New TNT China head office in Shanghai opened in presence of full TPG board
Mail, express and logistics company TPG N.V. reinforced its commitment to China today during a ceremony to mark the opening of the new TNT China head office in Shanghai. The full Board of Management of TPG attended the opening, after a week in China filled with site visits, as well as meetings with key officials, business relations and TNT management and staff. During the opening event Peter Bakker, CEO of TPG, outlined the company’s leadership vision, business model and plans for China.
Peter Bakker: “The impressive visit this week has confirmed to the Board of Management that China indeed has the potential to be a key driver for TPG’s future global growth. We are encouraged by the progress made by our people on the ground. The opening of the new office located at prestigious landmark of Shanghai, People’s Square, obviously is a milestone. But the real difference will be made by our people and their drive, commitment and professional standards to further develop our business in China.”
TPG further outlined its plans to expand its market leadership position in China, leveraged on five key pillars of strength: people, infrastructure, technology, TPG-1 as the business model and commitment to the community.
TPG announced earlier this year that it plans to invest up to € 200 million in the next few years. The business case is based on extensive market research and phased development. China is expected to be the world’s second passenger market by 2010 and the Express market will be the sixth largest in the world. The mail market is expected to grow rapidly in China, creating huge opportunities in Direct Mail business. Based on current growth numbers TPG expects that the number of employees will have increased by tenfold by 2010, compared with today’s levels, and that its China network will have expanded to more than 100 branches serving over 1,000 cities.
Since the start of the activities in 1988, TNT China has built a profitable business in logistics and international express. In 2003 the company generated revenues of €250 million across its integrated mail, logistics and express activities. It currently employs 2,500 staff across the network of 25 depots, and services more than 500 cities in China. TNT China currently operates seven gateways to China – Beijing, Shanghai, Guangzhou, Dalian, Hangzhou, Xiamen and Shenzhen. TNT China is the largest automotive logistics provider in China through its JV with Anji.
