DHL makes $35 million investment in Hong Kong
DHL will invest $35 million in Hong Kong, including building a new facility in South Kowloon to increase its ground handling capacity in the country by about 20 percent.
The Kowloon South Service Centre is scheduled to open by the second quarter and will raise DHL’s ground handling capacity in Hong Kong to 45,500 shipments per day, complimenting the company’s two existing ground handling facilities.
DHL is also in the process of relocating all of its Hong Kong staff, currently operating out of two offices, to a new centralized office by the fourth quarter.
“DHL Express Hong Kong ended 2006 with double-digit growth, clearly benefiting from the strength of China’s growth and the dynamism of other economies in the region,” said Scott Price, DHL Express’ chief executive officer for the Asia Pacific.
“The investment program brings us close to $1 billion in our commitment to the Greater China area to position us for the opportunities which abound in this region,” he added.
The latest investment program lifts DHL’s total investment in Hong Kong to $645 million. DHL has already committed $210 million to expanding its Central Asia SuperHub at the Hong Kong International Airport, with work due to be completed in the second half of this year. When fully operational in 2008 the expanded hub is projected to have its capacity lifted to about 40 million air shipments per year.
Also, the company has invested $400 million in Air Hong Kong, a joint venture with Cathay Pacific, which feeds cargo from around Asia Pacific into Hong Kong for consolidation and transit purposes, and some service centers and office facilities.
DHL makes $35 million investment in Hong Kong
