Two logistics providers joined forces to create Kerry-Puninar Logistics in Indonesia.
Kerry Logistics partnered with shareholders of Indonesia-based PT Puninar Saranaraya (Puninar Logistics) to form Kerry-Puninar Logistics.
According to a statement from the group, the goal of the new joint venture is “leverage each other’s competitive strengths” to expand business opportunities in Indonesia.
Kerry-Puninar Logistics will combine the global forwarding network of Kerry Logistics with Puninar Logistics’ local resources in Indonesia. “This will give customers in Indonesia access to complete supply chain solutions and a globally integrated network,” the company said.
At the inauguration of the joint venture in Jakarta, George Yeo, chairman of Kerry Logistics said, “We are very grateful to Puninar Logistics for their trust and support. The joint venture lays a strong foundation for cooperation between Kerry Logistics and Puninar Logistics, and marks a significant phase of our business development in Indonesia. As an archipelago, Indonesia has high demand for quality inter-island logistics services, which translates into immense growth opportunities. By enabling customers to optimise their supply chains with our integrated logistics services and highly customised solutions, we believe we are well-positioned to capture opportunities in the rapidly growing Indonesian logistics market.”
Eddy Korompis, president director of Puninar Logistics added, “Through this partnership, not only will we strengthen and further extend the scope of our businesses, but both parties will also be able to benefit from the complementary advantages and contribute to the further development of our existing businesses. We look forward to the immense business opportunities that will emerge.”
The company’s statement noted that, according to Frost & Sullivan, “Indonesia’s logistics industry currently accounts for about 3.6% of its national economy. Indonesia’s transportation and logistics market was estimated to be worth IDR 1,816 trillion in 2014, with considerable growth potential.”
Kerry partners with Puninar
