On March 24, 2011, the Tianjin Economic-Technological Development Area (TEDA) Administrative Commission inked an investment memorandum with Globe Express Services to build a hazardous cargo warehouse in the Nangang Industrial Zone. The planned 50,000-square-meter project with an investment of US$16 million will provide services for PPG, upstream/downstream providers and other chemical consumers.
The new and fully automatic warehouse is based on state-of-the-art logistics technologies, including the advanced product coding system, radio frequency identification (RFID), in-warehouse visibility technology and global positioning system (GPS).
Founded in 1974, Charlotte, N.C.-based Globe Express Services (Overseas Group) (GES) is a leading global third-party logistics (3PL) provider engaged in general and special logistics services. Through the merger with Overseas Group in March 2010, GES becomes one of the world’s Top 100 logistics companies. GES has 42 offices in 19 countries throughout the world with 8 subsidiaries and 2 offices in mainland China. For 2010, the company realized sales of US$500 million.