DHL to double Hong Kong capacity
DHL is investing USDollars 110M to double the capacity of its cargo-handling hub in Hong Kong six years ahead of schedule, as its business in mainland China grows.
The move, announced yesterday and due to be completed in 2007, will make Hong Kong DHL’s largest hub outside the US, with capacity to move 75,000 pieces an hour. Scott Price, DHL Express chief executive for Asia-Pacific, called the expansion a “very significant, long-term commitment to Hong Kong”.
DHL’s investment is the latest development in an increasingly fierce competition between the world’s largest express carriers in China. In July, FedEx announced plans to spend USDollars 150M to move its Asia-Pacific hub from Subic Bay in the Philippines to Guangzhou, 174km north of Hong Kong. United Parcel Service announced plans to build a hub in Shanghai the same month.
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