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HONG KONG, May 8, 2018 - (Media OutReach) - Kerry Logistics Network Limited ('Kerry Logistics'; Stock Code 0636.HK) today announced the strategic cooperation with D&G Technology Holding Company Limited ('D&G Technology'), a Hong Kong listed company, through an investment in its wholly-owned subsidiary Topp Financial Leasing (Shanghai) Co., Ltd ('Topp Financial Leasing'). The cooperation serves as a first step for the two parties to further explore collaboration opportunities under the Belt and Road initiative.
D&G Technology is principally engaged in the manufacturing, distribution, research and development, and leasing of asphalt mixing plants and the provision of road construction support services, mainly to China, Australia, Russia, South and Southeast Asia, the Middle East, and a number of countries in Africa. Through the alliance, Kerry Logistics expects to generate significant business synergy by providing logistics services to D&G Technology in the delivery of products to customers along the Belt and Road trade routes, and enhance the development of its operations in the region.
Edwardo Erni, Executive Director and Managing Director - China & North Asia of Kerry Logistics, said, "The strategic cooperation is part of Kerry Logistics' global development strategy to tap into the growth opportunities brought forth by the Belt and Road initiative. The new venture allows us to support D&G Technology in the service of its customers in the Belt and Road countries. We have been expanding our business across Central Asia and countries in the Commonwealth of Independent States in recent years and believe this collaboration can bring in new business and customers in the region."
D&G Technology's subsidiary, Topp Financial Leasing, is primarily engaged in the business of finance leasing of asphalt mixing plants and road construction equipment to D&G Technology's customers in China.
Currently, Kerry Logistics is moving 200-300 TEUs per week through its twice-weekly block train service from China's Lanzhou to Central Asia's Kazakhstan and Uzbekistan, via the Alashankoy or Khorgos gateway. The company is also running a weekly rail freight service from Yinchuan to Kazakhstan and Uzbekistan, handling approximately 100 TEUs per week. Kerry Logistics will continue to explore and capture opportunities arising from the Belt and Road initiative.
About Kerry Logistics Network Limited (Stock Code 0636.HK)
Kerry 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. It currently has more than 1,000 service points in 51 countries and territories, and is managing 52 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.
About D&G Technology Holding Company Limited (Stock Code 1301.HK)
Listed on the Main Board of the Hong Kong Stock Exchange, D&G Technology Holding Company Limited is principally engaged in the manufacturing, distribution, research and development, and leasing, of asphalt mixing plants and the provision of road construction support services, mainly to China, Australia, Russia, South and Southeast Asia, the Middle East, and some countries in Africa.
About Topp Financial Leasing (Shanghai) Co., Ltd
Established in 2016 in the China (Shanghai) Pilot Free Trade Zone, Topp Financial Leasing (Shanghai) Co., Ltd is primarily engaged in the business of finance leasing of asphalt mixing plants and road construction equipment.
For media enquiries please contact:
Prudence Lai / Ivan Kau / Karen Chu
Cornerstones Communications Ltd.
T 852 2903 9291 / 2903 9285 / 2903 9213
M 852 9465 3856 / 9804 2385 / 6171 3530
E kerrylogistics@cornerstonescom.com
Topic: Press release summary
Source: Kerry Logistics Network Limited
https://www.acnnewswire.com
From the Asia Corporate News Network
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