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GLP tightens its grip on China's logistics industry

Published Mon, Sep 15, 2014 · 04:09 AM
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GLOBAL Logistic Properties (GLP) has signed a strategic partnership with China's largest state-owned logistics company to develop a national network of logistics facilities there.

The deal with Sinotrans Logistics Investment Holding will strengthen GLP's position as the top logistics solution provider in China, GLP said yesterday.

The companies will initially develop logistics facilities in Shanghai and Guangdong. GLP will use its expertise in the development and management of logistics parks, while Sinotrans will focus on logistics operations and land-sourcing, GLP said.

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