TOKYO - Mitsui O.S.K. Lines, Ltd. (MOL; President: Kunio Suzuki) today announced the signing of a letter of intent to cooperate in the Qianhaiwan Logistics Park project in western Shenzhen, China. Shenzhen West Logistics Co., Ltd., a subsidiary of Shenzhen Investment Holding Corporation (SIHC), is developing the park. The facility will be the largest logistics center in Shenzhen, the busiest port in southern China, and will feature bonded warehouses, container depots, and distribution centers.
The letter of intent was signed at a ceremony held on May 18 in Shenzhen. On hand for the event were Vice Secretary of Shenzhen Municipality Mr. Mao Bing, Director of Shenzhen Municipal Bureau of Communications Dr. Gao Xumin , Shenzhen West Logistics President Chen Lixiang, and MOL Deputy President Tokinao Hojo.
Note: Shenzhen Investment Holding Corporation (SIHC) is a blue-chip company in China, with activities centered on logistics, electric power and energy, finance, and port and harbor facilities. It has total assets of about \1.5 trillion billion yen and 60,000 employees, including those in group companies. The company has invested in terminal operators in Yantian, Chiwan, and Mawan.
While the entire Chinese market is growing rapidly, expansion has been especially dramatic in the Shenzhen area, designated as a special economic zone. The western part of the city has drawn particular attention as a gateway to the Pearl River Delta areas of Guangzhou, Zhongshan, and Zhuhai.
By teaming up with SIHC in this expanding area, MOL will promote continued growth and develop a structure to meet the logistics needs of a wider range of customers in southern China.
For further information, please contact:
Itsuo Matsumoto
Assistant General Manager
China Business Strategy, Corporate Planning Division
Mitsui O.S.K. Lines, Ltd.
Tel: 81-3-3587-7003
Fax: 81-3-3587-7702
E-mail: plcmo@mail.mol.co.jp