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Singapore, New Delhi, 03 Aug 2004 – Global container transportation provider APL and intermodal giant Container Corporation of India (CONCOR) have established a joint-venture to build and operate a container freight station (CFS) and container yard within India's largest inland logistics hub to serve the fast-growing hinterland north of New Delhi.
The new facilities will provide APL and sister company APL Logistics with more operational flexibility and further enhance the scope and scale of services offered to customers in the New Delhi area. Services will include cargo consolidation, warehousing, documentation, repairs and value-added logistics services. CONCOR will be the exclusive provider of intermodal network services.
At a contract signing ceremony in New Delhi, David Lim, President and CEO of APL's parent company, Neptune Orient Lines (NOL), said, "India is an important and growing sourcing, manufacturing and consuming market. This venture allows us to provide customers with inventory management capacity supported by quick, efficient and reliable intermodal services that complement our global ocean transportation and logistics offerings."
Mr Lim added, "In CONCOR, we have a partner that is committed to service excellence and that can help us to further enhance our country-wide network and services to customers."
AK Kohli, Managing Director of CONCOR, said, "We are happy to strengthen our long association with APL through this joint venture at Dadri. I feel that this is a winning combination for the mutual benefit of our core businesses as well as our customers."
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Pictured at the signing ceremony From left to right:
S Misra, Director Domestic Traffic, CONCOR
Mustan Juzar, Managing Director, APL Logistics India
R Mukherjee, Executive Director Finance, CONCOR
David Lim, President and CEO, NOL
AK Kohli, Managing Director, CONCOR
Ian Claxton, Managing Director, APL India.
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The 120,000-TEU (twenty-foot equivalent unit) capacity CFS and the container yard will be located at Dadri 40km north-east of New Delhi. The facilities will be built on 32,000 sqm of land leased from CONCOR for a period of 30 years and is scheduled to open later this year.
APL pioneered containerisation in India with the landing of the first-ever box at Cochin in 1973. Today, India is APL's second biggest Asian market after China. The company operates out of 26 offices covering India and Nepal offering container transportation services to major markets in Asia, Europe and the Americas. APL Logistics also has a substantial presence in India, offering origin logistics and integrated supply chain solutions to global customers.
About APL
APL is a global container transportation company offering more than 60 weekly services and nearly 300 calls at more than 90 ports in Asia, Europe, the Middle East and North America. It combines world-class intermodal operations with leading-edge IT and e-commerce. APL is a unit of Singapore-based Neptune Orient Lines (NOL), a global logistics and transportation company. APL Web site: www.apl.com
About CONCOR
Container Corporation of India is the public sector, rail freight and multimodal logistics service provider of Indian railways. CONCOR was set up in 1988, to profitably satisfy India's needs for high-quality, cost-effective logistics services. With a network of more than 40 terminals, offering scheduled and on demand rapid rail and road services between hinterland and ports, and between major metros CONCOR is a multimodal logistics professional with the mission to provide efficient and reliable logistics support for India's import, export and domestic trade and commerce.
Media Enquiries:
Americas:
Scott Dailey, tel: +1 650-369-4451 or scott_dailey@apl.com
Asia/Middle East:
Paul Barrett, tel: +65-6371-5541 or paul_barrett@apl.com
Europe:
Michael Haig, tel: +44-1737-248-300 or michael@isiscomms.com
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