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HAVI, SF Holding to establish cold chain logistics firm in China

Published 14 March 2018

HAVI and SF Holding have entered into a joint venture agreement to establish a cold chain logistics company in China.

SF Holding will be the majority shareholder of the joint venture that involves a part of HAVI’s existing business in Mainland China, Hong Kong and Macau, specifically the logistics business (including domestic freight).

SF Holding is one of China’s leading comprehensive service providers of express logistics and it is committed to providing customers with integrated comprehensive logistics solutions.

SF Holding not only maintains solid growth in express delivery services but is also achieving a strong and differentiated competitive advantage by developing rapidly in new areas including heavy freight, cold chain service, medicine, inter-city Express and international business.

SF Holdings is optimistic about China’s cold chain logistics market and has been actively investing to support long-term growth in this area, which has already seen SF achieve promising results.

HAVI is a global, privately owned company that has been operating in China for close to 40 years focused on innovating, optimizing and managing the supply chains of leading brands and offering world-class expertise in cold chain and multi-temperature distribution technology.

HAVI has a strong track record in cold chain logistics and with the highest standards of quality and food safety at the core, HAVI has built a comprehensive cold chain service model that provides operational efficiency and accurate data analysis capabilities.

SF Assistant CEO Eddie Huang said: “SF is delighted to be partnering with HAVI to promote the growth and development of the cold chain logistics sector in China. HAVI is one of the world leaders in supply chain management and the synergies created by bringing together our respective resources and capabilities will create more value and opportunities for customers.

In the future, the new joint venture will be an open platform that will lead the industry in terms of business scale, growth rate and profitability and will continue to attract quality customers. At the same time, both parties will continue to devote more resources and efforts to becoming a benchmark for the cold chain industry and optimizing quality and food safety standards.

The joint venture will provide customers with more comprehensive and efficient cold chain solutions whilst effectively promoting the growth and development of China’s cold chain logistics industry.

Source: Company Press Release