[090518.EN.BIZ] Kerry Ties Up With D&G Technology Along Belt & Road Routes

HONG KONG's Kerry Logistics Network is to co-operate with Hong Kong-listed D&G Technology Holding through an investment in its wholly-owned subsidiary Topp Financial Leasing (Shanghai).

The cooperation serves as a first step for the two parties to further explore collaboration opportunities under the Belt and Road initiative.

D&G Technology is in manufacturing, distribution, R&D, leasing of asphalt mixing plants, and the provision of road construction support services in China, Australia, Russia, South and Southeast Asia, the Middle East and Africa.

Kerry Logistics expects to deliver products to customers along Belt and Road trade routes and to enhance the development of D&G operations.

"Cooperation is part of Kerry Logistics' strategy to tap into the growth opportunities from the Belt and Road initiative," said Kerry's China and North Asia chief Edwardo Erni.

"This allows us to support D&G Technology in Belt and Road countries. We have been expanding across Central Asia and countries in the Commonwealth and believe this collaboration can bring new business and customers."

Topp Financial Leasing is primarily engaged in the business of finance leasing of asphalt mixing plants and road construction equipment to D&G Technology's customers in China.

Currently, Kerry Logistics moves 200-300 TEU per week through its twice-weekly block train service from China's Lanzhou to Kazakhstan and Uzbekistan via the Alashankoy or Khorgos gateways. It also runs a weekly rail freight service from Yinchuan to Kazakhstan and Uzbekistan, handling 100 TEU per week.

Source : HKSG.