Spanish DHL Iberia Invests 3.82 Mln Euro in Facilities in Logrono
DHL Iberia, the Spanish subsidiary of German express mail delivery group DHL, a unit of German postal service operator Deutsche Post, invested 3.8 mln euro ($4.66 mln) to build facilities in Logrono, La Rioja region, northeastern Spain, DHL Iberia said on October 5, 2004.
The facilities, with a total area of 6,000 sq m, in the La Portalada II industrial park, will start operations on October 6, 2004. The facilities consist of a 3,000 sq m of transports and distribution premises, a 1,000 sq m logistics platform and offices.
The new installations will allow the company to unify its air and land transports activities in the region.
[Editor’s note: Deutsche Post said on September 28, 2004 it is taking a 38 pct stake in Spanish postal company Unipost for undisclosed sum. The move is aimed at increasing Deutsche Post’s presence in foreign mail delivery markets, the German company said.
Unipost has some 2,000 employees and had sales of 63.7 mln euro ($78.3 mln) in 2003.
Spanish courier service sector forecasts a turnover of a total 5.8 bln euro ($7.118 bln) for 2004, up 10.9 pct year-on-year, Spanish consultancy DBK said. The five biggest operators in the delivery of industrial parcels in the country, including DHL Iberia and Spanish Azkar, accounted for 46 pct of the total sector turnover in 2003.]
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Source: La Bolsa
