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Tag: Kerry Logistics

  • FamilyMart expands Bangkok delivery service with Kerry

    FamilyMart expands Bangkok delivery service with Kerry

    Convenience store chain FamilyMart has partnered with logistics operator Kerry Express to expand its Bangkok delivery service. “Today, the e-commerce market has grown continuously for more than 20 per cent annually, and individual consumers have also had a greater demand for express delivery over the past three to five years,” said Central FamilyMart president Chiranun Poopat.

    “We have introduced Kerry Express, an express delivery service, available 24 hours a day at our FamilyMart stores in Bangkok and surrounding locations. The door-to-door express delivery will be provided to our individual customers so that they will be able to send their parcels to any locations throughout the Kingdom with fast and high-standard delivery process.”

    The new service is being promoted with a free limited-edition parcel delivery box available to customers during the Christmas period. The box will be provided to customer spending more than THB79 (US$2.42) via its express delivery service.

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  • Kerry logistics acquires stakes in Saga Italia

    Kerry logistics acquires stakes in Saga Italia

    With their newly acquired stakes in Saga Italia S.p.A, Kerry logistics is looking to strength their project logistics capabilities.

    Kerry Logistics Network Limited (Kerry Logistics) has acquired a majority stake in Saga Italia S.p.A. (Saga Italia) as part of its ongoing global expansion strategy. With the acquisition of the Milan-based logistics company, Kerry Logistics strengthens its overall service portfolio by adding Saga Italia’s specialised know-how in the fields of project logistics, heavy lift services, and material management.

    The acquisition will also add three new countries to Kerry Logistics’ network, namely, the Republic of the Congo, Uganda, and Egypt, as well as new offices in Kazakhstan, Turkmenistan, United Arab Emirates, Russia, and the US.

    Founded in 1985, Saga Italia provides end-to-end solutions tailored to its customers’ project requirements. More than 150 logistics professionals manage projects for multinational corporations across the globe, particularly for customers in the oil and gas industry. Saga Italia’s comprehensive range of services also includes a complete suite of international freight forwarding services covering air, ocean, and overland transportation.

    Thomas Blank, Managing Director of Europe, Kerry Logistics, said, “With this step, we continue to build upon our expertise in project logistics which currently spreads across China, The Philippines, Indonesia, The Commonwealth of Independent States, and India. Saga Italia’s specialised knowledge further strengthens our activities and will support us to tap into the immense business opportunities as more Belt and Road projects get off the ground. With Saga Italia on our team, we are able to provide a platform to consolidate our project logistics capabilities across the globe.”

  • Continental extends inbound deal with Kerry Logistics

    Continental extends inbound deal with Kerry Logistics

    Kerry Logistics has secured a four-year extension to its contract with the tyre-making division of tier supplier Continental.

    The third-party logistics provider’s division in Germany will handle international ocean freight export of tyres and provide logistics services for Continental’s procurement of raw materials to production sites worldwide, mainly from Asia.

    Kerry Logistics’ German division has been working with Continental for more than 25 years in providing procurement operations for raw materials including rubber, carbon black and steel cord from Asian source countries including China, Thailand, Japan, Malaysia, Indonesia and India.

    Kerry has 40 logistics professionals managing the transport of materials from Asia to western Europe. Continental’s tyre division has seen an increase of more than 10% in materials moved in recent years. The 3PL said it was now organising logistics solutions for Continental sites in 13 countries and managing transport services, as well as partly acting as customs broker. In addition, Kerry Logistics is now providing warehousing and distribution solutions in China and the United Arab Emirates.

    “We are delighted to continue our cooperation with Kerry Logistics,” said Jorge Almeida, senior vice-president, rubber division purchasing and corporate indirect materials at Continental. “Kerry Logistics’ global network supports us in our growth strategy and expansion of our international business. The team in Bremen provides tailored solutions that meet our supply chain demands, leveraging our sourcing and export activities in multiple countries.”

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  • Kerry Logistics to focus on Asian cross-border trade

    Kerry Logistics to focus on Asian cross-border trade

    Rising competition and costs in China saw Kerry Logistics’ business on the mainland decline in 2017, with the Hong Kong-listed third-party logistics provider (3PL) planning to increase its focus on cross-border trade to capitalize on Asia’s rapidly growing e-commerce market.

