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As part of its Asian expansion plan, Yamato Transport (HK) Ltd today (February 18) announced the official opening of its new office in Hong Kong on February 8. The new office heralds the expansion of Yamato's Ta-Q-Bin door-to-door, business-to-consumer express courier service in Hong Kong and Southern China.
Yamato Transport's aim is to transport customers' bulky items with little fuss and at a competitive price throughout the city. Its Hong Kong office will operate Ta-Q-Bin services including International Ta-Q-Bin (through international connections), Cool Ta-Q-Bin (frozen and chilled courier service) and Collect Ta-Q-Bin (payment collection courier service for online shopping and direct delivery). The company is also partnering with local convenience chain store Circle K and clothing service provider Clean Living to develop and provide related courier services with parcel dispatch in most of its branches.
Managing Director of Yamato Transport (HK) Ltd, Mr Junta Maejima, said, "There are several reasons why we invested in our operations in Hong Kong. It has a vibrant economy and it is easy to do business here because of its level playing field, freedom of trade and rule of law. In addition, Hong Kong is at the heart of Asia and with its geographical proximity to Southern China, it will serve as a strategic base for our further expansion into the region."
Mr Maejima is confident of the company's business prospects in Hong Kong. He said, "Our initial investment in this office is HK$170 million and we are employing 100 staff, including 70 drivers and 30 office staff. In about five years' time, once the Asian network is fully in place, we expect to employ around 1,000 people in Hong Kong."
Director-General of Investment Promotion at Invest Hong Kong, Mr Simon Galpin, said, "We are delighted to have Yamato Transport (HK) Ltd establish its business in our city. The company's substantial amount of investment signifies a strong vote of confidence to Hong Kong and our business environment."
Mr Galpin added, "The trading and logistics industry is one of the four pillar industries of Hong Kong. Yamato Transport's presence in Hong Kong will certainly bring a positive impact to our local employment market and future economic development."
About Yamato Transport (HK) Ltd
Established in 1919, Yamato Transport Co Ltd (employing about 135,000 people) is under the umbrella of Yamato Holdings Co Ltd which is a comprehensive transportation services group with 45 subsidiaries and nine affiliates. The group's business divisions include delivery, BIZ-logistics, home convenience, e-business, truck maintenance, financial and others. Yamato Transport (HK) Ltd is under their delivery business and launches its Ta-Q-Bin door-to-door, business-to-consumer courier service in Hong Kong in February 2011. For more information, please visit hk.ta-q-bin.com.
About Invest Hong Kong
Invest Hong Kong is the department of the Hong Kong Special Administrative Region (HKSAR) Government established in July 2000 to take responsibility for Foreign Direct Investment and support overseas and Mainland businesses to set up or expand in Hong Kong. It provides free advice and customised services to help businesses succeed in Hong Kong's vibrant economy. As it celebrates its 10th anniversary, Invest Hong Kong has completed over 2,100 investment projects creating over 26,000 new jobs in the first year of operation or expansion and HK$57 billion of investment. For more information, please visit www.investhk.gov.hk.
For event photos, please visit www.flickr.com/photos/investhk/sets/72157625946919531.
Ends/Friday, February 18, 2011
Issued at HKT 17:55
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