Post chief sees huge opportunities in china

Post chief sees huge opportunities in china

The share of the asia-pacific region in deutsche post DHL’s business will increase from one-fifth to one-third in the next five years, appel said at a press conference in shanghai on wednesday. With an investment of 175 million U.S. Dollars, the world’s largest logistics group will open its major hub in asia on thursday at the port metropolis’ pudong international airport to further expand its strong presence.

As the most important market, china already accounts for ten percent of DHL’s business today. The new hub in shanghai will be the world’s third-largest hub in terms of capacity after cincinnati in the u.S. And leipzig – twice as big as the previous number three in hong kong. DHL plans to invest another 400 million euros in china over the next few years and further expand its market share. "Despite some difficulties in economic development, there is no doubt that asia will continue to grow quite strongly," said appel.

The outlook for china is very good. The economy of the second largest economy in the world is growing very strongly. DHL also has an excellent market position as the leading logistics provider. "Over the last three decades, we have built a unique platform in the asian markets and laid the foundation for the sustainable success of our DHL divisions," said appel. "We are excellently positioned to grow profitably in the long term throughout the region."

For the first time, the head of the post office also transferred the executive board and top management from bonn to shanghai for three weeks in order to get to know the chinese market even better through personal experience. China will remain the growth engine for the regional and global economy in the future, appel said with conviction. "Logistics plays a key role in the dynamic development of the chinese economy."

At 4.2 billion euros, china accounts for more than half of deutsche post DHL’s total asian revenue.

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