Wed, Jan 23, 2013 - Page 14 News List

Dimerco plans to add eight more bases worldwide

By Amy Su  /  Staff reporter

Dimerco Express Group (中菲行國際物流), which offers freight-forwarding and logistics services, expects to expand its operation nodes to more than 150 this year, from the current 143 self-operating bases, an official said yesterday.

The expansion plan, as well as a mild recovery in global economy, may help raise the company’s sales and profitability this year, back to the level recorded in 2011.

“We hope to accelerate the company’s expansion pace this year from last year on the back of improving global economic sentiment,” Dimerco chief operations officer Edward Lin (林天送) told a press conference.

The logistics company is set to launch eight self-operating bases this year, with three in China, three in the US and one each in Canada and the Netherlands.

Lin said the company would also hold a more positive strategy this year by enhancing its capabilities in the customs clearance, logistics and insurance brokerage business for its clients.

“These small business segments could be a major factor in attracting clients as more companies hope to find a freight-forwarding service provider offering one-stop service,” Lin added.

TEAMING UP

Eyeing potential business opportunities in the ASEAN market, Lin said Dimerco planned to team up with local businesses. He said the company was considering forming joint ventures or establishing strategic partnerships with related companies in the region.

Dimerco posted NT$14.62 billion (US$502.5 million) in consolidated sales last year, down 0.73 percent from a year earlier from NT$14.72 billion recorded in 2011, the company said in a stock exchange filing.

Consolidated net income totaled NT$102.77 million, or NT$0.8 per share, in the first three quarters of last year, down from NT$167.17 million, or NT$1.27 per share, recorded during the same period in 2011, company data showed.

Its shares rose 0.27 percent to close at NT$18.4 on the over-the-counter GRETAI Securities Market yesterday.

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