    More than 78 percent of the group profit is derived from its integrated logistics division, which covers e-commerce and the express business where the logistics operator is seeing considerable growth. The Asia segment within integrated logistics in 2017 grew by 56 percent from 2016.

    Kerry Logistics’ year-over-year revenue for 2017 rose 28 percent to $3.9 billion, with operating profit increasing 13 percent to $271 million and net profit up 7 percent to $150 million. William Ma, group managing director of Kerry Logistics, said global economic growth was behind the recovery in investment, manufacturing, and trade activity, especially in Asian markets.

    “The overall performance of Asia remained robust, driven by pronounced external demand and rising domestic consumption,” Ma said. “Kerry Logistics performed better in the second half of 2017 when compared to the first half, buoyed by the continued strength in global e-commerce, the sound performance of Apex in the Americas, and the accelerating growth of our express business in Thailand.”

    The 3PL will be looking to build on the strong momentum that has developed in cross-border e-commerce, particularly between greater China and Association of Southeast Asian Nations (ASEAN). “In light of the outstanding performance of the express business in Thailand, the group plans to extend the success to other ASEAN markets such as Vietnam, Malaysia, and Singapore,” Kerry Logistics noted in its earnings release.

    The international freight forwarding division in 2017 recorded a 41 percent increase in revenue and a 14 percent rise in segment profit, fueled by overall volume growth and a significant contribution from Apex Maritime, a trans-Pacific trade specialist in the United States that Kerry Logistics acquired in mid-2016.

    Yet even with increasing cargo volume, rising freight rates in 2017 — caused by carrier consolidation, reshuffled alliances, and managed capacity — compressed the profit margin of the forwarding division.

    George Yeo, chairman of Kerry Logistics, said the group was widening its network. “With the addition of Globalink Logistics and Lanzhou Pacific Logistics [both acquired in 2017], we now have the strongest road and rail freight network across Eurasia,” he said. Globalink Logistics extends the group’s reach into the Commonwealth of Independent States and Central Asia, while Lanzhou Pacific adds rail logistics to its portfolio.

    “The deepening and widening of our capabilities positions us well for rapidly growing, cross-border e-commerce, which is facilitated by better physical connectivity and greater international cooperation,” Yeo said.

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  • Asian markets carry Kerry Logistics to new profit heights, despite China dip

    Asian markets carry Kerry Logistics to new profit heights, despite China dip

    Asia powered Kerry Logistics to a strong 2017 performance, with double-digit growth in revenue and profits. Turnover was up 28% year on year to HK$30.7bn (US$3.9bn) generating an operating profit of HK$2.1bn (up 13%) and net profit of HK$1.2bn (up 7%). Group managing director William Ma said the company had benefited from the “upswing” in the global economy, but singled out one region for praise.

    “The overall performance of Asia remained robust, driven by pronounced external demand and rising domestic consumption,” said Mr Ma.

    “We did better in the second half of the year, buoyed by the strength of e-commerce, the sound performance of subsidiary APEX in the Americas and accelerating growth in express business in Thailand.”

    However, it wasn’t all good news for Kerry’s Asian operations – profits from Chinese forwarding and logistics were down 6.9% and 7.5%, respectively.

    Worse performance, though, was from the Taiwanese forwarding division, where profits plummeted more than 39% to HK$4.8m. And European forwarding stayed flat, dipping 0.1% to HK$23.54m.

    However, with the company’s Asian logistics segment seeing a profit surge of 56% to HK$425m, the real figure drop in Taiwan will hardly dent Kerry’s optimism. Group chairman George Yeo said the firm had responded to the needs of its customers over the last 12 months, which had allowed it to improve efficiencies.

    “With the addition of Globalink Logistics and Lanzhou Pacific Logistics, we now have the strongest road and rail freight network across Eurasia,” Mr Yeo said. “The deepening and widening of our capabilities positions us well for rapidly growing cross-border e-commerce, which is facilitated by better physical connectivity and greater international cooperation.

    “As we continue to bring in catalysts to drive the scale, volume, and efficiency of our global IFF network, the Group is optimistic to deliver sustainable results.”

    Considering the strong express performance, powered by e-commerce, the company said it planned to roll out express operations in Malaysia, Singapore, and Vietnam.

