Japanese intermodal transport operator Senko Co is ignoring reports of a slowdown in the mainland economy to open a joint-venture logistics firm in Guangzhou. The firm - Guangzhou Senko Logistics Co (Guangzhou Senko) - began commercial operations this month on premises belonging to Guangzhou Es Fibre Co (GEF). The new firm, capitalised at US$200,000, is 100 per cent financed by the Japanese firm. Following the granting of approval to the joint venture by the Commission of Foreign Economic Relations and Trade of Guangdong in February, Guangzhou Senko obtained a business licence from the State Administration of Industry and Commerce. Guangzhou Senko is the Japanese parent firm's third mainland unit, joining Dalian FTZ Best International Trade and Logistics Co and Wantong International Logistics Co in Beijing. Guangzhou-Senko will focus activity on the supervision and training of GEF employees in stock control and clerical operations, arranging shipment of GEF products to domestic and foreign markets and providing transport services to customers and subsidiaries doing business south of Shanghai. Guangzhou-Senko also is considering expanding its business to include transport services and export-import operations for Japanese affiliated firms doing business throughout the mainland. Through the establishment of a foothold in the industrial/commercial hub of Guangzhou and transferring advanced technical know-how from Japan to mainland staff, Guangzhou-Senko will provide all-round logistics services, including transport to and from Japan, the mainland and the US as well as general logistics services throughout the mainland.