Hyundai Glovis Co., a logistics unit under South Korea’s Hyundai Motor Group, has opened its 13th Chinese outpost in Shenzhen, the world’s third biggest port city, to up sales offensive in the southern mainland.
Hyundai Glovis said Thursday that it opened an office in Shenzhen, its 13th outpost in China. It will be responsible for developing new logistics clients throughout the southern part of China as well as handling inland distribution and export/import business, according to the company.
The company hopes the new office in Shenzhen would help it build a stronger logistics network in and around China’s southern economic hubs Shenzhen and Hong Kong. Shenzhen, established as China’s first special economic zone in 1980, is a major industrial city in Guangdong Province bordering Hong Kong to the south. The city is home to many of China’s top tech companies and consumer goods makers, offering vast business opportunities for logistics service providers.
Hyundai Glovis said the Shenzhen office will offer a service delivering freights from Shenzhen and neighboring area to all regions in China via truck. In the long run, the company will work to offer land freight services from mainland China to Hong Kong and Vietnam.
The company also plans to expand its export and import business through its Shenzhen office. Shenzhen is world’s third largest container port after Shanghai and Singapore by freight volume. It handled a total of 25.2 million twenty-foot equivalent units (TEUs) in 2017. It is also close to Guangzhou, world’s seventh busiest port.
By Moon Ji-woong and Cho Jeehyun
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