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Kerry Logistics, Spain’s Correos form JV  to cash in on China’s e-commerce exports 

Jun 17. 2019
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By The Nation

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Kerry Logistics Network is set to capitalise on the growing potential of China’s e-commerce exports by forming a joint venture with Spain’s national postal service Sociedad Estatal de Correos y Telegrafos (Correos) to provide end-to-end cross-border solutions from China to worldwide destinations.

Hong Kong-based Kerry Logistics holds a majority interest in the JV.

Leveraging Kerry Logistics’ broad experience in origin sortation, line haul and customs clearance, and Correos’ years of expertise in postal and commercial solutions, the JV aims to bring commercial services experience to the next level for customers, including market places and e-tailers. 

Cross-border e-commerce exports from China recorded a 67-per-cent year-on-year increase in 2018, amounting to 56.12 billion yuan (Bt253 billion), according to China’s General Administration of Customs.

To fulfill an increasing emphasis on e-commerce parcel security and compliance, a world-class sortation centre will be set up in Southern China under the new JV, equipped with an automated sorting system and stringent parcel screening and security controls to ensure speedy parcel handling and full compliance. 

The facility, targeted to open in final quarter of this year, will occupy an area of over 18,600 square metres and have an initial sorting capacity of 500,000 parcels per day, said William Ma, group managing director of Kerry Logistics.

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