Kerry Logistics forms JV in Indonesia

Kerry Logistics has announced the formation of a new joint venture – Kerry-Puninar Logistics – with the shareholders of PT Puninar Saranaraya (Puninar Logistics), one of Indonesia’s largest logistics companies for business expansion in Indonesia.


Kerry Logistics forms JV in Indonesia


Kerry Logistics has announced the formation of a new joint venture – Kerry-Puninar Logistics – with the shareholders of PT Puninar Saranaraya (Puninar Logistics), one of Indonesia’s largest logistics companies for business expansion in Indonesia.

At the inauguration reception of the joint venture held in Jakarta, Kerry Logistics chairman George Yeo and Puninar Logistics president director Eddy Korompis shared the common vision of generating synergies and further expanding their businesses.

The joint venture will allow the two partners to leverage each other’s competitive strengths by combining Kerry Logistics’ global logistics expertise and international freight forwarding network with Puninar Logistics’ local capabilities and connections. This will give customers in Indonesia access to complete supply chain solutions and a globally integrated network. In addition, Puninar Logistics will also be able to expand its international customer base.

George Yeo, chairman of Kerry Logistics said: “As an archipelago, Indonesia has high demand for quality inter-island logistics services, which translates into immense growth opportunities. By enabling customers to optimise their supply chains with our integrated logistics services and highly customised solutions, we believe we are well-positioned to capture opportunities in the rapidly growing Indonesian logistics market.”

Indonesia’s economy and logistics industry are poised to benefit from the free flow of goods and services from the launch of the ASEAN Economic Community (AEC) in 2015. As a vast country comprising over 17,000 islands and hosting a population of over 240 million, the country has seen a surge in local consumption in recent years to a level comparable to Singapore and Thailand, with significant economic activity in the pipeline. All of these factors have contributed to a very favourable environment for the growth of local logistics businesses in the region, the company said.