Sunday, November 19, 2017
Last Updata : 16:20 PM
Tourism Tourism Tourism Tourism Tourism
HOME > NEWS > Shipper/Logistics ◀BACK
E-mail Corrections Print
CJ Korea Express establishes a JVC in China
Wednesday, August 03, 2016, 17:20:14 Paul Yoon ckyoon7@paran.com
CJ Korea Express has established a joint-venture company (JVC) specialized in logistics service in collaboration with TCL Group, one of China’s three major electronic players. CJ Korea Express inked a JVC agreement at a ceremony with TCL Group on Aug. 1 at Shenzhen, China to set up ‘CJ Speedex’, a JVC specialized in logistics service.

TCL Group, CJ Korea Express’ partner in the JVC, is the China’s house flag electronic player manufacturing TV, white goods and smart phones that had recorded its last year’s sales amount of 19 trillion won with its overseas revenue accounting for 47% of its total sales thanks to its outstanding overseas operation.

In particular, TCL Group is providing excellent products and service to its customers based on internet, big data and cloud computing including the manufacture of smart phones along with internet app service, and expanding into contents platform and O2O (online to offline ) business.

CJ Korea Express is expected to level up its global competitive edge in the world’s logistics markets distributing electric-electronic products, relying on the logistics JVC.

CJ Korea Express will use its TES (technology, engineering, system & solution) and consulting capacity in a move to advance TCL Group’s logistics operation in China and in the global markets so that the Group’s CL (contract logistics) business can be strengthened in China as well as expanded into overseas markets.

CJ Speedex is set to secure new logistics business specializing in electric-electronic goods and to expand Last Mile business by building O2O platform in use of its network in coordination with China-based 40 RDCs (Regional Distribution Centers) and their 40,000 sub-contractors

Fairly recently, CJ Korea Express has been actively pursuing M&A and strategic collaboration focused on China’s logistics markets. It acquired CJ Smart Cargo a heavy lifter in April, 2013, and CJ Rokin, the largest reefer logistics player in China.

CJ Speedex specialized in logistics of electric-electronic goods is expected to create synergies in collaboration with CJ Rokin of gold-chain specialized in distribution of food, pharmaceutical and chemical, and with CJ Smart Cargo strong in lifting heavy project cargoes including machinery and plant equipment.
Paul Yoon Archives  
ⓒ The maritimepress 2009 (http://eng.maritimepress.com)
All materials on this site are protected under the Korean Copyright Law and may not be reproduced, distributed, transmitted, displayed, published without the prior consent of The maritimepress.

◀BACK

▲TOP

E-mail Corrections Print
Total comments(0)  
 
   * Readers can write comments up to 200 words (Current 0 byte/Max 400byte)
Best Click
ABOUT US ADVERTISE SUBSCRIPTION CONTACT US PRIVACY POLICY TEENAGER POLICY COPY RIGHT POLICY
Mail to maritime@maritimepress.com
04542, 303 Daedong B/D, 15, Samil-daero 12-gil, Jung-gu, Seoul, Korea | TEL) +82-2-2285-5571~4 | FAX) +82-2-2285-4906
Issue date:February 4,1996 | Registration No : Seoul,Oh 03689 | Registration date: April 21,2015 | Publishers, editors, youth protection officer : Lee Chul-won
Copyright 2009 All materials on this site are protected under the Korean Copyright Law and may not be reproduced, distributed, transmitted, displayed, published without the prior consent of The maritimepress.com.