GLP Partners with Haier to Develop State-of-the-Art Logistics Network Across China
- GLP will develop a state-of-the-art logistics network distributing home appliances for Haier, their suppliers and distributors nationally
- Strategic partnership will increase efficiency and provide a total solution package for the home appliance industry
Singapore, 10 September 2012 - Global Logistic Properties Limited ("GLP"), one of the world’s largest providers of modern logistics facilities, with a market-leading presence inChina and Japan, announces that it has signed a strategic partnership agreement with Haier Group (“Haier”), the world’s leading home appliances solutions provider, to develop a state-of-the-art logistics network for the distribution of household appliances across China.
Mr. Ming Z. Mei, Chief Executive Officer of GLP, said, “Haier and GLP are both market leaders in China. Combining GLP’s market leadership and expertise with Haier’s relationships with home appliance distributors, we will further accelerate our network expansion and will be able to provide enhanced services to both Haier and our other customers.”
According to the agreement with Qingdao Haier Industrial Development Co. Ltd., an arm of Haier responsible for managing the group’s industrial facilities resources, GLP and Haier will collaborate closely to develop and operate logistics facilities catering to Haier’s requirements for logistics centres across China. The partnership will combine GLP’s leading national platform and solutions with Haier’s strong market presence. The result will be an expanded customer base for GLP within the home appliance distribution industry and further supply chain optimization for Haier. Both companies will also integrate strategic resources, including capital, land sourcing and management expertise to build specialized parks for the home appliance industry in prime markets across China.
Work will commence on three initial projects in Shanghai, Tianjin and Chengdu, over the coming months, with expansion into additional markets to follow shortly after.
“We are very excited to be working with Haier, a world-class company with a strong reputation both in China and globally. This collaboration will provide great potential for further expanding our network throughout China,” said Kent Yang, Managing Director of GLP China. “The market for home appliances accounts for a significant portion of total demand for logistics space. We are confident that combining the market-leading strengths of GLP and Haier will create a logistics platform with optimal efficiency and competitiveness.”
Lu Ken, Chairman of Qingdao Haier Industrial Development Co. Ltd. said: “GLP has an unrivalled market presence, industry leading professionals and a proven track record. We look forward to partnering with GLP to develop and consolidate our logistics network, to better cater to the needs of our customers and further enhance our competitiveness in both manufacturing and channel services.”
About Global Logistic Properties (www.glprop.com)
Global Logistic Properties (GLP) is one of the world’s largest providers of modern logistics facilities, with a market-leading presence in China and Japan. It owns, manages and leases out 446 completed properties in 187 logistics parks spread across 36 major cities in China and Japan, forming an efficient logistics network with properties strategically located in keylogistics hubs, industrial zones and urban distribution centres. By providing flexible solutions of Multi-tenant, Build-to-suit and Sales-and-leaseback, GLP is dedicated to improving the supply chain efficiency for strategic expansion goals of the most dynamic manufacturers, retailers and 3rd party logistics companies in the world. The Group was listed on the Mainboard of Singapore Exchange Securities Trading Limited on October 18, 2010 (Stock code: MC0.SI).
About Haier
Haier is the world’s largest home appliances’ manufacturer and the No. 1 major appliances brand in the world with 7.8% retail volume share in 2011.To date, it has established 61 sales centers, 10 R&D centers, and 21 industrial parks across over 160 markets. It employs 80,000 employees, and generated RMB 150.9 billion (USD 23.3 billion) in revenues in 2011. It is listed on the Hong Kong and Shanghai stock exchange.
Issued by: Global Logistic Properties Limited
Investor relations & Media Team
Email: investor.relations@glprop.com
Ambika Goel, CFA
SVP- Capital Markets and Investor Relations
Tel: +65 6643 6372
Email: agoel@glprop.com
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