Argentina: DHL grows 100% in five years locally

DHL was founded back in 1969 by Messrs Dalsey, Hillblom and Lynn of the US; thirty years later, it became part of the Deutsche Post World Net group with a world turnover of around Euro 60bil. DHL’s express delivery and logistics services are available in 220 countries. In Argentina, it has invested USD 40mil and has been run by Norberto Lovaglio for the last six years (the executive was also made regional vice-president for Hispano-America earlier this year).
Locally, DHL has extended its international courier system and has begun working with local domestic post. Over the last five years, DHL’s Argentinian operations have expanded 101%: starting off in the year 2000, it had a 27% market share and it now has 50% of the market. The firm can be expected to try to buy up other operations soon but it does not, according to Lovaglio, plan to bid for Correo Argentina if the latter’s reprivatisation is called.