Asciano Limited
Company Information

Asciano Limited Company Profile

Asciano Limited is at home by the sea and by the tracks. The company owns two Australian transportation infrastructure businesses, Patrick (port operations, including facilities management and stevedoring) and Pacific National (freight rail operations). Asciano also holds interests in Patrick Autocare, which provides motor vehicle processing, storage and distribution. Its Pacific National Coal operates an export terminal for coal. Asciano was created in 2007 when Toll Holdings spun off its port operations and railroad interests to shareholders. Struggling under a debt load of more than $3 billion, the company has been raising equity in efforts to recapitalize.