- Forms a joint venture firm with SL’s IAS Holdings
Hong Kong-based Kerry Logistics Network has announced a new joint venture, Kerry Logistics Lanka, with Sri Lanka’s IAS Holdings, to strengthen its international freight forwarding capabilities in South Asia.
As part of Kerry Logistics’ South Asia operation, Kerry Lanka will operate an office in Colombo, as well as a bonded facility and office for export purposes at Bandaranaike International Airport.
“Located in Sri Lanka, the intersection of freight routes in South Asia, Kerry Lanka will become a significant hub for Kerry Logistics and give a strong boost to our global connectivity.
Plans are also in place to aggressively focus on the upstream of the supply chain to support the fashion industry vertical. The forming of the joint venture also marks the deepening of our presence in the South Asian subcontinent, rounding out our full suite of services in the region,” Kerry Logistics Executive Director Patrick Cheah said.
Kerry Logistics also has operations in both India and Pakistan.