Hong Kong, June 3, 2010 - Logwin, a global leader in air and ocean freight and logistics services, saw its Pan Asian revenues soar following the integration of its sales operations in the Far East and South East Asia.
In the Far East for the first five months of 2010, import and export volumes in air- and sea freight increased significantly, compared to the same period in 2009.
“We are delighted with the initial results of the Pan Asian sales integration program and we are expecting to see continued strong growth in the Far East and South East Asian regions as the initiative builds up momentum,” said Tomas Sonntag, Logwin Managing Director, Far East.
“Our customers are already benefiting from leveraging Logwin’s Asian network as goods and the flow of information will be managed by our own offices and IT system, saving time and money,” said Wolfgang Laube, Managing Director for Logwin in South East Asia.
The company which generated sales of US$1.35 billion globally in 2009, also saw Asian operations buck the global trend last year with significant growth during the major economic downturn.
“Traditionally we have been very strong on the Asia-Europe trades as we have a substantial customer base in Europe including many international brand names. Our customers have driven our expansion in Asia initially as a manufacturing centre for their products and in recent years as a fast growing consumer market,” he added.
In other news Logwin will be attending the Transport Logistics China from June 8th to 10th June 2010. The company will be presenting its complete range of services and its international expertise at the Shanghai New International Expo Centre. Delegates can find out more about Logwin’s network and services in Asia as part of the German Pavilion in hall E2. Logwin has had a presence in Asia for more than 38 years.
Logwin established its operations in the region in 1972 and now has 49 offices in Asia including China, Hong Kong, Taiwan, Korea, Thailand, Vietnam, Singapore, India, Bangladesh, Pakistan, Sri Lanka, Philippines, Malaysia, Indonesia, Australia, New Zealand with representative offices in Cambodia, Japan, Laos and Myanmar.
Logwin is publicly-traded company on the Prime Standard of the Deutsche Boerse and employs more than 5,500 employees.
About Logwin AG
As an external partner, Logwin AG, Grevenmacher (Luxembourg), develops a comprehensive range of logistics and service solutions for trade and industry. In 2009, the group generated sales of 1.1 billion euros and currently employs approximately 5,500 staff. Logwin operates in all main markets worldwide and has locations across all continents. With its two business segments Solutions (customer-focused contract logistics solutions) and Air + Ocean (global air and sea freight activities), Logwin AG is one of the leaders in the market.
The Logwin business segment Air + Ocean is represented at over 200 locations, of which 98 are wholly-owned, on all five continents. Around 1,900 employees provide air and sea freight transport as well as specially tailored and complex logistics solutions. The focus of their international engagement is in Europe, Asia, Australia, South America and South Africa. The global network is reinforced by partnerships and cooperation agreements, which include membership of the sea freight cooperation Group 99 and the air freight cooperation FUTURE.
Logwin AG is listed in the Prime Standard of the Deutsche Börse. The majority shareholder is DELTON AG, Bad Homburg (Germany).
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