PHILADELPHIA, HONG KONG, June 3, 2004 —
BDP International® subsidiary, BDP Asia Pacific®, has been granted a Class A forwarder’s license for its newly formed, wholly owned foreign enterprise (WOFE) subsidiary, BDP Logistics Ltd.®, established in the Wai Gao Qiao Free Trade Zone in Shanghai, China.
The license allows BDP Asia Pacific and parent company, BDP International (BDP), to fully control and manage the logistics process within China through BDP Logistics Ltd., including cargo movements, invoicing and other activities that previously had to be outsourced to local parties. It also enables the companies to offer NVOCC, bonded warehousing and other Class A services. In addition, BDP Logistics Ltd. is a licensed NVOCC and has registered its bill of lading, which is recognized by banks throughout China for letters of credit and can be issued for shipments to and from the country.
“Now with a wholly owned subsidiary, BDP will be in a much better position to meet its customers’ logistics and supply chain needs within China,” said Peter Huels, managing director of BDP Asia Pacific. “We will maintain our existing offices and increase our staff, investment and focus in this growing and increasingly important market.”
Through BDP Asia Pacific, BDP International, a leading privately held U.S.-based global logistics and transportation services company, has been operating in China since 1996, with operations in Beijing, Dalian, Guangzhou, Tianjin, Hong Kong, Shanghai and Qingdao, and developing an extensive network of strategic alliances throughout the country.
BDP Asia Pacific has regional headquarters in Hong Kong and Singapore, with 24 offices in 10 countries. In addition to China, the company has offices in Taipei, Taiwan; Kerteh, Kuala Lumpur, Kuantan, Penang, Malaysia; Bangkok and Phuket, Thailand; Chennai, Mumbai, New Delhi and Calcutta, India; Jakarta, Indonesia; Melbourne and Sydney, Australia; and Dubai.
It offers live inventory status and shipment tracking throughout Asia and worldwide through its parent company’s network of subsidiaries, joint ventures and strategic alliances, as a complement to its core portfolio of international freight forwarding, customs clearance, transportation, warehousing, project logistics and lead logistics provider (LLP) services.
For further information in Europe, South America and North America, contact:
Arnie Bornstein,
Director - Marketing and Corporate Communications,
BDP International, Inc..
Phone: 215-629-8493
fax: 215-629-8995
e-mail: abornstein@bdpnet.com
In Asia, contact:
Gary Chan,
Regional Director- BDP Asia Pacific,
Unit 4201-6 Metroplaza,
Tower 1, 223 Hing Fong Road,
Kwai Chung, New Territories, Hong Kong.
Phone: 852 2485 0061.
Fax: 852 2487 6744.
e-mail: gary_chan@bdphk.com
About BDP
BDP International is one of the leading privately held freight logistics / transportation management firms in the U.S. It operates freight logistics centers in more than 20 cities throughout North America and a network of subsidiaries, joint ventures and strategic partnerships in 140 countries. The company serves more than 4,000 customers worldwide. Clients include Bayer, Dow Chemical Company, DuPont, Heineken USA, Honeywell, Johnson & Johnson, Osram Sylvania, Revlon, Rohm & Haas, Trek Bicycle, Wacker, and others. BDP provides a range of services, including ocean, air and ground transportation; 4PL lead logistics process analysis, design and management; export freight forwarding; import customs brokerage and regulatory compliance; project logistics; warehousing/consolidation/distribution; and Internet shipping transaction/tracking management systems.
