JG Summit, DHL ink logistics venture
Gokongwei group-led conglomerate JG Summit Holdings is diversifying into the logistics business in partnership with global logistics giant Deutsche Post Beteiligungen Holding GMBH (DHL).
JG Summit, DHL and ACCRAIN Holdings Corp. entered into a joint venture to create DHL Supply Solutions Inc., which will provide what the proponents pitched to be the “best-in-class” transport and distribution solutions for Philippine-based and international businesses.
“The Philippines economy is expected to grow by 6 percent year-on-year and businesses will need to invest in world-class logistics and warehousing services to stay ahead of the competition,” said Lance Gokongwei, president and chief executive officer of JG Summit.
“With our diverse business portfolios and local networks, we are committed to help homegrown and international companies in the Philippines achieve their next phase of growth. Working with DHL is the ideal move for us, as we leverage their global footprint and tap onto their expert knowledge to provide integrated industry-leading services.”
Terry Ryan, CEO at DHL Supply Chain, Asia Pacific said: “We are seeing greater investment by the government on enhancing infrastructure such as setting up integrated logistics and industrial parks, and customers can count on our expertise in this aspect to serve their needs. Our global network and local expertise puts us in good stead as the most reliable logistics partner they need, to fully capitalize on the market opportunities.”
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