HONG KONG, CHINA - Media OutReach
- 10 September 2018 - Kerry Logistics Network Limited ('Kerry Logistics'; Stock Code 0636.HK)
has extended its foothold in Pakistan by
forming a new subsidiary in the country to tap into the increasing trade in South Asia as well as the new business opportunities along the China-Pakistan Economic Corridor ('CPEC'), a major pilot scheme of
the Belt and Road initiative.
The new subsidiary provides air and ocean freight, cross-border road freight to
Afghanistan and China, project logistics and inland
trucking services through its offices in Karachi and
Lahore. It will enhance
Kerry Logistics' capabilities to take advantage of the growth in trade between
the two countries.
Robert Tan, Managing Director - South and
Southeast Asia of Kerry Logistics said, "We are extremely excited about the
economic development of Pakistan in the past five years. Kerry Logistics is committed to developing an overland transportation network for road,
rail and intermodal freight services in Asia. Riding on the immense
opportunities brought on by the establishment of the CPEC, we will leverage our
extensive international freight forwarding network and expertise in rail and
road freight to provide end-to-end and cost-effective multimodal solutions for
customers across the region."
Proposed by the Chinese government in May 2013, CPEC is a
multi-billion infrastructure development plan to link China with markets in Central and South Asia, as well as
to open new trade and transport routes across Asia. CPEC will create a
3,000-kilometre economic corridor via roads, railways, and oil and gas
pipelines running from Kashgar, Xinjiang in northwestern China, to Gwadar Port
in southern Pakistan.
Through its member company,
Lanzhou Pacific Logistics, Kerry Logistics is also offering multimodal freight solutions to customers via block train and trucking services along the CPEC, from multiple
regions in China through Kashgar and Sost to Islamabad, Lahore and even Karachi
About Kerry Logistics Network Limited (Stock Code 0636.HK)
Logistics is an Asia-based, global 3PL with the strongest network in Asia. Its
core competency is providing highly customised solutions to multinational
corporations and international brands to enhance their supply chain efficiency,
reduce overall costs and improve response time to market. Kerry Logistics has a
network covering 53 countries and territories, and is managing 53 million sq ft
of land and logistics facilities worldwide, providing customers with high
reliability and flexibility to support their expansion and long-term growth.
Kerry Logistics Network Limited is listed on the Main Board of the Hong Kong
Stock Exchange and is a selected Member of the Hang Seng Corporate
Sustainability Index Series 2017-2018.