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The Jardine group's logistics arm is setting up a joint venture to provide one-stop supply-chain logistics services in the rapidly growing mainland market.

 Jardine Logistics, China Communication and Transport Association (CCTA) and China National Transport Machinery Import & Export Co will be shareholders in the joint-venture - Jardine-CCTA Logistics Services - which starts officially in January.

 'As with many companies, we've taken this economic downturn as an opportunity to really streamline our operations throughout Asia,' said Vincent Wong, president of Jardine Logistics.

 When companies looked hard at improving efficiency and the cost-effectiveness of forwarding and logistics, outsourcing logistics to specialists such as Jardine Logistics often was the best option, he said.

 The joint venture, which will trade under the Jardine Logistics brand, will be managed by Jardine Logistics, the majority shareholder in Jardine-CCTA.

 The business group was awarded a class A forwarding licence on August 2 by the Ministry of Foreign Trade and Economic Co-operation, enabling it to engage in land, sea and air-freight forwarding.

 Jardine-CCTA will start operations in Beijing in the first year and then extend to cities such as Tianjin, Shanghai, Dalian, Qingdao, Xiamen, Guangzhou and Shenzhen from 2001 onwards.

 Jardine Logistics has been operating in the mainland for more than a decade with a liaison-office network covering Beijing, Tianjin, Dalian, Qingdao, Shanghai and Shenzhen. It can now offer a full range of sales and marketing, booking, warehousing, transshipment, groupage and consolidation, customs declaration, cargo inspection, cargo insurance, domestic forwarding and logistics consultation.

 Jardine Logistics, capitalising on the 30-year experience of its parent company, the Jardine Matheson group, in moving freight, projected growth of 23 per cent in sea freight and 18 per cent in air freight this year.

 Air and sea-freight growth was expected to come from key routes such as France, Britain, the United States, Germany and Holland, with intra-Asia trade also expected to show good increases.

 The company said that warehousing and distribution capacity had improved, particularly in Hong Kong.

 Jardine Logistics now manages about $1 billion worth of wines and spirits stock for customers including Calbecks, Riche Monde and most recently Casella.



Jardine Logistics sets up venture on the mainland