TOKYO - Mitsui O.S.K. Lines, Ltd. (MOL; President: Kunio Suzuki) today announced plans for three MOL Group companies - MOL Logistics (Japan) Co., Ltd. (MLG-JP), Shanghai HuaJia International Freight Forwarding Co., Ltd. (MLG-CN), and MOL (China) Co., Ltd. - to participate in the Shanghai Waigaoqiao Bonded Logistics Park (WBLP), a project approved by the Chinese government as a free trade zone.
The WBLP Grand Opening Customs Certified Ceremony was held in Shanghai on April 15, with Deputy Director of General Administration of customes Gong Zheng and Deputy Mayer of Shanghai Municipal City Zhou Yupeng in attendance. MOL Group top executives, including MOL Deputy President Hiroyuki Sato, MLG-JP President Kazuki Mori and MLG-CN CEO Preston Lui, were also on hand.
Those three companies jointly establish a new company, and will complete a warehouse in WBLP in May, and start operation in July. The profile of the new company is as follows:
In our mid-term management plan MOL STEP, MOL Group positions the logistics business as a pillar in the product transport business sector. The group's growth strategy is based on taking advantage of new business opportunities in ocean shipping and logistics.
In the Chinese market, which shows tremendous growth, the MOL Group plans to meet customers' expanding logistics needs by utilizing its own warehouse in WBLP, one of key logistics centers in China, and offer higher-quality solutions by taking full advantage of the MOL Group global network.
MLG-JP is the only Japanese company participating in Phase I of the project.
For further information, please contact:
Hideaki Miyata
Mitsui O.S.K. Lines, Ltd.
Manager, Strategic Planning Group, Logistics Business Division
Tel: 81-3-3587-7101
Fax: 81-3-3587-7738
E-mail: lspmo@mail.mol.co.jp