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FINANCIAL NEWS
UAE’s Aramex, Thailand’s LGL sign agreement
18 Nov 2014
(MENAFN) Aramex, the leading global logistics and transportation solutions provider, announced it has signed a joint venture agreement with Leo Global Logistics, a logistics service provider in Thailand, Gulf Daily News reported.
The joint venture, which is part of the company’s expansion strategy, will support the newly-launched Aramex Thailand in strengthening the company’s Asia-Pacific buisness, due to its help in facilitating smooth cross border movement across the region with the help of the company’s already existing operations in Singapore, Malaysia, Indonesia, Hong Kong, China and Australia.
Leo Global Logistics, which is one of Thailand’s foremost logistics firms, offers a wide range of worldwide services including air, sea and land freight forwarding as well as door to door small parcel delivery, and under the joint venture agreement the company is expected to provide Aramex with important import and export logistics capabilities in Thailand and Southeast Asia.
“I am delighted to announce this joint venture in Thailand, which sets the stage for Aramex Thailand to play a key role in continuing our expansion into the Asia Pacific market and to benefit from our established global network. The performances of our operations throughout Asia-Pacific this year have been very encouraging overall,” Aramex chief executive said.
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