The nation's first international logistics center in Kaohsiung will be shut down at the end of September because of a contract controversy between its owner and operator. More than 15 tenants in the center, including local branches of DHL, Federal Express and Sony, will be forced to leave their offices there at that time.
"We have no choice but to close it until our dispute with China President Logistics Inc (
The center, Taisugar Logistics Park (
Located in the Kaohsiung Multi-Functional Commerce & Trade Park (
However, as China President Logistics failed to reach the profit target stipulated in the contract ever since it started operation in January last year, Taisugar decided to terminate the contract with China President Logistics by the end of March, Kuan said.
China President Logistics, which initially invested NT$3 billion in the center and has incurred losses of NT$400 million so far, admitted its operation did not run as well as it expected, a company official told the Taipei Times yesterday.
"But we think Taisugar should also bear the responsibility for the business failure to some degree," said Hou Wen-ling (
In addition to the management disagreement with Taisugar, Hou also attributed the center's failure to the slow economy. Taiwan saw its economy grow 3.59 percent in 2002, after witnessing a negative growth of 2.18 percent the previous year.
Hou said the passage of a new free-trade-zone law is expect to develop Kaohsiung port into a free trade port and so bring in a considerable amount of business to the center. The Legislature last month passed the Statute for Establishment and Management of Free Trade Ports (
"But we're sorry to see Taisugar made such a decision ? the business was actually starting to improve. Taisugar's decision drove off many prospective clients," Hou said.
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