GLP has signed a new lease agreement for 11,000 sq m (118,000 sq ft) with YAPP Automotive Systems Co. in Southern Brazil. YAPP is a Chinese state-owned auto parts manufacturer which supplies auto parts to car manufacturers globally. YAPP already leases with GLP in China and has chosen to partner with GLP for its business expansion into Brazil.
Jiang Lin, Vice President of YAPP, said: “GLP understands our business. They have a portfolio of premium locations in key markets globally and their strong global network helps us drive value and enhance efficiency. GLP’s global team was very supportive in helping us expand into Brazil seamlessly and we are very pleased to strengthen our partnership in a new market.”
Stephen Schutte, Chief Operating Officer of GLP added: “We are pleased to strengthen our collaboration with YAPP and support their business expansion in a new market. GLP’s size and scale generates a “Network Effect” enabling customers to expand and optimize their distribution network in the best warehouse locations. Approximately 70% of our leasing is driven by existing customers and we look forward to leveraging our market-leading global network to grow with our customers.”
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