    But it also announced it had disposed of its rail terminal business in Adelaide, in January, and would be selling its 15% stake in Asia Airfreight Terminal.

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  • Tuvia Italia under kerry logistics wins capital elite award at china awards in milan

    Tuvia Italia under kerry logistics wins capital elite award at china awards in milan

    Tuvia Italia under Kerry Logistics Network Limited, has garnered the Capital Elite Award at the China Awards 2017, in Milan, Italy.

    The China Awards, organised by the Italy-China Foundation, recognise and champion Italian and Chinese companies that have maximised opportunities of cross-border investment in both countries. Judges of the awards included senior members of the premier Italian financial newspaper MF-Milano Finanza, the Italian Chamber of Commerce in China, and the University of Brescia.

    Alessandro Canese, Managing Director of Tuvia Italia said, “Receiving the Capital Elite Award is a wonderful recognition of how investment opportunities for many sectors depend upon efficient logistics services. The tools to trade across borders and supply the international markets are increasingly important to today’s shippers, and we do our utmost to facilitate them, including acting as tax agent for non-EU customers wishing to set up operations in Italy.”

    Tuvia Italia was recognised for its work assisting the two most famous ‘non-docking’ bicycle Chinese companies to begin operations in Italy by using its new China-Europe rail services, launched this year.

    It also supported the launch of Chinese operations for an Italian e-retailer by integrating Chinese online platforms Alibaba, JD, TMall, and Yihaodian, into its own fulfilment software. Tuvia Italia was also appointed by a leading Chinese telecommunication company to run the downstream logistics operations for a strategic infrastructure project with a major telecommunication company in Italy. In November 2017, Tuvia Italia was welcomed as a member of the Italy-China Foundation.

    To support trade flow between China and Italy, Tuvia Italia participated in the business conference ‘Belt and Road Initiative: Building a Concrete Roadmap for Italy and China’s Joint Growth’ in Milan, Italy on 30. November 2017. Rio Lam, Assistant Manager Global Management Office of Kerry Logistics, illustrated to the audience the opportunities and challenges along the new Silk Road.

  • Kerry Logistics Garners Two Wins at Directors of the Year Awards 2017

    Kerry Logistics Garners Two Wins at Directors of the Year Awards 2017

    Kerry Logistics Network Limited (‘Kerry Logistics’; Stock Code 0636.HK) is pleased to announce that the Group has garnered two wins at the Directors of the Year Awards 2017 (the ‘Awards’) organised by The Hong Kong Institute of Directors (‘HKIoD’). The Board of Directors and Group Managing Director William Ma were selected as the winner in the Boards category and the Executive Directors category of the Listed Companies (SEHK – Hang Seng Indexes Constituents), respectively. The Awards presentation ceremony was held on 30 November 2017 at the Hong Kong Convention and Exhibition Centre, with Chief Executive of HKSAR Mrs Carrie Lam Cheng Yuet-ngor as the guest of honour.

     

    Organised annually by the HKIoD and co-organised by the Financial Services and the Treasury Bureau of HKSAR Government, Securities and Futures Commission, and Hong Kong Exchanges and Clearing Limited, the Awards aim to recognise outstanding boards and directors, and to promote good corporate governance and director professionalism. The Awards this year have set as its theme ‘Belt and Road: Corporate Governance in Times of Opportunities’, which highlights the importance of good director practices for companies to cope with the new opportunities and challenges derived from the Belt and Road initiative.

     

    The Board Award recognised the collective exemplary performance of the board of directors. The HKIoD judges commented that the Board of Kerry Logistics has been guiding the company to operate with integrity, transparency, and accountability. Its establishment and maintenance of risk management, internal control, and whistleblowing policies and systems were also commended.

     

    The Executive Director Award was conferred in appreciation of the effectiveness, contribution, leadership, and business ethics of the individual winner. William Ma attached great importance to those by applying his deep knowledge about the industry to set up strategy and manage risk from enterprise-wide perspective, the HKIoD judges remarked. His adherence to transparency when communicating with the Board and management team was likewise praised.

