SHANGHAI – Mapletree Investments Pte Ltd (“Mapletree”) and SF Express Co., Ltd (“SF”), are pleased to announce the official signing of a Cooperation Framework Agreement on 24 April 2018. Under the Agreement, the two companies will establish a long-term strategic partnership to collaborate in the field of logistics network.
SF, the leading express delivery service provider in the People’s Republic of China with a comprehensive range of logistics solutions for its customers, is the first domestic courier service company in China to own a cargo aircraft. It currently has a fleet of 57 aircrafts to service millions of packages daily. SF has also ventured overseas, providing courier services to 53 countries. Its network for international parcels delivery covers 225 countries/areas worldwide, and is continuously looking to further expand its global business.
As a leading real estate development, investment and capital management company headquartered in Singapore, Mapletree’s logistics business has a global footprint in the key countries. In China, it currently has logistics properties spread across more than 20 cities, and is expanding its presence to cover more areas within the country. In this strategic partnership, Mapletree will provide quality solutions, and customisation of warehouse facilities, in order to meet SF’s business requirements.
SF’s Head of General Affairs Centre, Mr David Zheng said, “As one of the leading courier service providers in China, SF is dedicated in providing our customers with fast, accurate, reliable, economical and quality delivery services. At the same time, we are also aggressively expanding our overseas business.”
“The good experiences while working with Mapletree on recent projects, as well as the strong support that Mapletree can provide with their established expertise in developing, managing and operating logistics facilities, prompted us to continue the strategic partnership. This will provide assurance to our business expansion, as well as ensuring our customers with quality services.”
“Mapletree and SF have maintained a strong working relationship. Our recent joint projects had also shown win-win results for both parties. Mapletree’s extensive experience and insights in logistics real estate will support SF’s growth plans. At the same time, we aim to provide customers with an edge in the competitive logistics industry. We are also hopeful in broadening the cooperation scope, to leverage on Mapletree’s global resources and networks to support SF’s expansion plans,” said Mr Lee Ark Boon, Mapletree Chief Executive Officer, Logistics Development, China.
“China’s rapid growth in its domestic consumer market has further boosted the demand for high quality modern warehouse facilities. To meet this demand, Mapletree will continue to expand our presence in the China market.”
