Tag: Asia

UPS Investing To Build Facilities, and Logistics Network In China

Posted by | Feb 9, 2005 | |

As part of an aggressive effort to further link China to markets around the globe, UPS has opened three new warehouse and distribution centers in Shanghai, Suzhou and Futian and is executing plans to open another 20 facilities in major cities over the next two years. The new facilities, each of which is strategically located adjacent to vital manufacturing centers, expands to more than 40 the number of logistics centers operated in China by UPS Supply Chain Solutions. The supply chain management arm of UPS now plans to open 10 facilities in 2005 and another 10 in 2006.

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DHL eyes Sinotrans increase

Posted by | Feb 5, 2005 | |

DHL may raise its 5 per cent stake in Hong Kong-listed Sinotrans as it beefs up delivery operations in China. The company – which expects to report revenue growth of more than 50 per cent in the mainland this year – said that China Domestic, its domestic parcel service, was expanding its reach to 50 cities from the initial 16. “There is a chance of raising the 5 per cent Sinotrans holding,” Klaus Zumwinkel, chairman and chief executive of Deutsche Post, told a briefing in Singapore. But he cautioned: “There is no immediate offering, or immediate need.” DHL acquired the 5 per cent holding in Sinotrans in February 2003 for USDollars 57m, building on a joint-venture tie-up that the companies have had since 1986.

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Asia-Pacific region is engine of growth for DHL – CEO

Posted by | Feb 4, 2005 | |

The Asia-Pacific region, led by China and India, has emerged as the engine of growth for German DHL, said Klaus Zumwinkel, chairman and chief executive of DHL’s parent firm, Deutsche Post World Net. Zumwinkel told a press briefing during a visit here that the region’s share of DHL’s global revenues is expected to rise to nearly 20 pct by 2010 from 11 pct in 2003. DHL is set to ride on projected robust growth in world trade as tariff and non-tariff barriers are removed and governments and companies increasingly outsource segments of their businesses such as logistics, Zumwinkel said. ‘Asia for our company is the engine of growth,’ he said. ‘Here is where the topline growth comes from.’ He said Asia currently had the fastest growth rates for the company compared with the European and US markets.

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DHL says it is not keen to provide mail services in Singapore

Posted by | Feb 4, 2005 | |

DHL says it is not keen to provide mail services in Singapore when the market is liberalised in 2007. Currently, SingPost holds a monopoly on mail services in Singapore, which will end on March 31, 2007. But DHL is setting its sights elsewhere. Dr Klaus Zumwinkel, Chairman, Deutsche Post World Net, said: “No, not looking at coming into this market. Now Europe is being liberalised too – the whole of Europe in the mail market and therefore we are investing in the mail market in Europe, not in Asia. New Zealand has liberalised in the Asia Pacific, Japan is going to liberalise its market, it’s going to take a bit longer, and then Singapore – that’s the only 3 markets I’m aware of going to liberalise but Europe is going to liberalise in all the 25 member states of the European Union liberalising the mail market that’s where we are investing.”

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