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Pantos Logistics signed MOU with Bondex Logistics
for Business Expansion in China
As a global logistics business operating a total of 167 logistics networks, Pantos Logistics has joined forces with Bondex Logistics, a high-ranking comprehensive logistics provider in China, to further expand logistics business in China.
Pantos Logistics has announced that recently it has signed a memorandum of understanding (MOU) with Bondex Logistics to establish strategic partnership between them and develop long-term business cooperation models.
Specifically, through the strategic alliance, the two companies have agreed to further strengthen their cooperative relations: They will work together to discover key futuristic businesses such as international express, finance/sourcing logistics and distribution logistics, accomplish win-win achievements through joint task promotion taking advantage of each other’s strengths, strive for joint investment opportunities and promote J/Vs or joint M&As based on mutual cooperation.
Pantos Logistics expects to accelerate its business expansion and increase its market share in China through collaboration with Bondex Logistics in the whole range of logistics business including W&D (warehouse & distribution), an obvious advantage of Bondex Logistics, and air and sea transport.
Kim Sang-rae, head of Pantos Logistics China said, “The alliance is a great opportunity for both of the companies. They will be able to create business success in new business areas by maximizing the synergy effects of their collaboration: Pantos Logistics is equipped with global competitiveness in logistics and Bondex Logistics is emerging as a powerhouse in the Chinese logistics market.
Through their cooperation, the two companies will be able to make practical improvements in their customer service and enhance their business competitiveness in a significant way.
Founded in 1993, Bondex Logistics served as the official logistics service provider for Expo 2010 Shanghai, China. It is one of the top ten logistics firms in China serving in a wide range of areas such as international logistics, exhibition transport, customs clearance, storage, project and engineering logistics and logistics consulting services. Bondex Logistics has more than 3,400 staff members in 49 branch offices across the country including key locations in Western China such as Xian, Zhengzhou, Chongqing and Chengdu.