Release Date: 11 October 2006
Release ID: 1037
Reliable Freight Forwarders Pvt Ltd (RFF) has entered into a joint venture (JV) agreement with the Hong Kong based Kerry Logistics.
Kerry Logistics is a part of the KUOK Group, a conglomerate with diversified interests in logistics, property, hotels and resorts, oil and grain, media, air cargo carrier, shipping, technology, venture capital and insurance. Its famous brands include Shangri-La, South China Morning Post and Bangkok Post, Kerry Properties, PACC Line, Jerneh Insurance, Transmile, Arawana and many others.
Reliable Freight Forwarders is the Freight Forwarding arm of logistics major Indev Group of Companies
Kerry Logistics has its presence in 17 countries in Asia and Europe, providing global access with representation in over 260 cities. it has over 16 million sq. ft. of self-owned warehousing facilities in Asia.
With a network of 120 offices in China, Kerry Logistics operates a unique Pan-China distribution network, serving over 1,100 cities
Kerry Logistics is a leading third-party logistics (3PL) service provider, specialising in freight forwarding, warehousing, distribution, transportation, trading, merchandising and supply chain management, which effectively caters to the needs of sourcing, manufacturing and retailing in Asia.
Today, Kerry Logistics serves over 15,000 companies, many of which are Fortune 500 multinational corporations, covering diverse market segments such as electronics, technology, automotive, lifestyle consumer goods, chemical and medical products.
Reliable Freight Forwarders Pvt Ltd, a decade-old company with a track record that is second to none in the logistics sector, has its network spread over all important locations in India. It is well supported by the integrated logistics facilities operated by the renowned Indev Group of Companies, which provides CFS, transportation, CHA, IATA, warehousing and container repair services.
Announcing this tie-up here, a proud Managing Director of Reliable Freight Forwarders Pvt Ltd, Mr Antony Sekar, expressed happiness over the development and said he was sure that this arrangement would take the market by storm.
He added that as part of the integration efforts, team managers from both the companies had already started focusing on the global logistics requirements and efforts were on to make their presence felt in the industry which could offer tailor-made solutions for all existing and new customers.
Asked for detials on the tie-up, Mr Sekar stressed that this venture would offer a major enhancement to both companies, as India and China were witnessing profound economic activities. Moreover, it was easier for Kerry Logistics to gain a foothold in India using the market presence and operations base of RFF, while, on the other hand, Kerry Logistics could introduce RFF to the Far East markets, which offer immense inward potential.
Both companies stood to gain because of the synergies of the infrastructure and strong market presence in their respective locations.
The new company will be known by the name of Kerry Reliable Logistics Pvt Ltd in India, though in the Far East it will remain as Kerry Logistics.
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