DHL Supply Chain to invest €70m to grow regional presence in Asia

0
214

DHL Supply Chain is to invest more than €70 million ($82.6 million) growing its regional footprint in Thailand, Vietnam, Cambodia and Myanmar by 2020.

It will build new facilities, expand its truck fleet and invest in new technology, which is expected to create an additional 5,000 jobs over the next three years across the four countries.

The company became the first and only logistics company to acquire an operational business licence in Myanmar last month and is already in a strong position in Thailand and Vietnam, and will be concentrating on growth in Cambodia.

DHL Supply Chain chief executive officer, John Gilbert says: “Asia-Pacific is one the most important regions for DHL Supply Chain being accountable for a significant share of our revenues in 2016.”

“Consumer, retail and tech industries drive these developments becoming evident in increased amounts of new and extended contracts. Being already the market leader for the region it is fully natural for us to foster our commitment in the region and remaining a reliable partner.”

DHL says its investment will serve the wider needs of Thailand as it is expected to return to accelerated growth with government plans for mega projects including airport expansion.

DHL Supply Chain Thailand chief executive officer, Kevin Burrell says: “With the technology and innovation that we invest in warehouse and transport operations in Thailand, coupled with our ability to deliver integrated solutions for customers, we are striving to drive enhanced value, which in turn acts as a strong differentiator for us in the market.”

DHL Supply Chain Thailand has completed a move to a new premises located in Bangkok’s business area, and its Thai network comprises of 650,000 square metres of warehouse space across more than 70 facilities supported by 10,000 employees.