December 10, 2004 MOL Logistics on the Move in China with Trucking
Service, TOKYO - MOL Logistics (Japan) Co., Ltd. (President: Kazuki Mori) today announced that its subsidiary, Shanghai Huajia International Freight Forwarding Co., Ltd. (Chief Executive Officer: Preston Lui) has introduced an independent bonded transport service to enhance inland transport in China. MOL Logistics has also upgraded the Qingdao representative office to a branch office, and opened a branch in Xiamen and representative offices in Dalian and Ningbo. MOL Logistics acquired a local truck transport company licensed to offer nationwide service in China, and started its own bonded truck transport service, Shanghai HuaGuo Transportation Co., Ltd. It currently operates a fleet of 10 customs-approved, GPS-equipped bonded trucks in eastern China, centered on Shanghai. These trucks provide safe, reliable, and speedy transport service. The new trucking service also allows MOL Logistics to offer independent bonded transport service utilizing its warehouse in the Shanghai Waigaoqiao Bonded Logistics Zone (WBLZ). Profile of Shanghai HuaGuo Transportation Co., Ltd.
MOL Logistics continues to expand its network in the rapidly growing Chinese market. Effective December 1, the company upgraded its Qingdao Representative Office to a branch, and at the same time opened the Xiamen Branch, Dalian Representative Office, and Ningbo Representative Office. With the opening of these offices, the MOL Logistics network in China totals 13 offices of three subsidiaries (Shanghai Huajia International Freight Forwarding Co., Ltd., MOL Logistics (WBLZ) Co., Ltd., and MOL Logistics (HK) Ltd.), two head offices and five branches (Shanghai, Hong Kong, Beijing, Qingdao, Zhagjiagang, Xiamen, and Shenzhen), and six representative offices (Dalian, Tiangin, Suzhou, Hangzhou, Ningbo, and Guangzhou). Details of the upgraded and newly opened offices are as follows: > Qingdao Branch
> Ximen Representative Office
> Dalian Representative Office
> Ningbo Representative Office
With the acquisition of this truck transport company, MOL Logistics now has all main licenses for logistics-related operations, such as freight forwarding and a first class cargo sales agent's license, in its China network. This move further strengthens and enhances air and ocean global transport, warehouse management, and the company's independent bonded transport network. MOL Logistics continues to expand and improve its network in China to fine-tune its services and more effectively meet customer needs. * For further information, please contact: |
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November 19, 2004 MOL Logistics (Japan) Subsidiary, Shanghai Huajia International Freight Forwarding Opens Zhangjiagang Branch TOKYO - MOL Logistics (Japan) Co., Ltd. (President: Kazuki Mori) today announced that its subsidiary, Shanghai Huajia International Freight Forwarding Co., Ltd. (Chief Executive Officer: Preston Lui), established a new branch in Zhangjiagang, China on September 15. The city of Zhangjiagang is taking an aggressive role in promoting economic development in the Yangzijiang Delta and surrounding areas, focusing on YangZi River International Chemical Industrial Park. Many non-Chinese companies including Japanese firms have set up operations in the area, and many more are planning to locate there. MOL Logistics (Japan) is expanding its logistics service network in Zhangjiagang with the new branch. To more effectively meet customer needs, the company plans to offer warehousing services using its 4,500m2 logistics warehouse starting in February 2005. The warehouse features a sheltered loading dock with the first floor above ground level. The entire floor is sealed and mechanically ventilated. It meets the same high standards of other MOL Logistics facilities around the world. This facility enables MOL Logistics to offer high value-added services to meet a range of customer needs. At the same time, the company will provide on-site plant operations for companies who have set up production facilities in the area. With the new Zhangjiagang branch, the MOL Logistics network in China includes three subsidiaries (Shanghai Huajia International Freight Forwarding Co., Ltd, MOL Logistics (WBLZ) Co., Ltd., MOL Logistics (H.K.), Ltd.); and 10 branches and offices (Shanghai, Hong Kong, Beijing, Shenzhen, Zhangjiagang, Tianjin, Qingdao, Suzhou, Hangzhou, Guangzhou). >Shanghai Huajia International Freight Forwarding Co., Ltd., Zhangjiangang Branch
Looking Ahead The company has also developed and expanded its independent network as part of the MOL Group's long-term strategy to expand its business in China. Along with the new Zhangjiagang branch, three new offices will open soon in Xiamen, Dalian, and Ningbo to ensure a stronger sales network.
