Aramex strengthens its Asia-Pacific presence
Aramex, the global logistics and transportation solutions provider, today announced its joint venture with Leo Global Logistics, a prominent logistics service provider in Thailand. The move is part of the company’s expansion strategy in global growth markets.
Leo Global Logistics will provide Aramex with important import and export logistics capabilities in Thailand and South East Asia and allow the company to to take advantage of the boom in online shopping in the region.
Aramex Thailand will build on the company’s owned operations in Singapore, Malaysia, Indonesia, Hong Kong, China and Australia to help facilitate smooth cross border movement across the region.
Mirroring Aramex’s business model, Leo Global Logistics has low ownership of fixed warehouse and transportation assets, working with strategic partners in order to maximize efficiencies and reduce costs.
Annually, the logistics sector in Thailand generates approximately $10 billion for the economy, with a current reliance on land freight and transport. With a population of more 65 million and a developing e-commerce platform, Thailand also offers prolific opportunity for Aramex to offer online shopping delivery solutions.
Commenting on the joint venture, Hussein Hachem, Chief Executive Officer of Aramex said: “I am delighted to announce this joint venture in Thailand, which sets the stage for Aramex Thailand to play a key role in continuing our expansion into the Asia Pacific market and to benefit from our established global network. The performances of our operations throughout Asia-Pacific this year have been very encouraging overall; we recently announced record growth figures for Aramex, and our expansion into global markets such as Thailand is a key contributor to this. ”
Othman Aljeda, Chief Executive Officer for Aramex in Asia, said: “Leo Global Logistics has extensive industry and market experience in the region with an excellent management team who have significant first-hand knowledge and expertise. The company is perfectly aligned with Aramex’s business strategy and model.”
Kettivit Sittisoontornwong, President and CEO of Leo Global Logistics commented: “We are very proud of the business we have built in Thailand over the years, becoming one of Thailand’s leading logistics firms and look forward to working closely with Aramex to strengthen our offering in freight forwarding, express services, ecommerce solutions including Shop and Ship as well as secure records and information management solutions. Aramex has a strong global network and international expertise and this joint venture complements our dedication to continuously providing both our existing and new customers in Thailand with comprehensive integrated total logistics solutions.”
