STINNES GROUP ESTABLISHES SHANGHAI FACILITY
The Stinnes Group has established its first subsidiary in China. Through its subsidiary, Schenker, Stinnes provides logistics services from a facility in Shanghai, located in the Waigaoquiao free trade zone.
“We see enormous growth opportunities in Asia,” said Dr. Wulf H. Bernotat, Schenker's chief executive officer.
Stinnes intends to examine the feasibility of providing chemical logistics services in Asia in 2002.
The Stinnes Group operates a logistics network in Asia with more than 80 locations in 19 countries.