Top > News Releases > "K" Line group obtained governmental permission to establish new logistics J/V company in Shanghai

November 17, 2003
Kawasaki Kisen Kaisha, Ltd.
(KLTL News No.5)

"K" Line group obtained governmental permission to establish
new logistics J/V company in Shanghai

Kawasaki Kisen Kaisha, Ltd. ("K" Line) and its group's logistics companies are very pleased to announce that they have obtained permission from the government of the People's Republic of China to establish and operate the new logistics company, Shanghai "K" Line Z.F. Logistics Co., Ltd (KLZF). Set to being in operation from December 2003, KLZF will be able to offer comprehensive logistics services to satisfy clients' evolving demand for logistics services in China. By taking advantage of KLZF's rational cost structure, as well as efficiency, KLZF is able to offer a wide ranging logistics services that covers Air, Sea and Land transportation to the customers.

Outline of the newly established company and its logistics service scope

Company name hanghai "K" Line Z.F. Logistics Co., Ltd.
Paid-in capital US$1,000,000
Address Room A&B, 4th Floor Shanghai Wan Zhong Building N.1303 Yan'An West Road 200050, Shanghai, PRC
Directors Mr. Yuzo Okuda and other 5 directors
Numbers of Employees 50 employees
Service Scope 1) Air Freight Arrangement (Customs brokerage, trucking and warehousing)
2) Sea Freight Arrangement (Customs brokerage, trucking and warehousing)
3) Buyers Consolidation (Agent for Century Distribution Systems, Inc.)

One of KLZF's main business activities will be air freight forwarding whereby KLZF, as an operating base in Shanghai for "K" Line Air Service's worldwide network, will be providing tailor-made service of air cargo export and import, door to door delivery, arrangement of customs clearance, consultation on trade /logistics in China among others.
For sea freight business, KLZF will be providing freight forwarding service such as customs brokerage, trucking and warehousing, to supplement current "K"Line group's activities in China, which is represented by the Liner Container Service of "K" Line (China) Ltd.,
Another core business for KLZF will be supply chain management (SCM) and total logistics. KLZF will represent "K" Line Group company Century Distribution Systems, Inc., whose Buyers' Consolidation services have been highly evaluated by many major North American importers for door-to-door SCM control centered upon Century's advanced IT platform, Enterprise-PCL®. KLZF will further grow and expand this first class logistics solution for suppliers and buyers in China.

"K" Line is aggressively expanding its worldwide logistics network, sales capabilities, and competitiveness. The establishment of KLZF will be a major step in the ability to meet customer logistics needs throughout China, and take advantage of new business opportunities resulting from China' membership in the WTO.

China Zhong Fu Enterprise Corporation, the joint venture partner started off as a welfare service provider and has developed into a holding company with interest in logistics, construction, medical, electronics and biochemical industry. It is believed that China Zhong Fu Enterprise Corporation will bring to KLZF the necessary local expertise which combine with the international network, as well as the sophisticated IT system that "K" Line Total Logistics has been providing, will result in a partnership that will be beneficial to KLZF's customers.

Operating in more than 280 locations in over 45 countries on six continents, "K" Line Total Logistics, (KLTL) was setup to deliver comprehensive supply chain management solutions to our clients. With well-developed capabilities across the globe, KLTL is able to deliver services and solutions on a local, regional or global basis. KLTL manages supply chain activities across industries and geographic regions to reduce costs, accelerate product movement and allow manufacturers and retailers to focus on their core business.

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