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LX Pantos Expands the Central Asia Logistics Market
- CEO Lee Yong-ho meets with Kazakhstan’s Minister of Transport to discuss logistics collaboration
- Signs MOU with Kazakhstan’s largest logistics company to develop new transport routes
LX Pantos (CEO: Lee Yong-ho) is gaining a foothold in Kazakhstan to strengthen logistics networks across Central Asia.
The company announced on October 10, 2024, that CEO Lee met with Marat Karabaev, Kazakhstan’s Minister of Transport, in the capital city of Astana.
The meeting focused on potential avenues for logistics collaboration between the two countries, particularly with enhancing cargo transport along the Trans-Caspian International Transport Route (TITR).
The TITR has emerged as a key transport link connecting Europe and Central Asia via the Caspian Sea. Unlike traditional transcontinental routes, such as the Trans-Siberian Railway (TSR) and the Trans-China Railway (TCR), the TITR bypasses Russian territory, offering a unique alternative for Asia-Europe transport. Kazakhstan, alongside Azerbaijan and Georgia, is investing heavily in TITR infrastructure to establish a robust logistics corridor across the region.
To help advance the collaboration, LX Pantos signed a memorandum of understanding (MOU) with PTC Group, Kazakhstan’s leading logistics company, to jointly explore new transport routes and logistics opportunities.
Under the strategic partnership, both companies will leverage TITR to enhance freight transport between Europe and Asia, optimize shared logistics assets, and jointly develop Kazakhstani export cargo.
Established in 2022, PTC Group is a prominent integrated transport and logistics investment group in Kazakhstan, owning and operating the largest fleet of rail vehicles and logistics infrastructure in Central Asia.
[Photo 1] LX Pantos CEO Lee Yong-ho (second from the left) with Kazakhstan’s Minister of Transport, Marat Karabaev (third from the left), following their meeting
[Photo 2] LX Pantos CEO Lee Yong-ho, side by side with PTC Group CEO Timur Karabaev, signing an MOU