Schenker expands in the Philippines
Schenker will take over the operations of its partner CPI as of January 2007. Activities of BAX Global will be integrated. The new company will have a workforce of over 500 employees.
News Item Entered: Friday, October 13, 2006
(Essen/Makati/Singapore, 10/13/2006) Schenker and CPI Transport, Inc. have just signed an agreement that Schenker will take over the operations of CPI as of January 2007. For almost 20 years, CPI has been the reliable partner for Schenker in the Phillippines. In parallel, the activities of BAX Global in the Phillipines will be integrated into Schenker.
The agreement was signed by Karl-Heinz Matthes, Regional Director Asia Pacific, Schenker AG, and CEO Asia Pacific of the joint Schenker and BAX organization, together with Patrick Chen, Chairman & CEO CPI. “This is another very important step forward for the Asia Pacific organization of Schenker, to have a comprehensive owned network in all markets”, said Karl-Heinz Matthes. “We thank Patrick Chen and his team for their excellent support over the past decade and are very grateful to them for establishing Schenker as a leader in the Philippine logistics market.”
CPI started its international freight forwarding activities in 1982 and signed an exclusive agency agreement with Schenker in 1988. The company has since grown into a very important and strong partner of the global Schenker network. With its 180 employees in the Manila area and Cebu, CPI provides the complete range of international forwarding (airfreight, seafreight, local distribution) as well as project business, household removals, warehousing and brokerage.
BAX Global has been operating its own offices in the Philippines (Manila area and Cebu) since 1995 and is very active in international freight forwarding as well as supply chain management (including warehousing, vendor management inventory solutions and value added services). With a workforce of 340 people and 6,800 square meters of warehouse/logistics facilities, BAX Global is supporting a number of major global, regional and local accounts in the Philippines.
The activities of the two companies, BAX Global and CPI, will be merged into one company which will then operate under the name Schenker. The integration process is planned to be finished by the end of 2006 and the new company is scheduled to operate from January 2007.
The new company will have a workforce of over 500 employees and a revenue of more than Php3 billion Pesos (approximately US$60 million) and will offer the complete range of integrated logistics services, international freight forwarding (seafreight/airfreight), supply chain management solutions including warehousing, distribution and value added services as well as project cargo, brokerage and household removal services. With the combined strengths and expertise of Schenker, BAX Global, and CPI, the new Schenker organization in the Philippines will be amongst the top 5 logistics providers in the country. “We will drive to become the Number 1 in the Philippine market”, added Schenker’s new Managing Director for the Philippines, Reiner Allgeier.
Schenker and BAX are joining forces and becoming the industry's leading logistics powerhouse. The joint organization has a team of about 50,000 experts at 1,500 locations in 150 countries. Together Schenker and BAX Global are now the world’s No 1 source for European land transportation, No 2 for global airfreight, No 3 resource for global seafreight, No 6 for global contract logistics and No 3 for North American integrated heavy freight.
With annual sales of 8.9 billion euros, 42,000 employees and about 1,100 offices around the world, Schenker is one of the world's leading providers of integrated logistics services, offering land operations, air and sea freight as well as comprehensive logistics solutions and global supply chain management from a single source. Schenker is a part of DB Logistics, the Transportation and Logistics Division of Deutsche Bahn AG.