Kerry Logistics Network Limited is a
listed company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in Over-the-counter (finance), over-the-counter markets. A public (publicly traded) comp ...
engaged in
third party logistics
Third-party logistics (abbreviated as 3PL, or TPL) in logistics and supply chain management is an organization's use of third-party businesses to outsource elements of its distribution, warehousing, and fulfillment services.
Third-party logisti ...
,
freight
Cargo consists of bulk goods conveyed by water, air, or land. In economics, freight is cargo that is transported at a freight rate for commercial gain. ''Cargo'' was originally a shipload but now covers all types of freight, including transp ...
services,
warehouse
A warehouse is a building for storing goods. Warehouses are used by manufacturers, importers, exporters, wholesalers, transport businesses, customs, etc. They are usually large plain buildings in industrial parks on the outskirts of cities ...
operations, and
supply chain
In commerce, a supply chain is a network of facilities that procure raw materials, transform them into intermediate goods and then final products to customers through a distribution system. It refers to the network of organizations, people, acti ...
solutions. It was listed on 19 December 2013, raising over US$280 million, as a spin-off of
Kerry Properties Limited
Kerry Properties Limited is a listed company engaged in property development in Hong Kong, Mainland China and Asia Pacific region; infrastructure projects in Hong Kong and Mainland China; and hotel ownership and operations in Mainland China. The ...
.
Kerry Logistics is headquartered in
Kwai Chung
Kwai Chung is an urban area within Tsuen Wan New Town in the New Territories of Hong Kong. Together with Tsing Yi Island, it is part of the Kwai Tsing District District of Hong Kong. It is also part of Tsuen Wan New Town.
In 2000, it had a populat ...
,
Hong Kong
Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China ( abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delt ...
. As of 2020, they managed of logistics facilities globally ( of which is self-owned), with a fleet of 10,000+ self-owned vehicles operating in 59 countries and territories.
Hong Kong
Before incorporation, its first established warehouse in Hong Kong was built in 1981. By 1991, the Group had five warehouses and acquired one warehouse with an aggregate GFA of approximately . The company was established in 1991. In 1999, they opened their flagship logistics facility, Kerry Cargo Centre, a multi-storey combined logistics facility and global HQ office.
The company name was changed to “Kerry Logistics Network Limited” in 2000, the same year they began to provide truck freight services to warehousing customers. International freight forwarding operations also began shortly after in Hong Kong through the acquisition of Kerry Freight (Hong Kong) Limited (previously named “R&B Transports Limited”).
As of 2016, Kerry Logistics owned 12 logistics facilities in Hong Kong with a total GFA of .
The Group generated a revenue of over HK$53 billion in 2020 and is the largest international logistics company listed on the Hong Kong Stock Exchange (Stock Code 0636.HK) as well as a selected Member of the Hang Seng Corporate Sustainability Index Series 2020-2021.
Mainland
China
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...
In 2003, in collaboration with a
joint venture
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acces ...
partner, the first logistics centre in China was developed. In 2005, the China division acquired a 70%
equity
Equity may refer to:
Finance, accounting and ownership
* Equity (finance), ownership of assets that have liabilities attached to them
** Stock, equity based on original contributions of cash or other value to a business
** Home equity, the dif ...
interest
In finance and economics, interest is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum (that is, the amount borrowed), at a particular rate. It is distinct ...
in EAS, and the new joint entity was renamed Kerry EAS Logistics ("KEAS"). EAS, a Chinese
state-owned enterprise
A state-owned enterprise (SOE) is a Government, government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn Profit (econom ...
, was one of the leading domestic freight and warehousing entities in China at the time.
As of the end of 2016, KEAS managed approximately of self-owned logistics facilities and approximately of leased logistics facilities in China. The revenue in Mainland China was HK$8 billion, or about 38% of the total group revenue.
Taiwan
Taiwan, officially the Republic of China (ROC), is a country in East Asia, at the junction of the East and South China Seas in the northwestern Pacific Ocean, with the People's Republic of China (PRC) to the northwest, Japan to the nort ...
In 2004, KLN commenced freight forwarding operations in Taiwan. In 2008, they acquired an initial equity interest in Kerry TJ Logistics, previously named “T. Join Transportation Co., Ltd”. As of the end of 2016, KLN held a total equity interest of approximately 49.67% in Kerry TJ Logistics.
Kerry TJ Logistics is a major logistics service provider in Taiwan whose shares have been listed on the Taiwan Stock Exchange since 1990. It has an extensive distribution network supported by a fleet of more than 3,000 trucks.
ASEAN
ASEAN ( , ), officially the Association of Southeast Asian Nations, is a political and economic union of 10 member states in Southeast Asia, which promotes intergovernmental cooperation and facilitates economic, political, security, militar ...
