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AUSTRALIA'S ASCIANO TO FOCUS ON DEVELOPING COAL HAULAGE BUSINESS.
MELBOURNE, March 3 Asia Pulse - Transport infrastructure firm Asciano Group (ASX:AIO) says its coal haulage business will take more prominence going forward.
Asciano chief executive Mark Rowsthorn said Asciano's ocean terminals business and intermodal business were important.
"However, I see those balances being evened out over time as the coal business improves and we expand into Queensland," Mr Rowsthorn said.
"And also in bulk ports, we've got some tremendous opportunities to expand that business, so less reliance perhaps on our intermodal and the Patricks ocean terminal business going forward."
Mr Rowsthorn said there was very strong demand for coal but the supply chain was being hampered by issues at the ports and in rail track infrastructure.
"We've been unable to manage our way through that as successfully as we anticipated, but plans are well under way to shore up that," he said.
Mr Rowsthorn said Asciano was continuing to invest in Hunter Valley coal haulage operations, and was about to introduce three new trains there.
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Source: HighBeam Research, AUSTRALIA'S ASCIANO TO FOCUS ON DEVELOPING COAL HAULAGE BUSINESS.