Ïã½¶ÊÓÆµ Announces Acquisition of Stake in Ïã½¶ÊÓÆµ LOGISTICS (CHINA) CO., LTD. by Ïã½¶ÊÓÆµ LOGISTICS CORP.
April 17, 2012
Ïã½¶ÊÓÆµ (headquartered in Minato-ku, Tokyo; Masahiro Okafuji, President & CEO; hereinafter ¡°Ïã½¶ÊÓÆµ¡±) announced today that Ïã½¶ÊÓÆµ LOGISTICS CORP. (headquartered in Minato-ku, Tokyo; Kazuhide Sasa, President & CEO; hereinafter ¡°Ïã½¶ÊÓÆµ LOGISTICS¡±), the core international logistics company of Ïã½¶ÊÓÆµ, has taken a stake in Ïã½¶ÊÓÆµ LOGISTICS (CHINA) CO., LTD. (headquartered in Beijing; °×ËÉ„‚, Chairman; hereinafter ¡°ILC¡±), a wholly owned subsidiary of Ïã½¶ÊÓÆµ, as part of its efforts to develop and strengthen its businesses across the particularly fast-growing Asian region.
ILC is a general third-party logistics (3PL) business company in China belonging to the Ïã½¶ÊÓÆµ Group and provides logistics services not only to Japanese companies but also to large foreign and Chinese companies in China¡¯s growing domestic market.
The Ïã½¶ÊÓÆµ Group has been rapidly promoting reinforcement of the domestic logistics business in ASEAN and India since 2011 through means such as capital alliances and M&A, with Ïã½¶ÊÓÆµ LOGISTICS as the central player. This is to bolster its logistics networks in the Asian region given the rapidly expanding domestic consumer market in Asian countries, including China.
Ïã½¶ÊÓÆµ will provide an Asian supply chain by connecting the international logistics network of Ïã½¶ÊÓÆµ LOGISTICS with its domestic logistics networks in China and other Asian countries based on the investment of Ïã½¶ÊÓÆµ LOGISTICS in ILC, a 3PL business company in China. Also in China, Ïã½¶ÊÓÆµ will promote its efforts in new logistics fields such as non-store retailing, pharmaceuticals and health foods, and cold chain in logistics, using the expertise and custom base of Ïã½¶ÊÓÆµ LOGISTICS in Japan. Ïã½¶ÊÓÆµ LOGISTICS also plans to operate a domestic logistics business in Indonesia within fiscal 2012 to aggressively promote the continued strengthening of logistics in Asia.
Strengths as a trading company-affiliated logistics company
The Ïã½¶ÊÓÆµ Group, which provides international transport services including cross-transporting all over the world, making tremendous use of its global logistics network with over 400 bases worldwide, is able to provide door-to-door services by connecting its group networks in China (95 bases) and India (230 bases) with the domestic market in Asian countries. The Ïã½¶ÊÓÆµ Group will also provide its customers with an ideally suited business model and supply chain as a trading company-affiliated logistics company by packaging the information capability and networks of a trading company with comprehensive knowledge of customers¡¯ businesses (commercial distribution), in addition to providing logistics operation services. From here forward, Ïã½¶ÊÓÆµ will pursue a new business model that integrates commercial distribution with physical distribution, especially in the Asia region.
Company profile of Ïã½¶ÊÓÆµ LOGISTICS (CHINA) CO., LTD.
Company Name | Ïã½¶ÊÓÆµ LOGISTICS (CHINA) CO., LTD. |
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Representative | Shoko Haku, Chairman |
Head Office | 318 Zhangjiadian, Shibalidian, Chaoyang District Beijing, China |
Established | 1994 |
Business | General 3PL business, logistics center management business |
Number of Employees | 1,450 (as of the end of March 2012) |
Company profile of Ïã½¶ÊÓÆµ LOGISTICS CORP.
Company Name | Ïã½¶ÊÓÆµ LOGISTICS CORP. |
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Representative | Kazuhide Sasa |
Head Office | 3-3-3 Akasaka, Minato-ku, Tokyo, Japan |
Established | 1961 |
Business | General logistics business (3PL, warehousing, freight forwarding, international air freight forwarding, custom-house business, NVOCC) |
Number of Employees | 1,066 (as of the end of January 2012) |