DB Schenker opens new subsidiary in Bangladesh

_A Monitor Report 01 Jul, 2019 | 385 Views|-+
Dhaka : DB Schenker has opened its new entity in textile hub Bangladesh, identifying it as a priority market for the global freight forwarder based in Germany.

"Whereas before, customers relied on the service of a partner, Schenker Logistics (Bangladesh) Limited will now be fully operational as a local entity under the global freight forwarder's India cluster organization," said a logistics spokesperson.

"The new Bangladesh subsidiary is now part of the global DB Schenker network, with 2,000 locations in more than 130 countries."

Jochen Thewes, Chief Executive, DB Schenker said, "As one of the priority markets for our Indian subcontinent, the move to establish our own entity in Bangladesh will greatly enhance DB Schenker's service portfolio in the subcontinent."

Bangladesh is the world's second largest exporter of apparel after China.

The new entity will have two offices, in Dhaka and Chattagram, with over 150 employees across the core product offering which includes airfreight, ocean freight and contract logistics spread across six vertical markets - aerospace, electronics and solar semiconductor, automotive, retail and consumer, healthcare and industrial and chemical.

DB Schenker has been operating in Bangladesh since 2007, via an exclusive network partner SG Logistics (Pvt) Ltd (SGL).

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