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SUEK’s Swiss-incorporated trading arm, SUEK AG, has opened a branch in Taipei, Taiwan and a subsidiary company in Gdansk, Poland.
The Taipei branch will develop SUEK coal deliveries in Taiwan and China and control deliveries to other countries in the Asia-Pacific region.
It will also be temporarily responsible for coal purchase in Indonesia for trading. SUEK said it was also considering opening a branch in Indonesia.
The Polish subsidiary company will be entirely local market oriented, the company said.
“The coal markets in China and Poland are now under reform, the countries re-orientate from exporting coal toward importing, and we intend to increase sales in these spheres considerably,” SUEK AG managing director Yuri Filippov said.
“Moreover, setting up a new bulk terminal in the bay Muchke next summer makes us concentrate on marketing our coal toward [the] Asia-Pacific region and intensify our work with customers in this sphere.”
SUEK AG, which uses world coal trading system GlobalCOAL, has delivered 10.18 million tons of coal to buyers for the first five months of 2007.
