Pressing ahead with the joint venture with a Chinese partner
(Frankfurt/Essen/Shenyang, 15 September 2014) DB Schenker is planning a new logistics center for the automobile industry in China. Together with a Chinese partner, DB Schenker is pushing ahead with the creation of a joint venture for logistics services in Shenyang, northeastern China. The project is to invest a total of more than 20 million euros.
A 45,000-square-meter logistics center is planned, which will distribute spare parts and supply local car production. Construction is due to start in 2015. The project remains subject to approval from the authorities.
Shenyang is a major focus for foreign and Chinese investment and one of the largest centers of the Chinese automobile industry. DB Schenker has been working in the city since 2003. Some 25 employees offer the full spectrum of freight forwarding services. They have also acquired special expertise in logistics services for the automobile industry, including supplying production lines. For example, DB Schenker packs car parts in a large logistics center in Leipzig and sends these to China, where a major automobile manufacturer uses them in its production processes.
“This joint venture is a further important step on the way to expanding our leading position in contract logistics in China too,” said Dr. Thomas C. Lieb, Chairman of the Management Board of Schenker AG. “It is part of our strategy to have a clear presence in the Chinese growth regions and provide top-quality logistics services for our customers all around the world.”
SOURCE: DB Mobility Logistics AG