Hong Kong-based Kerry Logistics is actively targeting mergers and acquisitions in a bid to expand its presence in mainland China.
Kenneth Ko, the firm’s Executive Director of international freight forwarding, told IFW that the operator already had around 700 operating licences, 300 customs brokers in major ports and an inland distribution network supported by a fleet of 2,000 self-owned and customs-supervised vehicles.
But he added: “On top of organic growth, we are actively looking for M&A opportunities to expand our business and network coverage.”
Kerry has recently opened two new logistics centres, in Chongqing and Kunshan.
Edwardo Erni, Kerry’s MD for Mainland China, said the facilities would enhance the company’s footprint in the country, which already includes 130 offices and logistics centres.
“[This] continues our strategy of expanding our presence in emerging and second-tier cities across the country,” he added.
The first phase of the Chongqing Kerry Logistics Centre has an area of 20,500sq metres and is close to a hub with connections to regional airports, ports, rail and the business district.
Kerry said the new facility would help it target the hi-tech, fashion, automotive and pharmaceutical industries now locating to the area.
The Kunshan Centre is an 18,800sq metre facility, 45km from downtown Shanghai and similar distance from Suzhou.
The centres will offer a full range of storage and value-added services including VMI, pick-and-pack, reverse logistics, labelling, packing, JIT services and regional distribution.