Singapore, April 11, 2013 - With the opening of an office in Myanmar at the beginning of April, Kuehne + Nagel further strengthens its presence in the Asia-Pacific region.
The Kuehne + Nagel office is located in Yangon (Rangoon), in the vicinity of the country’s major sea- and airports. The company is offering comprehensive forwarding services by sea and air, warehousing, overland transportation and customs brokerage.
Myanmar, an emerging market with increasing international trades with Europe, the USA as well as the rest of Asia, has a population of about 60 million. The country is rich in natural resources and is a key exporter of agricultural goods, textiles, wood products, construction materials, gems, metals, oil and natural gas. Major products imported include dairy products, machinery and equipment.
“With our innovative service portfolio, we are perfectly positioned to offer our customers in this dynamic market tailor-made, IT-based integrated logistics services,” said Andy Weber, President of Kuehne + Nagel (Asia Pacific) Management Pte. Ltd.
About Kuehne + Nagel
With over 63,000 employees at more than 1000 locations in over 100 countries, the Kuehne + Nagel Group is one of the world's leading logistics companies. Its strong market position lies in the seafreight, airfreight, contract logistics and overland businesses, with a clear focus on providing IT-based integrated logistics solutions. In Asia-Pacific, Kuehne + Nagel operates at more than 155 locations in 22 countries and employs around 7,000 people. Further information can be found at www.kuehne-nagel.com
Kuehne + Nagel Group Reports First Quarter 2013 Results
Positive development of results
Schindellegi / CH, April 15, 2013 – In a softened market environment, the Kuehne + Nagel Group concentrated on the improvement of internal efficiency and profitability, resulting in positive achievements in the business units airfreight and contract logistics. Turnover increased by 5.4 per cent to CHF 5,094 million compared to the previous year’s period. Gross profit improved by 2.3 per cent to CHF 1,537 million and at CHF 219 million, the operational result (EBITDA) was above the previous year’s level. Net earnings amounted to CHF 134 million (last year: CHF 68 million).
See full press release at http://www.kn-portal.com/nc/about_us/media_relations/news/show/news/positive_development_of_results/