     

    “We are deeply honoured to receive the two prestigious awards from the HKIoD,” said William Ma. “These awards acknowledge the dedicated efforts of the Board and staff. The team has toiled over many years in places of different languages, cultures, religious beliefs, and political systems. Our journey has challenged us to move out of our comfort zones, and in the process, strengthened our core belief: quality governance is twinned with operational excellence, ensuring sustainable value to customers and shareholders.”

     

    “We are grateful to the awards committee for this encouragement. We remain committed in upholding our best practices in corporate governance. This will continue to drive Kerry Logistics’ vision to become Asia’s leading logistics service provider, enabling us to maintain our competitive advantage to capture opportunities in different markets globally and along the new Silk Road, as well as to create long-term value to our shareholders and stakeholders,” William Ma added.

  • Kerry Logistics Crowned Global Freight Solutions Provider of the Year

    Kerry Logistics Crowned Global Freight Solutions Provider of the Year

    Kerry Logistics Network Limited made its debut appearance at the 21st Lloyd’s Loading List Global Freight Awards (the ‘Awards’) in London, taking home the Global Freight Solutions Provider of the Year award.

    Held at the Lancaster London Hotel on 16 November 2017, the award ceremony was attended by more than 500 guests from the global freight and logistics industry.

    Organised annually by Lloyd’s Loading List, a freight publication of more than 160 years, the Awards recognise companies with innovative ideas and achievements and have set a benchmark for excellence in the global freight industry.

    Kerry Logistics was honoured for its innovative multimodal solutions and successful development of an integral Eurasian overland transportation network between Europe and China with new LCL rail options, providing greater flexibility to its international customers.

    Thomas Blank, Managing Director of Europe, Kerry Logistics, said, “We are excited to win the Global Freight Solutions Provider of the Year award. With the ambition to become a major logistics service provider for the new Silk Road, we are strategically expanding our network by sea, air, road and rail, devising new innovative solutions to offer our clients a competitive advantage. We are committed to offering a full range of upstream and downstream services to meet the demands of today’s shippers, from industrial freight, down to smaller e-commerce commodities.”

    In June 2017, Kerry Logistics enhanced its services and network under the Belt and Road initiative by adding a new subsidiary, Globalink Logistics, under its umbrella. This move expanded its presence in nine countries across Central Asia which include Kazakhstan, Uzbekistan, Kyrgyzstan, Tajikistan, Turkmenistan, Georgia, Armenia, Azerbaijan, and Ukraine. While Kerry Logistics continues to develop an overland transportation network for road, rail and multimodal freight services from China to Central Asia and Europe, it will also build upon its expertise in project logistics within its global network to explore new business opportunities.

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  • Kerry Logistics Named Care & Positive Work Environment of the Year at Supply Chain Asia Awards 2017

    Kerry Logistics Named Care & Positive Work Environment of the Year at Supply Chain Asia Awards 2017

    Kerry Logistics Network Limited was named Care & Positive Work Environment of the Year at the Supply Chain Asia Awards 2017 (the ‘Awards’) in Singapore.

    Kerry Logistics was commended for its commitment to creating value for its employees through rewarding careers, an embracing workplace, and a healthy work-life balance. As the Group continues to expand, it will constantly invest in people development and recruit industry professionals as well as young talents of different cultures to build a winning team.

    Robert Tan, Managing Director of South and Southeast Asia, Kerry Logistics, said, “The esteemed award is a testament to our dedication in nurturing the growth of our staff. We are thankful for the trust and support our customers, business partners, and the entire staff force have put in us. We will continue to meet the needs of our stakeholders by holding the best business practices in pursuing business development.”

    Organised by Supply Chain Asia magazine (‘SCA’), the annual Awards celebrate businesses and industry practitioners for their distinguished contributions in the supply chain and logistics industry. Winners must be nominated by SCA readers, community members as well as the Awards Committee. The Awards are managed by an independent team of judges and the process of voting and counting is supervised by an Ernst & Young team.

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  • Kerry Logistics receives Listed Enterprises of the Year Award

    Kerry Logistics receives Listed Enterprises of the Year Award

    Kerry Logistics Network Limited was named a winner of the Listed Enterprises of the Year 2017 by Bloomberg Businessweek/Chinese Edition for the second year running in recognition for its outstanding performance. Kerry Logistics is the only logistics company to receive this title.

    Organised by Bloomberg Businessweek/Chinese Edition, the award presentation ceremony was joined and supported by senior representatives of The Chamber of Hong Kong Listed Companies, The Hong Kong Institute of Bankers, The Hong Kong Institute of Chartered Secretaries, and InvestHK. Eighteen winners were selected by an independent panel of judges based on analytics from Bloomberg Terminal and a multitude of criteria in respect of company performance, corporate governance, investor relations, innovative strategies, and community engagement.

    “We are excited to receive this prestigious award for the second year in a row,” said Gary So, deputy managing director of Kerry Logistics.  “The pursuit of excellence and the commitment to offering best-in-class supply chain solutions have always been a promise we squarely adhere to.  We are thankful to the distinguished judges for acknowledging our continuous effort. Going forward, we will continue to further strengthen our unique strategic position as an Asia specialist supported by a global network.”

  • Kerry Logistics Awarded Frost & Sullivan’s Asia Pacific Regional E-Commerce Logistics Service Provider of the Year

    Kerry Logistics Awarded Frost & Sullivan’s Asia Pacific Regional E-Commerce Logistics Service Provider of the Year

    Kerry Logistics is pleased to announce that its subsidiary, Kerry Express, has been named the Asia Pacific Regional E-Commerce Logistics Service Provider of the Year at the 2017 Frost & Sullivan Asia Pacific Best Practices Awards (‘the Awards’).

    Organised annually by global business consulting firm Frost & Sullivan, the Awards recognise best-in-class companies in the Asia Pacific for their outstanding achievements and performance in areas such as leadership, technological innovation, customer service, and strategic product development. The results were measured by industry analysts through in-depth interviews, analysis, and extensive secondary research to identify the best practices in each field. The selection of award recipients was based on a set of parameters including revenue growth, market share, leadership, and business strategy.

    “We are delighted to earn such a prestigious honour from Frost & Sullivan for our express operation,” said Alex Ng, Executive Director of Kerry Express. “We wish to thank Frost & Sullivan and the industry analysts for the recognition, and our express team for their hard work and support. The accolade is a testament to our dedication in providing reliable and cost-effective B2C/ C2C e-commerce solutions to some of the biggest e-retailers and small sellers on social media in the region. Leveraging the booming e-commerce and cross-border activities in Asia and across the globe, we will continue to focus on bringing innovative and flexible e-fulfilment solutions to our customers.”

    Kerry Logistics’ expansive express network covers Hong Kong, Taiwan, Thailand, Vietnam, Malaysia, and Cambodia. To further strengthen its service capability and coverage, Kerry Logistics formed a joint venture in 2017 Q2 with a local express operator in Indonesia to tap into the booming local express market. Singapore will be the next target for expansion.

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  • Kerry Logistics appoints new head of UK food and beverage division

    Kerry Logistics appoints new head of UK food and beverage division

    Kerry Logistics has appointed Claire Trench as Head of Food and Beverage (F&B), based at its Glasgow, Scotland office in the United Kingdom.

    Trench has over 17 years’ experience in forwarding, most recently in senior management positions working with leading brands in the beers, wines, and spirits industry. In her new role, she will support brands looking to export to the rapidly developing F&B market in Greater China, where Kerry Logistics offers complete cold chain logistics solutions, F&B trading, and production services.

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  • Kerry Logistics Records 10% Growth in 1H Core Operating Profit to HKD1,019 Million

    Kerry Logistics Records 10% Growth in 1H Core Operating Profit to HKD1,019 Million

    Kerry Logistics Network Limited (‘Kerry Logistics’ or together with its subsidiaries, the ‘Group’; Stock Code 636) today announced the Group’s interim results for the six months ended 30 June 2017.

    The Group’s Financial Highlights

    • Turnover surged by 31% to HKD13,705 million (2016 1H: HKD10,461 million)
    • Core operating profit increased by 10% to HKD1,019 million (2016 1H: HKD928 million)
    • Core net profit went up by 5% to HKD576 million (2016 1H: HKD548 million)
    • Profit attributable to the Shareholders rose by 11% to HKD788 million (2016 1H: HKD709 million)
    • Integrated Logistics (‘IL’) business recorded a segment profit of HKD884 million (2016 1H: HKD799 million), which represents a lift of 11%
    • International Freight Forwarding (‘IFF’) business achieved a 7% increase in segment profit to HKD222 million (2016 1H: HKD208 million)
    • Interim dividend of 8 HK cents per share recommended

    William Ma, Group Managing Director of Kerry Logistics, said, “2017 1H has been another challenging period. Global demand stalled in Q1 and our cargo volume was at a low level in January and February. Nevertheless, the temporary slowdown in Q1 reversed as the world economy gradually stabilised with cyclical recovery starting from Q2. Supported by strong logistics volume growth in Asia and sound performance in the Americas, the Group’s performance and earnings have shown considerable improvements since Q2. Against this backdrop, for 2017 1H, Kerry Logistics recorded a 31% growth in turnover and a 10% growth in core operating profit. However, core net profit only reported a 5% growth due to the unsatisfactory performance of our investments in associates, which reported a 52% year-on-year decrease in contribution.”

    Strongest Network in Asia

    In 2017 1H, Kerry Logistics continued to adhere to the global development strategy of capturing opportunities brought forth by China’s Belt and Road Initiative. The new subsidiary Globalink Logistics, with operations spanning across Commonwealth of Independent States countries, added nine countries to Kerry Logistics’ global network. They include Kazakhstan, Uzbekistan, Kyrgyzstan, Tajikistan, Turkmenistan, Georgia, Armenia, Azerbaijan and Ukraine. Meanwhile, another new member, Lanzhou Pacific Logistics, allows Kerry Logistics to offer multimodal solutions to customers within its global network.

    The development of an integral overland transportation network with land-bridge connectivity demonstrates Kerry Logistics’ commitment to providing new options and cost-efficient solutions to customers.

    IL Maintains Stable Growth

    The IL division delivered an 11% growth in segment profit in 2017 1H. The overall performance in Greater China remained flat. In Hong Kong, the logistics business delivered continued growth as it benefitted from contribution through new business and customer wins, while the warehousing business maintained growth after a change in client mix despite rental pressure. Weak performance of some of the key accounts in Mainland China adversely affected the Group’s business performance. Although the increased operating cost under the new labour law added pressure on 1H earnings, Taiwan’s performance is expected to improve in 2017.

    The overall IL business in Asia remained strong in 2017 1H, driven by the enhancement of the Group’s service capabilities in ASEAN.

    IFF Sustains Significant Growth

    The IFF division continued to achieve significant growth in 2017 1H, fuelled by the substantial contribution by APEX in the US. As a result of the alliance shuffle, carrier consolidation and reduction in capacity, freight rates increased in 2017 1H, causing the profit margin of the IFF business to narrow, despite an increase in volume. In Europe, the acquisition of Tuvia Italia S.p.A and the launch of the new sales office in Poland further strengthened the Group’s global IFF sales and operations network.

     

    Asset Portfolio Expansion

    All projects in the pipeline progressed as planned. In Thailand, phase four expansion of Kerry Siam Seaport is expected to complete in 2018. Construction of three logistics facilities in Shanghai and Wuxi, Mainland China, and Phnom Penh, Cambodia were completed in 2017 1H. Inland ports in Yangon and Mandalay, Myanmar, together with three other facilities in Changsha and Wuhan, Mainland China, and Guanyin, Taiwan are under construction.

    Asset Optimisation

    In March 2017, the Group entered into a share purchase agreement to divest its entire 15% interest in Asia Airfreight Terminal Company Limited to Holistic Capital Investment Limited, a subsidiary of Hong Kong Airlines Limited.  The completion of the transaction is subject to certain conditions precedent which, the Directors believe, will be satisfied in 2017 Q3. Going forward, the Group will continue to consider divesting non-core assets and businesses.

    George Yeo, Chairman of Kerry Logistics, concluded, “The Group continues to see China’s Belt and Road initiative as a major opportunity to expand our network and to drive growth in long-term profitability across Asia. The new acquisitions made in 2017 1H added important components to our strategic plan to become the pre-eminent logistics service provider for the new overland and maritime Silk Roads. We are increasing our capabilities in e-commerce and cross-border logistics in Asia.  In 2017 Q2, we formed a joint venture with a local express operator in Indonesia to tap into the booming market there.  Singapore will be our next target for expansion.  With Q2 performance much better than Q1, we expect the momentum of recovery for the rest of 2017 to be positive.”

