DHL expects China to become its largest market in Asia Pacific in 3 years
Deutsche Post World Net AG subsidiary DHL said it expects China to become its largest market in the Asia Pacific region within two to three years.
Chief operating officer for Asia Pacific John Mullen said the company’s business volume in China is currently growing at a rate of 45-50 pct year-on-year.
Mullen said DHL plans to add some 10-11 collection and distribution points in China this year and invest further in infrastructure and technologies in the region.
DHL raised its interest in Air China in early March from 30 pct to 40 pct for an undisclosed sum.
Mullen said DHL is happy with the level of stake in Air China and has no immediate plans raise it further.
The company today launched a new corporate visual identity to reflect its three distinct business lines in the Asia Pacific region.
DHL Express will be the express delivery arm, taking over the existing business of DHL Worldwide Express.
DHL Danzas Air & Ocean represents the former business of Danzas Intercontiental.
DHL Solutions will combine the contract logistics, warehousing and distribution operations of DHL and Danzas.
ptc/ds/rf
