Release Date: 02 October 2006
Release ID: 942
BALtrans Holdings Limited (“BALtrans” or “the Company”; HKEx: 562), a leading freight forwarding and logistics group in Asia Pacific, have recently signed a Master Licensee Sales and Services Agreement with Premier Logistics Group (PLG), one of the largest logistics companies in Oman.
The agreement gives PLG the exclusive franchise rights of all BALtrans Group logistics products and freight forwarding services for the entire Middle East region including Oman, Kingdom of Saudi Arabia, Qatar, Bahrain, Kuwait, Iraq, Iran, Jordan, Syria, Lebanon, Yemen and Egypt.
Combining the local contacts and network of PLG and the international network and experience of BALtrans, this partnership promises total logistics solutions to Middle East customers.
Mr. Anthony Lau, Executive Chairman of BALtrans, said, “The partnership represents the strengthening of economic and business relationship between the Middle East and Asia, which already have solid trade ties.”
"We selected PLG to be our partner after carefully reviewing all options in the Middle East and Northern Africa for its wealth of experience in the industry and in serving the region. We believe it will bring the most value to the network and our customers, both internationally and locally.” Mr. Lau continued.
PLG is one of the largest total logistics solution providers in the Sultanate of Oman and surrounding region. It started operations as TruckOman LLC in 1978. Today, it provides services including specialist logistics, primary distribution, general cargo haulage, cargo consolidation, rig moving and support, well test unit moves, equipment and plant hire, material handling, clearing and forwarding, warehousing and heavy lift. It has an extensive network throughout the Arabian Gulf region, and subsidiaries in the UAE and the Kingdom of Saudi Arabia.
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