Agency / Source: Spark Communications Thailand

Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

TNT and Cosco Enter Strategic Partnership - Jointly develop China and Asia Pacific logistic business
TNT and Cosco Enter Strategic Partnership


PRZOOM - /newswire/ - Bangkok, Thailand, 2005/11/23 - Jointly develop China and Asia Pacific logistic business .

Your Banner Ad Here instead - Showing along with ALL Articles covering Moving/Storage/Logistics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


Cosco Group, the world's second largest and China's largest shipping company, together with TNT, a world leading global mail, express and logistics company, unveil a strategic partnership, with the formation of a Joint Venture (JV). The announcement is made jointly by Captain Wei Jiafu, President of Cosco Group and Mr Peter Bakker, CEO of TNT. The partnership will enable Cosco to further penetrate into the Asia Pacific logistics market, and it will enable TNT to expand its presence in China as well as its China-linked logistics business. As a first step in this strategic partnership, both industry leaders today signed the Letter of Intent for the establishment of a logistics JV. The JV aims at becoming the world's recognised leader in supply chain management in the Asia Pacific region. The combined strengths of both companies will create more comprehensive service offerings and geographical coverage to customers.

The new 50/50 JV is expected to be operational in 2006. The activities that will be injected into the JV initially are Cosco's home appliance logistics business in China and TNT's Pallecon Logistics business in Australia. The combined warehouse space will be approximately 1 million square metres and the number of employees around 1,000. The near term objectives are to develop the home appliance logistics business and to introduce the Pallecon business into China. The JV is also aimed at the continued growth of Pallecon and the active development of China linked logistics in Australia.

The new JV combines the strengths of Cosco's home appliance market knowledge, customer base and nationwide network with TNT's global network, Best-in-Class IT platforms and value-added logistics know-how to offer customers with simplified, seamless, end-to-end supply chain solutions.

Peter Bakker CEO of TNT: "This partnership with Cosco is an important and significant step for our China strategy. The marriage of our know-how and global position in logistics to Cosco's shipping strength and Cosco logistics' China leadership is an excellent match that has potential to grow rapidly and become industry leader for China domestic business and China linked services in the world.

Wei Jiafu, President of Cosco Group, emphasized that Cosco Group has decided to enter into this strategic alliance with TNT, one of the leading global 500 companies, with a view to fully leverage TNT's technologies and advanced management, and Cosco's network, client base, and China market's experience in order to achieve maximum mutual benefits and effectively strengthen each other's market influence in China and the Asia-Pacific region. This is a partnership between two powerful players, embodying a significant move in Cosco's overseas expansion as an important component of Cosco's "strategic transformation from a global shipping carrier into a global logistics player." Founded on genuine goodwill and mutual support by both parties, this JV is bound to have a bright future.

Notes to editors

Aboout TNT N.V.
TNT N.V. is a global provider of mail, express and logistics services. The group employs over 161,000 people in 63 countries and serves over 200 countries. For 2004 the company reported sales of €12.6 billion. TNT N.V. is publicly listed on the stock exchanges of Amsterdam, New York, London and Frankfurt.

Your Banner Ad Here instead - Showing along with ALL Articles covering Moving/Storage/Logistics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


Agency / Source: Spark Communications Thailand


Availability: All Regions (Including Int'l)


Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker


Distribution / Indexing: [+]

# # #
  Your Banner Ad showing on ALL
Moving/Storage/Logistics articles,
CATCH Visitors via Your Competitors Announcements!

TNT and Cosco Enter Strategic Partnership

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
Contact: Nick Jonsson - 
+66 1-9090522
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Spark Communications Thailand securities in any jurisdiction including any other companies listed or named in this release.

Moving/Storage/Logistics via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Read Latest Press Releases From Spark Communications Thailand / Company Profile

Read Moving/Storage/Logistics Most Recent Related Press Releases:

Blockchain, Data Analytics and Artificial Intelligence Disrupt Freight Cost Management Sector in Europe Finds Frost & Sullivan
Air France-KLM and Kuehne + Nagel Create First Direct System-to-system Connection in The Industry
Kuehne + Nagel Further Continues Expansion of its Global Perishables Network
Voith to Present Digitally Enhanced CargoFlex Automatic Coupler for Rail Freight Services At Transport Logistic 2019
Development of Economic and Industrial Cities Expected to Support Industry Growth Finds Frost & Sullivan
Kuehne + Nagel Opens Global Distribution Centre in Slovenia - Expanding KN PharmaChain
Kuehne + Nagel Introduces MyKN - Single Point of Access for Customers
Smurfit Kappa to Expand its Southeast European Footprint with the Acquisition of the Largest Integrated Packaging Business in Serbia
Kuehne + Nagel Expands its Regional Network in Central Asia and in the Caucasus
Kuehne + Nagel Further Strengthens its Globally Leading Position in Perishables Logistics

Boost Your Social Network
& Crowdfunding Campaigns

NewswireToday Celebrates 10 Years in Business



Visit  La Bella Bakery Artisan Bakery Arizona


  ©2020 PRZOOM - Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution freenewswiredistribution asianewstoday bizwiretoday USA pr UK today