Kerry Logistics forms joint venture with Correos
Kerry Logistics is set to capitalise on the growing potential of China’s e-commerce exports by joining forces with Spain’s national postal service Sociedad Estatal de Correos y Telégrafos (Correos) to establish a joint venture to provide end-to-end cross-border e-commerce solutions from China to worldwide destinations, in which Kerry Logistics holds a majority interest.
To meet an increasing demand for e-commerce parcel security and compliance, a world-class sorting centre will be set up in Southern China under the new JV, equipped with an automated sorting system and stringent parcel screening and security controls to ensure speedy parcel handling and full compliance.
The facility, which the companies plan to open in Q4/2019, will occupy an area of over 18,500 sqm and have a sorting capacity of 500,000 parcels per day. (mw)