Contract Logistics

Kuehne + Nagel form Joint Venture with Sincero of China

Kuehne + Nagel form Joint Venture with Sincero of China
Logistics Manager

Switzerland-based global transport and logistics company, Kuehne + Nagel has recently announced a new partnership with the Chinese automotive logistics group, Sincero. Under the new agreement, both companies will offer nation-wide operation coverage and invest in a joint venture with a key focus on contract logistics for the automotive industry. The majority share of the new joint venture will be held by Kuehne + Nagel.

Member of the Managing Board of Kuehne + Nagel International AG, Gianfranco Sgro who is responsible for Contract Logistics, had this to say about the new partnership, “Contract logistics for the automotive industry is a strategic focus area for Kuehne + Nagel globally and especially in China, the biggest automotive market. The joint venture confirms Kuehne + Nagel’s position as a leading international provider of automotive logistics in China. Following the recent launch of our digital platform for e-fulfilment center’s in China this investment further strengthens our presence in Asia.“

Over the past few years, Kuehne + Nagel has been developing and growing their automotive footprint in China through organically expanding partnerships with premium brands from Europe. With this new joint venture, they will further grow their footprint by nearly 70% providing services to major Chinese brands and Tier 1 suppliers.

Chairman of the Board for Sincero, Jiang Jun said, “Establishing the joint venture with Kuehne + Nagel is a strategic move to comply with the irreversible globalization trend of economics and competitive landscape of the automotive logistics industry, thereby to complement each other’s strength in the global network and local expertise.”

Both companies agreed not to disclose any financial details about the partnership.

More in Contract Logistics

DHL Supply Chain Continues to Deliver Proactive Solutions

DHL Supply Chain Continues to Deliver Proactive Solutions

Logistics ManagerSeptember 24, 2018
SEKO Logistics Appoint New CFO to Drive Global Growth

SEKO Logistics Appoint New CFO to Drive Global Growth

Logistics ManagerSeptember 4, 2018
Hansa Heavy Lift Transports Giant Carousel and Spools to Nigeria

Hansa Heavy Lift Transports Giant Carousel and Spools to Nigeria

Logistics ManagerSeptember 3, 2018
Fresher Eggs in Thailand Thanks to DHL eCommerce

Fresher Eggs in Thailand Thanks to DHL eCommerce

Logistics ManagerAugust 30, 2018
Scott Phillips Appointed as New President of Hiab

Scott Phillips Appointed as New President of Hiab

Logistics ManagerAugust 29, 2018
DB Schenker Launches Connect 4 Land Digital Platform

DB Schenker Launches Connect 4 Land Digital Platform

Logistics ManagerAugust 27, 2018
The Rhenus Group Launch Operations in New Zealand

The Rhenus Group Launch Operations in New Zealand

Logistics ManagerAugust 23, 2018
Trans Global Projects Open New Offices in China

Trans Global Projects Open New Offices in China

Logistics ManagerAugust 20, 2018
Siemens Gamesa to Supply Norway Wind Park with Wind Turbines

Siemens Gamesa to Supply Norway Wind Park with Wind Turbines

Logistics ManagerAugust 17, 2018
LM is the leading source of logistics and cargo news within ASEAN and is regarded as one of the most authoritative sources of information. Our subscribers keep up to date with the latest logistics news, views, features and events within ASEAN and beyond.
AFL Real Logo

Airfreight Logistics is the air cargo professional’s number one provider of news and information in ASEAN and around the World. To keep abreast of all the latest news and for in-depth features visit our website www.airfreight-logistics.com

UpMedio

Subscribe to our newsletter!

© 2015 Logistics Manager | About Us | Advertise | Subscribe | Contact | thai Thai Version