Kerry Logistics Network 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, as a spin-off of Kerry Properties Limited.
Kerry Logistics Network is headquartered in Hong Kong. As of 2016, they managed 46m sq.ft. of logistics facilities (24m sq.ft. self-owned) globally, with a fleet of 8,100+ self-owned vehicles and over 700 service locations.
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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, a 1.4m sq.ft. multi-story combined logistics facility and global HQ office.
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 2016, Kerry Logistics owned 12 logistics facilities in Hong Kong with a total GFA of 6.3m sq.ft.
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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, a Chinese state-owned enterprise, was one of the leading domestic freight and warehousing entities in China at the time.
As of the end of 2016, KEAS managed approximately 5 million sq.ft. of self-owned logistics facilities and approximately 8 million sq.ft. of leased logistics facilities in China. The revenue in Mainland China was HKD $8bn, or about 38% of the total group revenue.
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 the end of 2016, KLN held a total equity interest of approximately 49.67% 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.
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.
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.
Indev Logistics, India
On April 13, 2016 Kerry Logistics announced the acquisition of a 50% stake in 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. Once this investment plan takes 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.
See also
- Kerry Properties Limited
References
External links
- Kerry Logistics Network
Source of the article : Wikipedia
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