Militzer & Munch reports continued strong growth in China
Swiss logistics company Militzer & Munch International Holding AG expects to have total turnover of $25 million this year, up 20 percent, after four years of growth averaging about 23 percent, reports the newspaper China Daily.
The paper said officials from M&M said the growth is being caused by business development in the Tianjin region where the firm recently opened a 20,000-square-meter logistics center with its local partner Tianbao Logistics in the free trade zone. M&M expects the building, now about a third occupied, to be 80 percent leased by the end of
2007.