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Kerry Logistics Expands Food Cold Chain Business in China

HONG KONG, CHINA - Media OutReach - 7 May 2019 - Kerry Logistics Network Limited ('Kerry Logistics'; Stock Code 0636.HK) has expanded its food-related cold chain capability in Mainland China through the establishment of Kerry Cold Chain Solution Ltd ('Kerry Cold Chain'), to tap into the fast-growing domestic market of niche food products.

 

Kerry Cold Chain is a joint venture company formed with Shanghai Zhizhen Logistics Co Ltd ('Zhizhen Logistics') in which Kerry Logistics holds the majority interest. It provides comprehensive integrated cold chain logistics solutions from upstream to downstream. Using self-owned cold chain facilities and partnering with local expertise, Kerry Cold Chain will handle a wide range of food products, from raw ingredients to dairy product additives.

 

Edwardo Erni, Managing Director - China and North Asia of Kerry
Logistics, said, "The market for food-related cold chain logistics in Mainland China
is immense with enormous growth potential. There is also ample room for
technological growth to reach international standards. Intending to fill a gap
in the market, we welcome the collaboration with Zhizhen Logistics, which marks
an important strategic step for Kerry Logistics to extend its footprint in the
domestic cold chain logistics market, enhancing our service offerings and
competitiveness."

 

Kerry
Cold Chain currently operates more than 1 million sq ft of ambient and cold
chain facilities in China, including a temperature-controlled facility of over
50,000 sq ft in Shanghai featuring automated storage and retrieval systems.

 

Founded
in 2008, Zhizhen
Logistics
serves the logistics needs of both domestic and
international customers
from locations across China
including Beijing, Tianjin, Wuhan, Guangzhou, and Shenzhen. It commands a 90%
market share for imported food essences in the Shanghai region.

 

With a
wealth of experience in cold chain logistics, Kerry Logistics offers seamless
F&B solutions with complete cold chain integrity to food chain stores and restaurants
in Hong Kong as well as hypermarkets and frozen food retailers in Taiwan. The Group
also runs cold chain facilities of 70,000 sq ft in Oceania, serving supermarket
chains, convenience stores, independent retailers, and food importers.

About Kerry Logistics Network Limited (Stock Code 0636.HK)

Kerry Logistics is an Asia-based, global 3PL
with the strongest network in Asia. Its core competency is providing highly
customised solutions to multinational corporations and international brands to
enhance their supply chain efficiency, reduce overall costs, and improve
response time to market. Kerry Logistics has a network covering 53 countries
and territories, and is managing 60 million sq ft of land and logistics
facilities worldwide, providing customers with high reliability and flexibility
to support their expansion and long-term growth. Kerry Logistics Network
Limited is listed on the Main Board of the Hong Kong Stock Exchange and is a
selected Member of the Hang Seng Corporate Sustainability Index Series 201
7-2018.

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