Press release
TNT Logistics to provide value-added services to Isuzu
TNT Logistics in Thailand has been awarded a 5 year-contract by Isuzu Motors to provide value-added services such as Complete Knock Down operations and exports of parts and components from Thailand to Isuzu facilities around the world. The contract, which has a total value of 40 million Euros, is the largest automotive logistics contract ever awarded to a third-party contract logistics provider in Thailand.
TNT Logistics will pack car parts in standardised formats and ship them in cases and sea containers to the Philippines, Malaysia, South Africa, Kenya, Egypt, Tunisia, Columbia, Ecuador and Chile, where the parts will be used for local assembly.
For the contract TNT Logistics will handle packaging design, procurement, scheduling, quality inspection, production control, containerisation and transport management. A 35,000 square metre warehouse facility in Chachoengsao will act as the gateway for the whole operation and will be the collection point for over 170 parts suppliers. TNT Logistics expects to handle over 35 forty-feet containers per day and over 2.2 million packages per year. Over 300 TNT Logistics employees will be involved in the contract.
TNT Logistics is the global leader in automotive logistics, providing specialist sector expertise and skills and serving the main car and tyre manufacturers world-wide.
About TNT Logistics
TNT Logistics is a leading global logistics company. It designs, implements and operates complex supply chain solutions on a national, regional or global scale for medium to large enterprises. It exploits technology to achieve optimisation, integration and visibility throughout the supply chain. The company focuses on a diverse range of market sectors including automotive, tyres, electronics, consumer goods, utilities & telecom and publishing & media.
TNT Logistics employs more than 37,000 people, who are operating in 36 countries, managing over 7.1 million square metres of warehouse space. In 2003, TNT Logistics reported sales of €3.735 billion. In the first half of 2004 TNT Logistics EBITA increased to 53.7% compared to the same period in 2003. The TNT Logistics web site address is: www.tntlogistics.com.
TNT Logistics is a division of TPG. With its two brands TNT and Royal TPG Post, TPG is a global provider of mail, express and logistics services. The group employs around 160,000 people in 64 countries and serves over 200 countries. For 2003 the company reported sales of €11.9 billion. TPG N.V. is publicly listed on the stock exchanges of Amsterdam, New York, London and Frankfurt. The TPG web site is: www.tpg.com.
For more information contact
Daphne Andriesse, Press Officer TPG Media Relations
Tel: + 31 20 500 6224
Mobile: +31 6 109 187 90
E-mail: Daphne.Andriesse@tpg.com