* For further information, please contact: |
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August 24, 2004
WBLZ is a major project backed by the Chinese government and the city of Shanghai as a trial for an advanced free trade zone. MOL Logistics, the only Japanese company participating in WBLZ Phase I, decided to join the project in March, and then proceeded to establish the new subsidiary. Company registration was completed recently, and MOL Logistics (WBLZ) began operations on July 27, conducting trial movement of cargo in and out of WBLZ. China's conventional bonded zones have not been able to process cargo for export because documentation for value-added tax refunds weren't issued until cargo was actually loaded aboard vessels. However, in this trial cargo operation, the customs office issues the documentation two days after bringing the cargo into WBLZ as regarded that the captioned cargo was exported. MOL (Logistics) plans to make the most of WBLZ's unique capabilities to create innovative new logistics services.
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June 28, 2004
This certification covers five fields - logistics service, maritime transport service, storage and warehousing service, freight transportation by road in trucks or cars, and freight forwarding agency services. This allows MOL Logistics (H.K.) to establish a wholly owned subsidiary in China. The company will now begin application to the Chinese government to set up a subsidiary in Guangzhou city, Guangdong Province. The city is in the center of the Pearl River Delta Economic Zone, an area enjoying tremendous economic growth thanks to an expanding automobile industry and a new Baiyun Airport opening soon. MOL Logistics (Japan) Co., Ltd., as a core total logistics company of the MOL Group, has worked to develop and expand its worldwide network, enhance its marketing and sales capabilities, and boost its competitiveness. It has continued to expand its network - opening a branch of its Shanghai subsidiary in Shenzhen in October 2003, and then the Guangzhou Representative Office of MOL Logistics (H.K.) early this month. Moving ahead from the certification of MOL Logistics (H.K.) as a Hong Kong Service Supplier under CEPA, the company will continue to focus its resources on the Chinese market, which still holds huge potential for growth, developing services such as inland truck transport. This marks a major step in the MOL Group's growth and expansion. * CEPA: Closer Economic Partnership Arrangement, a free trade agreement signed in June 2003 between the government of the People's Republic of China and the government of the Hong Kong Special Administrative Region of the People's Republic of China. * For further information, please contact: MOL Logistics (H.K.) Ltd. |
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June 7, 2004
Guangzhou is located in the center of the Pearl River Delta Economic Zone, an area enjoying tremendous economic growth. The city is a hub of road and rail transport, and its air gateway, Baiyun Airport, is one of China's busiest. This fall, construction will be completed on a new Baiyun Airport in the city's Huadu district. It is expected to become a hub airport for all of South China. IT-related industries have thrived in the area since the 1980s, and now major automakers have chosen this city as a production center for the South China market. These developments are creating huge demand for logistics-related services such as ocean shipping, inland trucking, and so on, as well as air transport. With the new office, MOL Logistics (H.K.) expects to open up a range of new business opportunities.
Future Approaches MOL Logistics (H.K.) will soon be able to provide reliable scheduled consolidation trucking - which the company already offers on a charter basis - especially between Guangdong Province and Shanghai. What's more, MOL Logistics (WBLP) Co., Ltd., which will open in July 2004, will be the first company in China to offer value-added tax refund service - starting the refund process as soon as the cargo is delivered to the facility. To build on this function, the company is also planning a new bonded trucking service, to deliver cargo processed in eastern China directly to south China instead of through Hong Kong. In addition, the company will draw on its Vendor Management Inventory (VMI) experience accumulated in Hong Kong and apply it to Guangdong's burgeoning automobile industry. At the same time, the company is working to significantly reduce the cost of services such as inspection and pricing, which used to be offered in Japan for imported products, by providing those services in inland China through tie-up with local partners. The company continues to develop fine-tuned and continually evolving services as the customer's total logistics partner. * For further information, please contact: MOL Logistics (H.K.) Ltd. |
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