Brazil: TNT enters contract with Samsung
A contract worth R$20mil between TNT Logistics and Samsung SDI Brasil celebrates a five-years strategic partnership. In the first half of 2005, TNT will invest R$2.5mil in Samsung’s project in operations infrastructure and IT. TNT will be responsible for the whole supply chain of Samsung’s plant. The goal of TNT is that the long-term contract reduce logistic costs by 30%. The Brazilian subsidiary registered a net income of R$372mil in 2004 and predicts R$400mil for 2005 – 65% from the automobile sector; 15% from the agricultural area and 20% from industrial activity. The goal to reach R$1bil has been postponed from 2006 to 2008.
