Kerry launches cold chain joint venture with Zhizhen in China
_A Monitor report01 Jun, 2019 | 509 Views|-+
Hong Kong : Kerry Logistics Network Limited has established Kerry Cold Chain Solution Ltd., a joint venture company formed with Shanghai Zhizhen Logistics Co. Ltd.
According to Kerry Logistics, the JV enables it to expand its food-related cold chain capabilities in mainland China and to tap into the fast-growing domestic market of niche food products.
"The market for food-related cold chain logistics in mainland China is immense with enormous growth potential," said Edwardo Erni, Managing Director, China and North Asia, Kerry Logistics.
Kerry Cold Chain provides comprehensive integrated cold chain logistics solutions from upstream to downstream. Using self-owned cold chain facilities and partnering with local experts, it handles a wide range of food products, from raw ingredients to dairy product additives.
The cold chain currently operates more than one million square feet of ambient and cold chain facilities in China, including a temperature-controlled facility of over 50,000 square feet in Shanghai featuring automated storage and retrieval systems.
"There is also ample room for technological growth to reach international standards. Intending to fill a gap in the market, we welcome the collaboration with Zhizhen Logistics, which marks an important strategic step for Kerry Logistics to extend its footprint in the domestic cold chain logistics market, enhancing our service offerings and competitiveness."