newstodate.aero
JUL 21, 2003 (newstodate): TPG has landed the largest automotive inbound logistics
contract awarded in China to date.
The contract has been signed through its Chinese logistics joint venture ANJI-TNT Automotive Logistics Company, part of its
TNT Logistics division.
The five-year contract is expected to entail revenues of over EUR 100 million for TPG.
In 2001-2002, the automotive market has been a booming in China with a 56% sales growth rate in locally produced passenger cars. Similar growth rates are also being experienced in 2003. SVW is the biggest single producer of passenger cars in the local market. The Volkswagen Group, through its joint ventures with SAIC and with FAW (First Auto Works), is the largest car manufacturer with 44 percent share of the Chinese market share in 2002.
The scope of the contract covers all local inbound logistics activities to support SVW production in three separate assembly plants and two engine plants in Anting near Shanghai. As part of SVW's expansion plans for the
Chinese market, the company also intends to launch regular new model programmes with one new model already launched in 2003 to add to the four
already being produced. This development in the range of models will add further complexity to the supply chain.
contract awarded in China to date.
The contract has been signed through its Chinese logistics joint venture ANJI-TNT Automotive Logistics Company, part of its
TNT Logistics division.
The five-year contract is expected to entail revenues of over EUR 100 million for TPG.
In 2001-2002, the automotive market has been a booming in China with a 56% sales growth rate in locally produced passenger cars. Similar growth rates are also being experienced in 2003. SVW is the biggest single producer of passenger cars in the local market. The Volkswagen Group, through its joint ventures with SAIC and with FAW (First Auto Works), is the largest car manufacturer with 44 percent share of the Chinese market share in 2002.
The scope of the contract covers all local inbound logistics activities to support SVW production in three separate assembly plants and two engine plants in Anting near Shanghai. As part of SVW's expansion plans for the
Chinese market, the company also intends to launch regular new model programmes with one new model already launched in 2003 to add to the four
already being produced. This development in the range of models will add further complexity to the supply chain.