GATX Rail Announces Railcar Acquisition
2004年1月8日 - 1:40AM
PRニュース・ワイアー (英語)
GATX Rail Announces Railcar Acquisition CHICAGO, Jan. 7
/PRNewswire-FirstCall/ -- GATX Rail today announced the purchase
and lease-back of 1,176 modern, high-capacity, plastic pellet
covered hopper railcars. The cars are deployed under a long-term
lease arrangement to Equistar Chemicals, LP of Houston, TX.
Equistar is a joint venture between Lyondell Chemical Company and
Millennium Chemicals, Inc. . "We are excited to expand our
relationship with Equistar through this transaction," said David M.
Edwards, President and CEO of GATX Rail. "We pride ourselves on
strong and lasting relationships with our customers, working
closely to provide the right equipment, financing and service
solutions to meet their competitive business needs. This
transaction is a great example of our focus on customer service -
we provided Equistar with a financing alternative that met their
needs, while we capitalized on an opportunity to expand our fleet
through the acquisition of quality rail assets." Ed Dineen, Senior
Vice President of Equistar said, "We are pleased to continue
working closely with GATX Rail. This transaction exemplifies how
two companies, both leaders in their respective industries, can
establish a win- win relationship." GATX Rail is one of the world's
leading rail car lessors, with an interest in over 165,000 cars.
This acquisition expands GATX Rail's North American covered hopper
fleet to approximately 27,000 cars. Equistar Chemicals, LP is one
of the world's largest producers of ethylene, propylene and
polyethylene and a leading producer of ethylene oxide, ethylene
glycol, specialty polymers, wire and cable resins, and polyolefin
powders. COMPANY DESCRIPTION GATX Rail is a division of GATX
Financial Corporation, a wholly owned subsidiary of GATX
Corporation (NYSE:GMT). GATX Corporation (NYSE:GMT) is a
specialized finance and leasing company combining asset knowledge
and services, structuring expertise, partnering and risk capital to
serve customers and partners worldwide. GATX specializes in railcar
and locomotive leasing, aircraft operating leasing, and information
technology leasing. Investor, corporate, financial, historical
financial, photographic and news release information may be found
at http://www.gatx.com/ . DATASOURCE: GATX Corporation CONTACT:
Analysts & Investors, Robert C. Lyons, +1-312-621-6633, or
Rhonda S. Johnson, +1-415-955-3211, both of GATX Corporation Web
site: http://www.gatx.com/
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