Partnership to strengthen IFF capabilities in South Asia
Kerry Logistics Network recently announced a new joint venture, Kerry Logistics Lanka (Kerry Lanka), formed with IAS Holdings in Sri Lanka to strengthen its international freight forwarding (IFF) capabilities in South Asia, the Asia-based, global 3PL services provider said in a press release.
Headquartered in Colombo, Sri Lanka, Kerry Lanka sits at the strategic crossroads of East Asia, South and South East Asia, Africa and Europe. As part of Kerry Logistics’ South Asia operation, Kerry Lanka operates an office in Colombo, as well as a bonded facility and office for export purposes at the Bandaranaike International Airport.
In 2019, 46% of the total export of Sri Lanka derived from the textiles and garments industry, amounting to US$ 5.6 billion, according to the Central Bank of Sri Lanka’s external sector performance review.
Kerry Logistics’ expansion to Sri Lanka will enable it to tap into the opportunities on the island nation by offering a suite of services consisting of air and ocean freight, customs brokerage, inland trucking, multi-country consolidation, project cargo, warehousing and other multiple services, the press note continued.
“The forming of the joint venture also marks the deepening of our presence in the South Asian subcontinent, rounding out our full suite of services in the region,” commented Patrick Cheah, Executive Director – Global Air, Kerry Logistics.
In addition to Kerry Indev Logistics in India, Kerry Logistics has also established a subsidiary in Pakistan in 2018 to extend its footprint in the Indian subcontinent.
IAS Holdings is an investment company in Sri Lanka with diversified businesses including airline GSA business and international transportation.
