Release Date: 25 May 2010
Release ID: 4735
Singapore, 25 May 2010 – DHL, the world’s leading logistics company, is bolstering its focus on the growing chemical market, valued at a sizeable 1,644 billion euros in 2008 globally. In anticipation of further growth in 2010, the company today announced the appointment of Dr. David M.J. Foo as the new Director of Business Development for DHL Global Forwarding’s chemicals business in the South Asia Pacific region.
DHL’s focus on the chemical sector, which encompasses the chemical, petrochemical, polymer, biofuels, life sciences and pharmaceutical fields, is timely as the market in Asia Pacific alone is estimated to be growing at 6 per cent per annum. The industry produces over 70,000 product lines for nearly every industry – from food and beverage, paints, cosmetics, to industrial and agricultural goods – a testament to the sizeable market and huge revenue potential.
Amadou Diallo, Chief Executive Officer, DHL Global Forwarding, South Asia Pacific, said, “The chemical industry has grown significantly over the years, with an increased demand for chemical solutions logistics. In a market that’s already worth more than 3 billion euros in the Asia Pacific, customers are looking to their logistics provider for a one-stop solution and the chemicals sector presents key growth opportunities for DHL.”
As the global leader in air and ocean freight, DHL is strengthening its chemical solutions capabilities to meet anticipated industry growth and the increasingly sophisticated needs of customers in Asia Pacific. To enhance its market-leading position in this sector, DHL Global Forwarding is strengthening its handling capabilities via a three-pronged strategy: to build capabilities, be a leader within the global chemicals space and boost its market share within the local chemicals segment.
Within Asia Pacific, DHL’s end-to-end logistics capabilities cover the complete chemical solutions supply chain from Lead Logistics Provider (LLP) to packaging, drumming and sample, and other special services such as oil and gas upstream solutions.
Reporting to Nick Revell, Business Development Director for Life Sciences and Chemicals, David will be responsible for developing the company’s growth plans as well as its chemical business network.
Nick Revell said, “To capitalize on the growth potential, DHL’s plans to strengthen our presence within this sector are already well underway. These include investing in resources such as Chemical Specialists and warehousing facilities to hold chemicals requiring more careful handling, investments which David will oversee and drive forward while also identifying potential areas for future growth. He will also focus on extending our relationships with major customers in the US and Europe to the South Asia Pacific region, especially to target markets like India, Indonesia, Malaysia and Thailand.”
David has had a distinguished career in the chemical industry. Prior to this appointment, David served as a Business Unit Manager of an international Life Science and High Tech company which produced a broad range of biochemicals, organic and inorganic chemicals and related products. David holds a PhD in Chemistry from the University of Idaho and an Executive Master of Science degree in Finance from Baruch College, City University of New York, USA.
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