DHL to invest €70m in South-East Asia by 2020

DHL Supply Chain has announced intentions to invest more than €70m to grow its regional footprint in South-East Asia by 2020. The investment, effecting Thailand, Vietnam, Cambodia and Myanmar, will see new facilities, expanded truck fleets, investments in new technology and an additional 5,000 jobs in these countries.

John Gilbert, CEO DHL Supply Chain, said of the investment, “Asia-Pacific is one the most important regions for DHL Supply Chain being accountable for a significant share of our revenues in 2016. Consumer, retail and tech industries drive these developments becoming evident in increased amounts of new and extended contracts. Being already the market leader for the region it is fully natural for us to foster our commitment in the region and remaining a reliable partner.”

Government investments in infrastructure, as well as the prospect of returning economic growth, were stated as reasons for investing in Thailand. It cited a report from Kasikorn Bank Research that said land transport and warehouse market value in 2017 growth was expected at around five to seven percent. It also said it hoped to become a market leader in Myanmar and Cambodia, as it claims to be in Vietnam and Thailand.

Source: Deutsche Post DHL