May 02, 2024
Samsung
Samsung SDS establishes JV with Chinese firm
[THE INVESTOR] Samsung SDS said on May 16 that it has agreed to set up a joint venture with a Chinese firm to tap deeper into the logistics business.
Samsung SDS said it agreed with China-based Kerry Logistics to establish a JV. Established in 1981, Kerry Logistics provides services to some 42 countries around the globe.
The new venture will be named SDS KERRY (Shanghai) Supply Chain Solutions, according to Samsung. Other details, including the value of the deal, were not revealed.
The Korean company said it plans to utilize its competitiveness in the IT industry with the infrastructure of Kerry Logistics.
Samsung SDS earlier established similar ventures with Thai and Vietnamese companies to expand its presence in the Asian market.
By Alex Lee and newswires (alexlee@heraldcorp.com)
Samsung SDS said it agreed with China-based Kerry Logistics to establish a JV. Established in 1981, Kerry Logistics provides services to some 42 countries around the globe.
The new venture will be named SDS KERRY (Shanghai) Supply Chain Solutions, according to Samsung. Other details, including the value of the deal, were not revealed.
The Korean company said it plans to utilize its competitiveness in the IT industry with the infrastructure of Kerry Logistics.
Samsung SDS earlier established similar ventures with Thai and Vietnamese companies to expand its presence in the Asian market.
By Alex Lee and newswires (alexlee@heraldcorp.com)
