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Land by FedEx site a strong draw for logistics companies

Land by FedEx site a strong draw for logistics companies

Clark Machemer, senior vice president and regional development officer for The Rockefeller Group's New Jersey and Pennsylvania Group, said he plans to build two logistics centers on the land, with one at 1 million square feet and the other at about 290

Trafco announces BD1.67m net profit, dividend of 16pc

Trafco announces BD1.67m net profit, dividend of 16pc

On the other hand, other wholly owned companies within the group performed well in general. Trafco Logistics Company had a good result for the second year in a row with a net profit for the year of BD202K against BD125K previous year. Bahrain Water

The Philippines' biggest business deals in 2017

Since 2016, the Manuel Pangilinan-led conglomerate has acquired 4 small logistics companies: Basic Logistics Corporation, A1 Move Logistics Incorporated, Philflash Logistics Incorporated, and BasicLog Trading and Marketing Enterprises. Metro Pacific Investments Corporation (MPIC) has invested a total of P2. 45 billion to build its own logistics business. In January 2017, MPIC also bought Ace Logistics Incorporated for P280 million. Other local conglomerates have also placed their bets on the logistics sector. JT, whose brands include Winston and Camel, has long been scouting for international markets to counter declining sales in Japan due to the intensifying competition in the e-cigarette market. Japan Tobacco acquiring Mighty Corp Embattled Mighty Corporation was bought out by global giant Japan Tobacco (JT) for about $1 billion to partly help the local cigarette firm settle its P30-billion tax evasion case. The government had accused Mighty – the Philippines' number two cigarette manufacturer – of using fake tax stamps to get out of paying excise taxes. The Department of Finance had even described the case as the country's biggest-ever tax settlement. Other than MPIC and SMIC, Ayala Corporation has also made moves of its own into e-commerce by acquiring online fashion platform Zalora, in a bid to create online and offline retailing synergies. Before the Mighty deal, JT had announced it was buying Indonesian cigarette maker PT Karyadibya Mahardhika and its distributor for $677 million.
METRO Cash & Carry расширяет сеть магазинов Торговая сеть Metro строит 4 магазина мелкооптовой торговли. Новые центры, в каждый из которых компания инвестировала 18 миллионов евро, начнут работу летом этого года в Рязани, Липецке, Ульяновске и Перми. Гендиректор российской дочки Metro Cash&Carry Андреа Франческо Мартинелли сделал это заявление сегодня в Москве в ходе конференции Института Адама Смита «Розничная торговля России и СНГ». По его словам, помимо уже названных компания рассчитывает открыть еще 3-4 магазина, однако регионы, где они появятся, не перечислил. «В некоторых из них пока еще идут переговоры, оформляются земельные участки», - сказал он.

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