NIPPON EXPRESS HOLDINGS Completes Stock Acquisition of Cold Chain Bangladesh Limited
NX Logo: https://drive.google.com/file/d/1dqm0cxpYamnvMUra1AGXMuGlX932Z353/view?usp=drive_link
Photo of Ahmed Rajeeb Samdani (left), a shareholder of CCBL, and Katsuhito Kobayashi, President of Nippon Express (South Asia & Oceania) Pte. Ltd.: https://drive.google.com/file/d/1ufUYlDOF6mPZMK2i9A69ZxPg1jbLe2cU/view?usp=drive_link
The NX Group entered the Bangladesh logistics market in 2012 and has expanded the business primarily through providing international forwarding services, focusing on the apparel industry. Now, in response to growing demand for domestic logistics services and to expand its customer base in Bangladesh, the NX Group has decided to further strengthen its domestic logistics operations in the country.
CCBL, headquartered in Dhaka, Bangladesh, is a third-party logistics company specializing in domestic distribution logistics. CCBL has a nationwide logistics infrastructure with the capabilities for handling all types of goods, including those requiring temperature-controlled storage and transportation.
The NX Group's strategy is to strengthen its domestic Bangladesh logistics business by leveraging CCBL's domestic logistics network and assets, thereby capturing logistics opportunities arising from growing domestic demand. Further, by leveraging its global logistics network, including forwarding, the NX Group will provide end-to-end solutions for its customers' supply chains.
The NX Group aims to realize growth opportunities in Bangladesh at an early stage through this investment in the Bangladesh logistics market, thereby contributing to value creation for its customers and stakeholders.
Overview of CCBL(1) Company Name: Cold Chain Bangladesh Limited(2) Headquarters Address: Shanta Western Tower, Level-5, 501 & 502, 186, Gulshan-Tejgaon Link Road, Tejgaon I/A, Dhaka-1208(3) Sites and Facilities:- 13 sites in 10 cities in Bangladesh (with temperature-controlled storage, see site map below)- 50 vehicles (including temperature-controlled vehicles)(4) Representative: Rezaul Alam, President and CEO(5) Business: Logistics (warehouse deliveries, domestic truck transportation) and other value-added services
Site map: https://drive.google.com/file/d/15tGBLJxpCjEDUZUpyJkiBxJM6MWjPFi2/view?usp=drive_link
About the NX Group: https://drive.google.com/file/d/1g1Rtb9Mie5yhenpOr8A007kKolh1gBJ6/view?usp=drive_link
NX Group official website: https://www.nipponexpress.com/
NX Group's official LinkedIn account: https://www.linkedin.com/company/nippon-express-group/
View original content:https://www.prnewswire.com/apac/news-releases/nippon-express-holdings-completes-stock-acquisition-of-cold-chain-bangladesh-limited-302458554.html
SOURCE NIPPON EXPRESS HOLDINGS, INC.
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