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  • Kerry Logistics manages Maxim’s new central distribution centre

    Kerry Logistics manages Maxim’s new central distribution centre

    Kerry Logistics has secured a long-term contract with Maxim’s Caterers, one of Hong Kong’s leading food and beverage companies.

    Kerry Logistics will provide integrated logistics services to Maxim’s Group including cold chain solutions, supporting the caterer’s more than 780 outlets in Hong Kong and key accounts, 365 days per year. This strategic cooperation signals the collaboration of two industry leaders in Hong Kong, and exists to serve the Hong Kong community with speedy and hygienic food supply.

    The new strategic cooperation will see Kerry Logistics managing Maxim’s new central distribution centre (‘DC’) with multi-temperature storage, accommodating Maxim’s extensive product range. Kerry Logistics will also provide a wide range of value-added services and daily replenishment to Maxim’s restaurant chains and key accounts.

    William Ma, group managing director of Kerry Logistics, said, “This is an exciting partnership for us. As Hong Kong’s largest F&B caterer, Maxim’s has highly demanding logistics needs and some of the most complex distribution channels in the industry. Kerry Logistics is committed to servicing Maxim’s with dedicated resources, both software and hardware, as well as the Hong Kong community at large. The project will add another mega-scale domestic DC operation to our logistics business portfolio. We are looking forward to developing a long and successful partnership with Maxim’s through delivering quality performance and reliable services.”

    Michael Wu, chairman and managing director of Maxim’s Caterers Ltd., said, “Over the years the Kerry Logistics team has demonstrated its commitment and capabilities to deliver agile services to support our seasonal and project needs. The ten months in the preparation for our new DC have made us realise that our two companies share a similar culture of quality, dedication and innovation. We are delighted to work in close partnership with Kerry Logistics for enhanced efficiencies and expanded scale.”

    Supported by Kerry Logistics’ industry expertise and extensive distribution network, Maxim’s diverse range of catering services will continue to fulfil Hong Kong people’s needs.

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  • Kerry Logistics buys 50% stake in Lanzhou Pacific

    Kerry Logistics buys 50% stake in Lanzhou Pacific

    Kerry Logistics has acquired of 50 per cent shares in Lanzhou Pacific Logistics Ltd. As the new shareholder and joint venture partner, Kerry Logistics will join hands with another shareholder of LPL, China Railway Container Transport Company Limited (CRCTC), in the management and operations of LPL. The investment marks another strategic step in advancing Kerry Logistics’ expansion into the rail freight and multimodal services under the ‘Belt and Road’ Initiative.

    Founded in 2002, LPL specialises in intermodal brokerage services across China and Central Asia including Uzbekistan, Kazakhstan, and Russia. Leveraging on CRCTC’s extensive rail network in China, LPL has a nationwide rail freight network covering more than 100 cities and provides container freight stations and domestic door-to-door logistics services. LPL’s clientele includes a number of Fortune 500 enterprises located in China, spanning the non-ferrous metals, chemicals, auto parts, agriculture, and building materials industries.

    William Ma, group managing director of Kerry Logistics, said, “This acquisition will enable us to draw on the vast opportunities created by the Belt and Road Initiative. Not only will it further strengthen our rail freight capability throughout China and Central Asia, but also allow us to consolidate our expertise in project logistics within our global network.”

    “It will additionally strengthen the rail and road network we have established in The Commonwealth of Independent States through our new joint venture. By constructing an integral multimodal freight chain that connects China, Central Asia, and Europe, we are committed to providing new options and cost-competitive intermodal solutions to our international customers,” Ma added.

    In August 2012, China’s State Council approved to make Lanzhou the fifth state-level development zone in the country. Lanzhou has historically been used as the gateway to the West, due to its strategic location on the geographical and cultural cusps between Northwestern China and Central Asia.

    The city has been chosen to be the major hub of the Silk Road Economic Belt, and a vast network of infrastructure, logistics and industrial zones, and sea ports is being planned that will stretch from East Asia to Western Europe, spanning 60 countries.

    Kerry Logistics was the market pioneer to complete the first westbound charter freight train from Yiwu, Eastern China to Madrid, Spain in August 2016. It also set foot on the first eastbound freight train from London to Yiwu in April 2017.

     

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