DHL new office retains stronghold in fashion & apparel sector
DHL, the world's leading logistics company, opened its new premises for its Global Forwarding arm in Phnom Penh, Cambodia. Located in the Regency Square Business Complex close to the capital's center, the new office will serve as a “DHL Fashion and Apparel Center of Excellence” to support the established textile and garments industry in Cambodia, and also bolster DHL's services to customers in the oil and energy sector.
“The new office reflects our commitment to expand our reach in the region and to continually invest in Cambodia. We are very optimistic about the country's growth potential - gross domestic product growth stands at 5.5 per cent in 2010, higher than the forecast of 4.9 per cent by the World Bank. We believe that 2011 will be an even better year for Cambodia now that economic recovery is well underway,” said Amadou Diallo, Chief Executive Officer, Africa and South Asia Pacific, DHL Global Forwarding.
World energy demand by 2030 is expected to grow 74 per cent from 2005 levels, and the energy sector is expected to attract an average of €600 billion a year in investments to reach €15 trillion in cumulated investments by 2030. The oil and energy industry – spanning both fossil and renewable energies – currently spends about €260 billion on logistics globally.
“The burgeoning oil and energy industry provides lots of supply chain and logistics opportunities for us, in terms of supporting oil exploration and production in the Asia Pacific. As such, we will be strengthening our Industrial Projects division in Cambodia, which will handle large-scale industrial projects for leading multinationals and provide integrated turnkey project forwarding services for industry segments such as oil and gas, petrochemicals, power and energy,” said Sam Ang, Chief Executive Officer, South East Asia, DHL Global Forwarding.
As DHL's seventh Fashion and Apparel Center for Excellence in Asia Pacific, following the establishment of similar centers in Bangladesh, Hong Kong, India, Pakistan, Sri Lanka and Vietnam, the new office will implement best practices and customize solutions to help customers in fashion and apparel to better manage the product flow further upstream in their supply chain.
“The fashion and apparel industry remains as one of our core focus areas and Cambodia is an increasingly important part of our global fashion and apparel aspirations. In the initial 11 months of 2010, garments and textiles contributed nearly US $2.82 billion to Cambodia, which is a 20.15 percent increase from the same period last year. Moreover, EU tax exemptions for Cambodia mean export growth is likely to continue to rise,” said Huykieu Khau, Managing Director, DHL Logistics (Cambodia) Ltd.
In addition to the standard portfolio of services, greater cost savings benefits for customers due to its buying power and setting up of regular consolidations to major gateways, DHL Logistics (Cambodia) will provide services that include: