased payload capacity rolling stock] in Russia. It is a TOP-10 Russian rolling stock operator with a fleet more than 36,000 units.
PTK established in 2016 to develop the rail freight transport services in the 1.520 mm gauge area using new generation freight cars. The pool of investors including ICT Holding acquired the company in January 2019.
PTK is characterized by high productivity of the technically advanced and cost-effective railcars it operates. The company enjoys the world class management practice and expertise of the renowned team. In 2018, company took 7thplace in the ranking of the top 30 rolling stock operators and was ranked first in its productivity by INFOLine Rail Russia TOP in the 1h2019.
First Heavy Haul Company is a strategic investment for ICT due to the return on investments and the potential to develop the business.