DHL and Indian logistics company Lemuir yesterday announced they had consolidated their jointventure in a move they say makes them the leader in international freight forwarding, supply chain
management and customs brokerage on the subcontinent.The new company is called DHL Lemuir Logistics Private Limited in which DHL’s parent,Deutsche Post World Net, holds a 76% stake and Lemuir 24%. It is a result of Exel joining DPWN inDecember 2005. The consolidated business will trade under the DHL brand as DHL Global Forwardingfor the freight forwarding business and DHL Exel Supply Chain for contract logistics.
“Upon the completion of the consolidation and integration in India, the DHL Logisticsbusiness will be bigger, better and stronger,” said John Allan, CEO, DHL Logistics.
“The combined expertise of three leading players in the industry and the strength of over2000 employees and 150 facilities will position us as a clear leader in contract logistics, air andocean freight forwarding and customs brokerage in India.”
“India is of strategic importance to DHL in Asia Pacific. This consolidation will create astrong platform to enable us leverage the opportunities in the logistics sector in India,” Allanadded.
Snehal Parikh, managing director of the Lemuir Group and dhairman of DHL Lemuir Logistics,said: “The consolidated joint venture will benefit our customers and employees and help globalizeour business and processes. It will allow us to serve our customers with a greater degree ofservice excellence, better technology and systems, global reach and a strong product portfolio.”
DHL in India also comprises of DHL Express and Blue Dart, the domestic express company, whichwill continue to operate as independent business units, the carrier said.
According to the company, the Indian logistics market is today worth around $45 billion. By2015, it expects it to reach around $120 billion, through compound growth of over 11%.
