DHL to invest USD 35 million in Hong Kong
DHL announced a USD 35 million investment program in Hong Kong to capitalize on the continued growth of the region’s trade. The program comprises the opening of a new facility in South Kowloon which will enhance DHL Express’ ground handling capacity by about 20%, as well as a large-scale office relocation plan to further strengthen operational synergy.
Scott Price, Chief Executive Officer – Asia Pacific, DHL Express, said: “We are very pleased to celebrate the beginning of 2007 with this exciting expansion plan. DHL Express Hong Kong ended 2006 with double-digit growth, clearly benefiting from the strength of China’s growth and the dynamism of other economies in the region. This is the 5th consecutive year that DHL has recorded double-digit growth in Hong Kong. The investment program brings us close to USD 1 billion in our commitment to the Greater China area to position us for the opportunities which abound in this region.”
This investment program lifts DHL’s total investment in Hong Kong to USD645 million, which includes the USD 210 million Central Asia SuperHub, investment in Air Hong Kong, service centers and office facilities. Hong Kong’s position as the centerpiece of DHL’s hub-and-spoke network has been further cemented by the Company’s USD 400 million investment in Air Hong Kong, a joint venture with Cathay Pacific, which feeds cargo from around Asia Pacific into Hong Kong for consolidation and transit purposes.
