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We’ve joined with CJ Logistics, DSC Logistics announced that DSC Logistics, CJ Logistics USA and CJ Logistics Canada have joined together under one combined operating company named CJ Logistics America, LLC. DSC Logistics completed the transfer of majority ownership to CJ Logistics USA, a subsidiary of CJ Logistics based in Seoul, South Korea, back in August 2018. CJ Logistics America, LLC* 438. Leaders from both companies reflected on 2019 and recognized the efforts and results of the DSC-CJL team. It is not uncommon for a Korean company to acquire a US company, but a corporate merger is a rare case, and it is considered to have reflected the strong will of CJ Group Chairman Lee Jay-Hyun who claims that they must “lead an evolution of the global logistics business beyond Asia”. Get the big picture on a company's affiliates and who they do business with. “Our customers remain at the center of all we do, and we are excited about the opportunity to increase the value we provide for them.”
Stock analysis for CJ Logistics Corp (000120:Korea SE) including stock price, stock chart, company news, key statistics, fundamentals and company profile. It will also upgrade its logistics service, which originally focused on the United States. : 110-81-05034/ CEO : Keun-Hee Park CJ Logistics Co. The company will be doing business as DSC Logistics in the U.S. through 2020, with plans to rebrand as CJ Logistics starting in 2021.DSC Logistics completed the transfer of majority ownership to CJ Logistics USA, a subsidiary of CJ Logistics based in Seoul, South Korea, back in August 2018. The total number of employees has likewise increased to over 4,200.By launching this joint corporation, CJ Logistics anticipates global sales targeting multinational companies instead of sales that had previously been focused primarily on Korean companies overseas. DSC/CJ was profiled in the June “Lean and Green” edition of Inbound Logistics in a G75 special section — the 75 leading companies to turn to when seeking green supply chain management and logistics partners.
The logistics business can now be expanded from food and consumer goods to higher value-added businesses like cold chain, electrical and electronic engineering, thereby securing a solid base for growth and differentiated competitiveness.CJ Logistics also plans to upgrade its global logistics service through this corporation. Over 70 establishments have now been integrated for transportation and forwarding along with the 2.8-million ㎡ warehouses in the US and Canada, which amounts to the size of over 400 soccer fields. The CJ Logistics' branches in America and Canada had only been targeting Korean companies there as customers, but the new joint corporation will expand to target global firms.
“Both companies will join forces to provide better services.”CJ Logistics has also been building global networks throughout Asia in areas such as China, Southeast Asia, India, the Middle East and Central Asia with aggressive M&As and joint ventures since 2013. Some of the corporations that they had already been in business with, such as ‘CJ Logistics Canada,’ will be incorporated into ‘CJ Logistics America’ as a subsidiary. As of February 1, 2020, the company is wholly owned by CJ Logistics Holdings America Corporation. There are a total of 280 square kilometers of warehouse space there along with 70 facilities established for shipping. As of February 1, 2020, the company is wholly owned by CJ Logistics Holdings America Corporation. 1750 S WOLF RD, ATTN LEGAL DEPT; DES PLAINES; 60018; IL; United States ; Agent Name … He acquired two American firms between 2018 and 2019. “By launching this corporation, we plan to provide the world’s top-level logistics service.
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