Kerry Logistics Network

Kerry Logistics Network (KLN)
嘉里物流有限公司
Listed company
Industry Logistics
Founded 1981
Headquarters Hong Kong Island, Hong Kong
Area served
 Hong Kong
China
Asia
Europe
(39 countries and territories as of 2014)
Key people
 Chairman: Mr. George Yeo
Services 3PL, warehousing, supply chain
Revenue USD $2.6bn (2013) [1]
Number of employees
 20,000
Divisions International Freight Forwarding;
Integrated Logistics (warehousing, domestic freight management);
Supply Chain Solutions
Website Kerry Logistics Network

Kerry Logistics Network (SEHK: 636) is a listed company engaged in third party logistics, freight services, warehouse operations, and supply chain solutions. It was listed on Dec. 19, 2013, raising over USD $280m,[2] as a spin-off of Kerry Properties Limited.

Kerry Logistics Network is headquartered in Hong Kong. As of 2013, they managed 42m sq.ft. of logistics facilities (both self-owned and leased) globally.[3]

Hong Kong

Before incorporation, its first established warehouse in Hong Kong was built in 1981. By 1991, the Group had five warehouses and acquired one warehouse with an aggregate GFA of approximately 2 million sq.ft.. The company was established in 1991. In 1999 they opened their flagship logistics facility, Kerry Cargo Centre.

The company name was changed to “Kerry Logistics Network Limited” in 2000, the same year they began to provide truck freight services to warehousing customers. International freight forwarding operations also began shortly after in Hong Kong through the acquisition of Kerry Freight (Hong Kong) Limited (previously named “R&B Transports Limited”).

As of 2013, Kerry Logistics Network managed approximately 6 million sq.ft. of self-owned facilities in Hong Kong.[4]

Mainland China

In 2003, in collaboration with a joint venture partner, the first logistics centre in China was developed. In 2005, the China division acquired a 70% equity interest in EAS, and the new joint entity was renamed Kerry EAS Logistics (KEAS). EAS was one of the leading domestic freight and warehousing companies in China at the time.

As of 2013, KEAS managed approximately 3 million sq.ft. of self-owned logistics facilities and approximately 6 million sq.ft. of leased logistics facilities in China.[5]

Taiwan

In 2004, KLN commenced freight forwarding operations in Taiwan. In 2008, they acquired an initial equity interest in Kerry TJ Logistics, previously named “T.Join Transportation Co.,Ltd”. As of 2013, KLN held a total equity interest of approximately 36.46% in Kerry TJ Logistics.

Kerry TJ Logistics is a major logistics service provider in Taiwan whose shares have been listed on the Taiwan Stock Exchange since 1990. It has an extensive distribution network supported by a fleet of more than 3,000 trucks.[6]

ASEAN

KLN's business in ASEAN started in 2002, with both integrated logistics and international freight forwarding operations in Thailand. In 2003, KLN completed the development of a logistics centre, with a total GFA of approximately 181,000 sq.ft., in Laem Chabang, south of Bangkok, Thailand. In 2004, KLN acquired an initial equity interest in Kerry Siam Seaport Limited (formerly "Siam Seaport Terminal & Warehouses Co., Ltd.”). As of 2013, KLN holds 79.52% interest in Kerry Siam Seaport Limited. Kerry Siam Seaport Limited operates Kerry Siam Seaport, a multi-purpose port terminal located near Laem Chabang.[7]

As of 2013, KLN managed approximately 6 million sq.ft. of completed self-owned facilities (representing an attributable GFA of approximately 4 million sq.ft.) and approximately 3 million sq.ft. of leased facilities in Thailand.

Since 2004, KLN has continued to expand into other ASEAN countries by establishing international freight offices in Singapore, Malaysia, Indonesia, Cambodia, the Philippines, Vietnam and Myanmar.

United Kingdom

KLN commenced European freight forwarding operations in the United Kingdom in 2002, by acquiring an initial equity interest in Kerry Logistics (UK) (previously named “Trident International Limited”. In 2013, KLN acquired the remaining equity interest, making Kerry Logistics (UK) a wholly owned subsidiary of KLN. [8]

Indev Logistics, India

On April, 13 2016 Kerry Logistics annouced it has acquired 50% stake Indev Logistics Pvt. Ltd. (Indev), a Chennai-based logistics company. The stake value is estimated to be around Rs 1,000 crore. By 2018, the company is also planning to list in the Indian markets.[9]

Once after this Investment plan happen effect Indev shall be rebranded as Kerry-INDEV, in line with Kerry's ambition to becoming a major pan-Indian logistics company with India focus.[10]

See also

References

  1. ↑ Kerry Logistics Fast Facts
  2. ↑ Finance Asia News
  3. ↑ Kerry Logistics Network Prospectus
  4. ↑ Kerry Logistics Network Prospectus
  5. ↑ Kerry Logistics Network Prospectus
  6. ↑ "KERRY TJ Company Introduction". www.kerrytj.com. Retrieved 2016-07-22.
  7. ↑ Bloomberg
  8. ↑ http://www.business-standard.com/article/companies/kerry-logistics-to-invests-rs-1-000-crore-in-indev-logistics-for-50-stake-116041300675_1.html
  9. ↑ http://www.business-standard.com/article/companies/kerry-logistics-to-invests-rs-1-000-crore-in-indev-logistics-for-50-stake-116041300675_1.html
  10. ↑ http://timesofindia.indiatimes.com/business/india-business/Kerry-invests-Rs-1000-crore-in-Indev-logistics/articleshow/51817581.cms

External links

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