DHL Express to invest EUR 750 million in Asia Pacific region
NEW DELHI: Logistics firm DHL Express on Thursday said it will invest EUR 750 million (about Rs 6,600 crore) in the Asia Pacific region on the back of e-commerce growth.
DHL Express will invest EUR 690 million between 2020 and 2022 to build or expand its facilities in key growth markets of Australia, Japan, Hong Kong SAR and South Korea, the company said in a statement.
Equally, it intends to spend close to EUR 60 million to bolster its Asia Pacific air network such as introducing direct, new and frequent flight routes, it added.
“The pandemic has caused unparalleled changes to the air cargo industry and it will likely take a long time for the industry to recover to pre-pandemic levels.
