DHL and New Zealand Post Partner for Growth12/20/2004, 12:00 AM CET
DHL today announced a 50/50 joint venture with the express and logistics business unit of New Zealand Post. The partnership with New Zealand Post's Express Couriers Limited (ECL), which includes the brands of CourierPost, Pace!, Sykroad and Contract Logistics, as well as the road and air linehaul operations of New Zealand Post, is a testament to DHL's confidence in the New Zealand market. This new development will play a critical role in accelerating the growth of DHL in Asia Pacific, its fastest growing region globally.
The announcement comes after DHL's recent acquisition of Blue Dart in India, and over US$215 million investment commitment in China. With these developments, DHL became the first international express company with domestic and international offerings in the two Asian giants - India and China.
Mr Scott Price, Chief Executive Officer, DHL Express Asia Pacific said, 'After consolidating our business opportunities in China and India, we feel that it is an opportune time for us now to do the same in New Zealand, a market that will enable us to propel our business in the Oceania region.'
'We are operating in a competitive environment, and it is imperative that DHL continues to seek opportunities to enhance our service offerings, build on our extensive geographical reach and network infrastructure so as to distinctly differentiate ourselves from other players,' added Mr Price.
Mr John Allen, Chief Executive, New Zealand Post said, 'We see a great potential to tap into DHL's market leadership position in Southeast Asia and China, as well as in India, which is also growing rapidly. These markets play a critical role in the continual growth of New Zealand and in its efforts to attract more foreign investments.'
The joint venture, a strategic move for DHL since it entered New Zealand more than three decades ago in 1973, presents long-term opportunities for DHL to build on current capabilities and further expand its existing service offerings in New Zealand.
The joint venture will be managed as a stand-alone company under a Board of Directors, represented by executive members of DHL and New Zealand Post.