Specialist maritime transport group Erhardt, which in November 2012 opened a commercial trading office in Shanghai to strengthen its position in international markets, has decided to reinforce its commitment to Asia by opening a new subsidiary.
Erhardt, with headquarters in Bilbao and with extensive experience in the export and import of iron ore, coal and iron & steel products, will create a new company in Asia with its own legal status this year, although the exact location has not been specified.
This operation will account for a large part of Erhardt Group investments this year, according to the information released by the company at its annual convention, which took stock of the results obtained in 2014.
Erhardt obtained a double digit rise in turnover last year, despite international turbulence, which contributed to the company’s increased gross margins. The majority of the investments made in 2014 focused on port terminals.