![Kerry Express at AIA Capital Center Building in Bangkok](https://upload.wikimedia.org/wikipedia/commons/4/42/Kerry_Express_at_AIA_Capital_Center_Building_in_Bangkok.jpg)
KLN's business in
ASEAN
ASEAN ( , ), officially the Association of Southeast Asian Nations, is a political and economic union of 10 member states in Southeast Asia, which promotes intergovernmental cooperation and facilitates economic, political, security, militar ...
(
Southeast Asia
Southeast Asia, also spelled South East Asia and South-East Asia, and also known as Southeastern Asia, South-eastern Asia or SEA, is the geographical United Nations geoscheme for Asia#South-eastern Asia, south-eastern region of Asia, consistin ...
) started in 2002, with both integrated logistics and international freight forwarding operations in Thailand. In 2003, KLN completed the development of a logistics centre, with a total GFA of approximately , in Thailand's largest sea port in
Laem Chabang
Laem Chabang ( th, แหลมฉบัง, ) is a port city municipality (''thesaban nakhon'') in Si Racha and Bang Lamung districts of Chonburi Province, Thailand. It includes Thung Sukhla subdistrict (''tambon'') and parts of subdistricts Buen ...
, south of
Bangkok
Bangkok, officially known in Thai language, Thai as Krung Thep Maha Nakhon and colloquially as Krung Thep, is the capital and most populous city of Thailand. The city occupies in the Chao Phraya River delta in central Thailand and has an estima ...
. In 2004, KLN acquired an initial equity interest in Kerry Siam Seaport Limited (formerly Siam Seaport Terminal & Warehouses Co., Ltd.). As of 2013, KLN holds 79.52% interest in Kerry Siam Seaport Limited. Kerry Siam Seaport Limited operates Kerry Siam Seaport, a multi-purpose port terminal located near Laem Chabang.
As of 2013, KLN managed approximately of completed self-owned facilities (representing an attributable GFA of approximately ) and approximately of leased facilities in Thailand where Kerry Logistics trades as Kerry Express.
Since 2004, KLN has continued to expand into other ASEAN countries by establishing international freight offices in
Singapore
Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, borde ...
,
Malaysia
Malaysia ( ; ) is a country in Southeast Asia. The federation, federal constitutional monarchy consists of States and federal territories of Malaysia, thirteen states and three federal territories, separated by the South China Sea into two r ...
,
Indonesia
Indonesia, officially the Republic of Indonesia, is a country in Southeast Asia and Oceania between the Indian and Pacific oceans. It consists of over 17,000 islands, including Sumatra, Java, Sulawesi, and parts of Borneo and New Guine ...
,
Cambodia
Cambodia (; also Kampuchea ; km, កម្ពុជា, UNGEGN: ), officially the Kingdom of Cambodia, is a country located in the southern portion of the Indochinese Peninsula in Southeast Asia, spanning an area of , bordered by Thailand t ...
, the
Philippines
The Philippines (; fil, Pilipinas, links=no), officially the Republic of the Philippines ( fil, Republika ng Pilipinas, links=no),
* bik, Republika kan Filipinas
* ceb, Republika sa Pilipinas
* cbk, República de Filipinas
* hil, Republ ...
,
Vietnam
Vietnam or Viet Nam ( vi, Việt Nam, ), officially the Socialist Republic of Vietnam,., group="n" is a country in Southeast Asia, at the eastern edge of mainland Southeast Asia, with an area of and population of 96 million, making i ...
and
Myanmar
Myanmar, ; UK pronunciations: US pronunciations incl. . Note: Wikipedia's IPA conventions require indicating /r/ even in British English although only some British English speakers pronounce r at the end of syllables. As John C. Wells, Joh ...
.
United Kingdom
KLN commenced European freight forwarding operations in the
United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and North ...
in 2002, by acquiring an initial equity interest in Kerry Logistics (UK) (previously named “Trident International Limited”). In 2013, KLN acquired the remaining equity interest, making Kerry Logistics (UK) a wholly owned subsidiary of KLN.
Indev Logistics, India
On 13 April 2016, Kerry Logistics announced the acquisition of a 50% stake in
Indev Logistics Pvt. Ltd. (Indev), a Chennai-based logistics company. The stake value is estimated to be around Rs 1,000 crore. By 2018, the company is also planning to list in the Indian markets. Once this investment plan takes effect, Indev will be rebranded as
Kerry-INDEV, in line with Kerry's ambition to becoming a major pan-Indian logistics company with an India focus.
See also
*
Kerry Properties Limited
Kerry Properties Limited is a listed company engaged in property development in Hong Kong, Mainland China and Asia Pacific region; infrastructure projects in Hong Kong and Mainland China; and hotel ownership and operations in Mainland China. The ...
References
{{reflist
External links
Kerry Logistics Network
Transport companies established in 1981
Companies listed on the Hong Kong Stock Exchange
Logistics companies of Hong Kong
Multinational companies headquartered in Hong Kong
Hong Kong brands