DHL to expand its business activities in Russia
USD 250 Million investment in the next four yearsBonn/Moscow, 05/24/2006, 11:30 AM CEST
Deutsche Post World Net today announced its strategic initiatives for Russia. Through investments in excess of 250 Million USD within the next four years, the world's leading logistics group, together with its express and logistics entity, DHL, will continue its positive development in the express and logistics business in Russia. This announcement was made by Dr. Klaus Zumwinkel, Chief Executive Officer and Chairman of Deutsche Post World Net at a press conference in Moscow.
"Russia is a very successful market for DHL and we see great prospects for the future," said Dr. Klaus Zumwinkel. "Russia is an important part of our global growth strategy. The planned investments demonstrate our confidence in the high potential of the Russian economy and the express delivery and logistics market in particular".
The investments are focused on infrastructure and facilities, further expansion of the product portfolio, introduction of the latest technologies and training of our personnel. As part of the investment programme DHL Russia will expand its domestic road network, which includes the new purpose built cross docking terminals in key locations, that will connect the key economic centers of the country. All four DHL businesses in Russia, DHL Express, DHL Freight, DHL Global Forwarding and DHL Exel Supply Chain will participate in these investments.
For the first Quarter 2006, DHL Russia reports an increase in shipment volumes of more than 30%, compared to the same period in 2005. DHL in Russia sees exceptionally strong growth in Express, Air Freight and Supply Chain.
The Express business has shown double-digit growth both in domestic and international business. The international road and rail business of DHL Freight has doubled, and the domestic business has tripled.