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AEI Forms Logistics Company In Shanghai; Opens Its First Distribution Center In China
DARIEN, CT USA (July 13, 1999) -- AEI said today it has formed a logistics company in Shanghai, China, to capitalize on the accelerating demand for third-party supply-chain management services in China's eastern central
region.
The new company, AEI Logistics (Shanghai) Co. Ltd., will operate AEI's first
full-service distribution center on the Chinese mainland. The center is in the
Pudong Waigaoquao Free Trade Zone, located about 40 miles from the heart of
Shanghai. The 25,000 square-foot facility is situated 20 miles from the
proposed Shanghai airport-- which is set to open by year's end-- is a
10-minute drive from Shanghai's busiest port, and is within walking distance
of the city's customs house.
The logistics center can accommodate more than 1,600 pallets, but also has
capacity for loose, bulk cargoes. The facility has space for AEI's
professionals to perform value-added services such as pick-and-pack, kitting,
labeling and light assembly. The center was built with a four-tier racking
system that can be modified to cater to the warehousing needs of individual
customers.
The opening of the Shanghai logistics center is the latest step in AEI's
expansion into the Chinese logistics market. Last year, AEI opened offices in
four Chinese cities, bringing the number of locations to 13 where it has a
presence. AEI operates through its "Class A' freight forwarder's license,
giving it near-unmatched operating flexibility within China.
AEI's logistics information system, LOGIS® been installed in all
offices, enabling a seamless electronic communications link between China and
locations in 134 countries. The new Shanghai center is also equipped with
LOGIS-WMS; AEI's warehouse management system that links to LOGIS providing a
seamless platform for warehouse and inventory management and the tracking of
shipments while in transit. The system includes multi-warehouse visibility,
purchase order management; EDI and customizable reporting features.
"Encouraged by the Chinese government's pro-growth policies, Shanghai and its
surrounding areas have become magnets for foreign investment," said Theo
Gleichman, AEI's vice president, northeast Asia. "Multi-national companies are
entering the region in record numbers, notably in the high-tech and retailing
sectors. The result has been a growing demand for third-party logistics
services. The new center is the latest step in our commitment to maintain a
leadership role in China's dynamic logistics industry."
Headquartered in Darien, CT, AEI is a world leader in integrated logistics
services, delivering multi-modal transportation, warehousing and distribution,
customs brokerage, consulting, and information management solutions across a
network of 705 locations in 135 countries.
For further information please contact:
Candace Bouchard
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