Concludes memorandum on business collaboration with Sinotrans Limited
Nippon Express Co., Ltd. (Mitsuru Saito, President) took part in the Japan-China Forum on Third Country Business Cooperation Forum held in the Great Hall of the People in Beijing on Friday, October 26.
A wide range of government-affiliated institutions/companies from both countries attended the forum, which was held to encourage greater exchange with private companies from Japan and China with an eye to promoting Japanese-Chinese private-sector economic cooperation in third countries. Representing Nippon Express at the forum were Chairman and Representative Director Kenji Watanabe, Managing Executive Officer Tatsuo Sugiyama, and Executive Officer Kohei Hashimoto.
Prior to this forum, Nippon Express concluded a memorandum of understanding on business collaboration with Sinotrans Limited (hereinafter, "Sinotrans") as part of the program for Japan-China cooperation that was one topic covered by the forum.
Sinotrans, China's largest general logistics company with an overseas network of 79 business locations in 36 countries/regions, operates under the Chinese state-owned corporation China Merchants Group Limited. This new business tie-up will allow the two companies to leverage their industry dominance and assets to cooperate in logistics operations in third countries/regions in Central Asia, Africa and other regions with the aim of mutual development.
Nippon Express will be bolstering its logistics functions in the East Asia region via this business partnership, and endeavoring to fulfill the aim stated in its Corporate Strategy of further expanding as a global logistics company.