Scandinavian firm to build Riga terminal

RIGA (BNS) - The transport and logistics company ASG will expand its operations in the Baltic states by investing 8 million Swedish kronor($1 million) into construction of a new terminal in Riga.

The terminal is expected to be completed in June 1999. The total floor space will be nearly 2,000 square meters and comprise a customs and warehouse terminal with offices.

Lars Sundman, ASG president, said the terminal creates additional business opportunities and allows the company to gain control over the entire operation.

"As a result, we can offer the customer more reliable as well as fully comprehensive logistics solutions," he said.

"Expansion in the Baltic states has proceeded rapidly. Today, our Baltic customers are placing heavier demands on rapid customs clearing, local distribution and inventory management than was the case a few years ago," said Magnus Nordberg, manager of the company's branch in Riga.

ASG's operations in the Baltic states has developed favorably since the beginning of 1994.