As Poslovni Dnevnik/Suzana Varosanec writes on the 12th of November, 2020, HZ Cargo, a technologically backward state-owned company, is continuing its restructuring under a new management led by director Dragan Marcinko. Is this a brand new start for Croatian transport?
After being a crisis manager for several companies, Marcinko accepted a new challenge to save this Croatian transport company, which is why he is embarking on a programme to modernise the company’s entire fleet. They took over the Siemens Vectron X4 A17 electric locomotive from the German leasing company ELL Germany GmbH at a price that can’t be revealed or found out due to a contractual obligation of the other party, and with the announcement that two more electric locomotives with a minimum power of 5.6 MW are planned for the year 2021.
They should arrive at the beginning of the year, when the initial activities of modernisation of the HZ Cargo fleet would be completed. This is one of the main preconditions for the implementation of a successful restructuring of the company and indeed Croatian transport, in full accordance with the goals approved by the EC in order to stabilise and maintain business, on the obviously longer path that awaits them to find a strategic partner.
In preparation for this, Marcinko’s management is already working as part of the proposed set of measures – securing new contracts for the transport of goods, which aim to ensure the stabilisation of the company by finding a quality partner that would continue to operate in a liberalised market. Last year, they transported only about 47.5 percent of the annual amount of transported cargo. Next year, Marcinko intends to raise that share to 60 percent, which would allegedly lead to the cessation of ”loss-making” business.
The new electric locomotive, which will meet all modern traction needs and represent in some way an overhaul of the lagging Croatian transport offer, offers technical flexibility and long-term economic predictability and is the first concrete step towards “the necessary turn in the company’s way of doing business and adapting to the conditions of the growing railway market”.