Guangzhou, CHINA, 27 April 2012 -
Leading Singapore-based logistics and supply chain management (SCM) company YCH Group today signed an MOU (Memorandum of Understanding) with the Guangzhou Transportation Group (“GTG”) to establish a Joint Venture (JV) to develop and co-manage a 4.5 hectare logistics and distribution hub to offer supply chain services for Guangzhou from the strategically-located Tianhe District. The MOU was signed at Tianhe’s Yaozhong Plaza by Chairman of GTG Mr Yang Jiansui and Chairman of YCH Group Dr Robert Yap. Director General of Guangzhou Transportation Commission Mr Xian Weixiong and Consulate General of the Republic of Singapore in Guangzhou Mr Loh Tuck Wai were among the VIPs who witnessed the signing. Under this collaboration, GTG and YCH will jointly offer end-to-end supply chain solutions ranging from warehousing, transportation and distribution to SCM optimization, value-add activities as well as cold chain management, for China’s third largest city.
Chairman & CEO of YCH Group Dr Robert Yap and Chairman of GTG Mr Yang Jiansui seal the partnership with a handshake after signing the MOU.
Recognizing YCH’s Asia Pacific niche, and in particular its China-centric focus, GTG decided to pick YCH as its strategic partner to conquer the rapidly expanding Guangzhou consumer market. GTG Chairman Mr Yang Jiansui said "To meet Guangzhou’s increasing demand for leading-edge logistics solutions, we needed to team up with a partner that could demonstrate detailed know-how in enhancing the sustainability of our city to serve our growing population and their consumption needs. We chose the Singapore-based YCH as our strategic partner because of the Group’s extensive experience, strong management capabilities and excellent track record servicing various global brand owners and manufacturers. With YCH’s competitive advantage and strong influence on both the global and Asian supply chain landscapes, I believe that YCH and GTG will be able to synergize our individual unique capabilities to jointly develop a world-class, topnotch distribution hub and logistics enterprise, and contribute to the advancement of South China region as well as Guangzhou’s city development."
As the largest city in Southern China, and a strategic location in the heart of the planned "Pearl River Delta Mega City" with an estimated 40 million population, Guangzhou has always been a key national transportation hub and trading port for China. Teeming with global and local manufacturers, with almost half of all Fortune 500 companies having already launched their investments in Guangzhou, opportunities for consumption-driven logistics and value-added services are tremendous in the pulsating city that has been defined as a key commercial and manufacturing hub for the world’s most populous country.
Dr Robert Yap, Chairman & CEO of YCH Group said "As China continues to grow exponentially in terms of population and consumer affluence, robust transportation and distribution networks supported by innovative SCM solutions are imperative for the growth of sustainable cities. We are delighted to be able to partner the highly respected state-owned GTG which provides us a brilliant avenue to enhance our platform to achieve an expedited and deeper presence into the Southern China region through this collaboration in Guangzhou. Resonating with our distinct Asia strategy, YCH takes pride in being able to deliver the intrinsic value of true network and connectivity to our MNC customers with our firmly-established Pan-China network as they expand in this region and beyond."
Mr Yew Sung Pei, Assistant CEO of International Enterprise (IE) Singapore said, "It is important for Singapore companies operating in China to have the right key contacts. IE Singapore is pleased to have successfully facilitated this partnership between YCH and Guangzhou Transportation Group. The local transport authority found a great partner in YCH, who will help improve the Group’s overall logistic efficiency, integrate their cold chain services and meet the rising needs of consumers in Guangzhou."
YCH is one of the pioneer Singapore firms to enter the Chinese market, in Shanghai in the mid 1990s. It has since built a comprehensive logistics network in the country with presence in gateway cities across the Eastern, Western, Northern and Southern zones of China. Some of its key hubs and state-of-the-art DistriParks are located in key nodes such as Shanghai, Beijing, Chendgu, Hangzhou, Suzhou, Kunshan, Xiamen, Macau and Hong Kong, where it services MNC customers such as Dell, Motorola, Compal, Samsung, Carrefour and Mary Kay.
About Guangzhou Transportation Group
Guangzhou Transportation Group Co., Ltd. (GTG) is a large state-owned transport enterprise commissioned by the Guangzhou Municipal People's Government. Its business scope of offerings includes passenger transportation, cargo freight management, station operation, city taxis, car rentals, vehicle maintenance, traffic rescue and recovery, driver training, professional wholesale markets, as well as passenger and cargo transport management spanning across Guangdong province and Hong Kong.
GTG is one of the largest road transport company in South China. As one of the top 100 Chinese transportation enterprises and top 500 Chinese enterprises in Guangdong Province, the Group has a total of nearly 5 billion worth of assets, and more than 700,000 square meters of operating space. With a headcount of more than 10,000, GTG runs a first-class domestic passenger transportation system in China, and is also well recognized for its freight management operations. Operating a total of 14 passenger stations, more than 200 tourist transportation routes and over 3000 taxis and 1000 passenger vehicles, GTG also holds shares to operate 200,000 tonnes of domestic coastal shipping fleet.
About YCH Group
Founded in 1955, YCH Group is the leading integrated end-to-end supply chain management and logistics partner to some of the world's largest companies, including Dell, Motorola, Samsung, LG, Exxon Mobil, Unilever, LVMH and Royal FrieslandCampina. YCH Group's suite of innovative award-winning end-to-end supply chain management solutions - Intribution™, Intrabution™, Retrogistics™, Y-Merge™ and V-Hub™ - employ cutting edge web-technologies that are best-in-class across industry clusters from consumer and electronics to chemical and healthcare, to deliver powerful competitive advantages for customers. The Singapore-based company currently operates throughout Asia-Pacific, including Malaysia, Thailand, Indonesia, Philippines, Hong Kong, Australia, China, India, Vietnam and Korea.
A strong proponent of innovation, YCH is recognized for its 7PL™ approach in seamlessly integrating supply chain strategy with execution to attain success in the SCM industry. YCH attained the highly-regarded Singapore Innovation Class in October 2005 and clinched Top Honours as Winner of the IDC Enterprise Innovation Awards 2010. As a forerunner in worldwide supply chain security, YCH is the first recipient of the ISO 28000: 2007 certification for excellent security management in the global SCM industry. YCH also won the prestigious National Infocomm Award 2008 for its RFID-enabled ‘High Performance Supply Chain Nerve Centre’ and was conferred the ‘Asian 3PL of the Year’ award by Supply Chain Asia for four consecutive times from 2007 to 2010. More recently, YCH was named ‘Most Admired Large Enterprise (Innovation)’ in the high-level ASEAN Business Awards 2010 and ‘Enterprise of the Year’ at the Singapore Business Awards 2011.
More information about YCH can be found on www.ych.com
For media enquiries, please contact:
Ms Tien Yushan, YCH Corporate Communications at firstname.lastname@example.org or (65) 6417 2773 / 9772 7150