Dutch express firm TNT plans aggressive China expansion
Dutch postal and express company TNT NV is targeting aggressive expansion in China by developing its own transportation network
BEIJING (XFN-ASIA) - Dutch postal and express company TNT NV is targeting aggressive expansion in China by developing its own transportation network, the Wall Street Journal said, citing company officials.
The relatively undeveloped Asian express-mail market, especially in China, is expected to expand rapidly in the next few years and TNT wants to be the clear leader in the region, the company said.
'We are committed to growing the business, both by organic growth and acquisitions,' the report cited TNT CEO Peter Bakker as saying at a recent company gathering in Amsterdam.
Growth has to come from fortifying TNT's position in Europe and aggressive expansion in Asia, the newspaper cited him as saying.
China, with 3.5 bln usd in express-mail revenue in 2005, is set to become the world's sixth-largest market by 2010, provided it continues to expand by an average of 20 pct a year, the report added, citing market research firm Datamonitor.
The relatively undeveloped Asian express-mail market, especially in China, is expected to expand rapidly in the next few years and TNT wants to be the clear leader in the region, the company said.
'We are committed to growing the business, both by organic growth and acquisitions,' the report cited TNT CEO Peter Bakker as saying at a recent company gathering in Amsterdam.
Growth has to come from fortifying TNT's position in Europe and aggressive expansion in Asia, the newspaper cited him as saying.
China, with 3.5 bln usd in express-mail revenue in 2005, is set to become the world's sixth-largest market by 2010, provided it continues to expand by an average of 20 pct a year, the report added, citing market research firm Datamonitor.
