DHL opens Cambodia forwarding operations

DHL opens Cambodia forwarding operations    DHL Global Forwarding said Monday it has opened a new office in Phnom Penh, the capital of Cambodia.
   The new office will serve as a DHL Fashion and Apparel Center of Excellence to support the textile and garments industry in Cambodia. The company said it would also bolster DHL's services to customers in the oil and energy sector.
   'We are very optimistic about the country's growth potential — gross domestic product growth stands at 5.5 percent in 2010, higher than the forecast of 4.9 percent by the World Bank,' said Amadou Diallo, chief executive officer of Africa and South Asia Pacific for DHL Global Forwarding. 'We believe that 2011 will be an even better year for Cambodia now that economic recovery is well underway.'
   The fashion and apparel center will be DHL's seventh in Asia, after Bangladesh, Hong Kong, India, Pakistan, Sri Lanka and Vietnam.
   'The fashion and apparel industry remains as one of our core focus areas and Cambodia is an increasingly important part of our global fashion and apparel aspirations,' said Huykieu Khau, managing director of DHL Logistics (Cambodia) Ltd. 'In the initial 11 months of 2010, garments and textiles contributed nearly $2.8 billion to Cambodia, which is a 20.2 percent increase from the same period last year. Moreover, EU tax exemptions for Cambodia mean export growth is likely to continue to rise.'