| DHL is set to expand its Philippine supply chain business with a $25 million investment.
Frank Appel, chairman of the board and chief executive of Deutsche Post DHL said DHL is committed to expand in the Philippines and “plans to invest $25 million in the next two years.” He said the investment will be poured into the express and supply chain businesses. “We have seen a very healthy growth in the Philippines in recent years and we see Philippines as a very promising market for many industries, and also for ours because we are helping many industries to develop their business,” Appel said. The Philippine economy grew by 7.6 percent in the first six months of the year, among the fastest in Asia and higher than the government’s full-year target range of 6-7 percent. DHL operates four businesses, namely express, global forwarding, supply chain and mail. According to its website, DHL Philippines employs 400 and serves over 100 cities and provinces nationwide. It has over 200 outlet locations. DHL has about 475,000 employees in more than 220 countries and territories, generating more than 55 billion euros in revenues. |
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