DHL to invest $35 mln Hong Kong

DHL, the world’s leading express and logistics company, announced a USD 35 mln investment program in Hong Kong to capitalize on the continued growth of the region’s trade. The program comprises the opening of a new facility in South Kowloon which will enhance DHL Express’ ground handling capacity by about 20%, as well as a large-scale office relocation plan to further strengthen operational synergy.

Scott Price, Chief Executive Officer – Asia Pacific, DHL Express, said: “This is the fifth consecutive year that DHL has recorded double-digit growth in Hong Kong. The investment program brings us close to USD 1 bln in our commitment to the Greater China area to position us for the opportunities which abound in this region.”

This lifts DHL’s total investment in Hong Kong to USD 645 mln, which includes the Central Asia SuperHub, investment in Air Hong Kong (a joint venture with Cathay Pacific, which feeds cargo from around Asia Pacific into Hong Kong), service centers and office facilities.

With the opening of the new facility, DHL’s ground handling capacity will be 45,500 shipments per day.

DHL’s air express cargo handling capacity will also be significantly increased when the expansion of its USD 210 mln Central Asia SuperHub (CAS) at the Hong Kong International Airport is completed in the second half of 2007.

DHL’s international network links more than 220 countries and territories worldwide.  285,000 employees are dedicated to providing fast and reliable services that exceed customers’ expectations. DHL is a Deutsche Post World Net brand. The group generated revenues of €45 billion in 2005.