DB Schenker boosts South Asia network with new subsidiary in Bangladesh
SCHENKER Logistics (Bangladesh) Limited is now fully operational as a local entity under the global freight forwarder's India cluster organisation
SCHENKER Logistics (Bangladesh) Limited is now fully operational as a local entity under the global freight forwarder's India cluster organisation. Previously, DB Schenker provided services to customers through SG Logistics (Pvt) in a country that is the world's second largest exporter of apparel after China.
The new Bangladesh subsidiary is part of the parent company's global network that comprises 2,000 locations in 130 countries.
'As one of the priority markets for our Indian subcontinent, the move to establish our own entity in Bangladesh will greatly enhance DB Schenker's service portfolio in the subcontinent,' said CEO Jochen Thewes in a statement.
The company said the Bangladesh subsidiary will play a 'pivotal role in strengthening DB Schenker's position as a leader in the global textile market.'
The new entity will have two offices, in Dhaka and Chattagram, with 150 employees across the core product offering (air freight, ocean freight, contract logistics, land & cross border transportation, global projects and fairs & exhibitions), spread across six vertical markets: aerospace, electronics & solar semiconductor, automotive, retail & consumer, healthcare and industrial & chemical.