Kerry Logistics Network (KLN) and Hengan International Group Company Limited, a Chinese producer of sanitary products, have set up a joint venture for business-to-business bulk distribution and wholesale market of medical, healthcare and hygiene products. The joint venture company was established to meet demand of customers in both the public and private medical and healthcare sectors. It will also be supported by the “Banitore” brand of products, owned by Hengan Group.
In 2020, KLN and Hengan Group worked together to meet the community’s high demand for pandemic-related medical, healthcare and hygiene products including masks, gloves and toiletries. Now, by combining KLN’s capabilities in domestic logistics and distribution and Hengan Group’s sourcing power and comprehensive portfolio in hygiene products, the joint venture company hopes to be highly competitive in the market.
William Ma, Group Managing Director of KLN, said: “This joint venture will not only enable the two companies to explore more growth opportunities in the medical, healthcare and hygiene products market, but also create a unique competitive edge for us to support our customers in meeting new challenges through the pandemic.”
Tommy Hui, Executive Director of Hengan Group, added: “We will be leveraging Hengan Group’s leading position in the production of hygiene consumables in the China market and KLN’s established network in China and the rest of Asia, broad customer base as well as trusted track record in domestic logistics in Hong Kong.”
Future plans for the new joint venture company includes expanding its business into other Asian countries and territories.
Source: Kerry Logistics Network
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