DHL has signed a concession agreement with the Incheon International Airport Corporation to implement its investment of €131m for further expansion of its gateway in South Korea. John Pearson, CEO of DHL Express, expressed “our new investment, the largest one for South Korea so far, helps to connect the world even more and to further improve transit time of global trade and on the trade lanes to Asia”.
The expansion of Gateway, located next to Incheon International Airport – currently the world’s fourth busiest cargo handler – came after DHL Express saw a growth of over 45% in shipment volume since 2008. Ken Lee, CEO of DHL Express Asia Pacific, said, the location “occupies a vital strategic position along key routes between South Korea and countries like Singapore, Taiwan, Hong Kong and China”. The expanded facility will see an increase of almost 200% of gross floor area, updated with technologies to provide a more efficient delivery handling process.
More technical upgrades including magnetic speed controllers and a fully-automated X-ray inspection machines promise to increase the Incheon Gateway’s total handling of parcels and documents by over 150%. The facility will also incorporate a range of ‘greens’ features such as the use of solar power and energy-efficient lighting system to achieve CO2 reduction.
When completed in Q2 2022, the Incheon Gateway will be DHL Express’s largest gateway in Asia Pacific.
Source: Deutsche Post DHL Group
