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China Railway Import and Export Company and Kerry Logistics (China) Sign Strategic Cooperation Agreement

Kerry Logistics Network Limited
2015-04-20 15:31 3250

BEIJING, April 20, 2015 /PRNewswire/ -- China Railway Import and Export Company ("China Railway") and Kerry Logistics (China) Investment Limited ("Kerry Logistics (China)"), a subsidiary of Kerry Logistics Network Limited ("Kerry Logistics", stock code 636.HK) announced it had signed a strategic cooperation agreement at a ceremony held on 3 April 2015 in Beijing. The agreement will leverage China Railway's extensive railway network and experience in undertaking key domestic and international projects, and effectively integrate Kerry Logistics' strong network in Southeast Asia and logistics service expertise. The strategic cooperation follows the national "Going Out" development strategy, for China's large-scale enterprises to take full advantage of the new growth opportunities brought on by the "One Belt One Road" initiative.

General Manager of China Railway Mr HUO Hongguang and President of Kerry Logistics (China) Mr Edwardo ERNI shared the same view that the move is an important measure taken under the new national strategy for both companies to strengthen their capabilities and further developments. In the future, to realise the potential of the "One Belt One Road" strategy, both sides will work together closely for the long-term growth and development of their businesses. They will jointly explore new growth opportunities by broadening their strategic partnership, in an effort to contribute to China's growth and advancement on the global stage.

About China Railway Import and Export Company

China Railway Import and Export Company was incorporated in 1988, under the approval of the former Ministry of Railways and the former Ministry of Foreign Trade and through investments in railways, it was established as a strong state-owned foreign trade enterprise. Since its inception, leveraging its railway network, China Railway mainly focuses on foreign trade in an effort to build its own brand. It has successfully operated numerous international key projects including railway operations and maintenance in Saudi Arabia, as well as import of railroad parts to United States, Germany and France.

About Kerry Logistics Network Limited (Stock Code 636.HK)

Kerry Logistics is a leading logistics service provider in Asia with extensive operations across Greater China and other countries in the region. It is principally engaged in the integrated logistics and international freight forwarding businesses and currently has more than 550 office locations in 39 countries and territories. By managing 45 million sq. ft. of logistics facilities, it provides customers with reliability and flexibility to support their expansion and long-term growth. Kerry Logistics Network Limited is listed on the Hong Kong Stock Exchange.

Source: Kerry Logistics Network Limited
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