APL Logistics Expands Its Oman Presence by Forming Joint Venture

Oman: APL Logistics Ltd., which is a wholly owned subsidiary of Japan based Kintetsu World Express, Inc. has announced the setup of APL Logistics Oman, by forming a joint venture with Arab Global Logistics LLC in Oman. The efforts initiated by APL Logistics Oman are to develop Oman as a regional logistics hub and the company will serve international and local customers of East Africa and Middle-East.

APL Logistics is a renowned company in the cold chain sector which offers origin and destination services in around 60 countries. The company serves as a global supply chain specialist for industries like Consumer, Automotive, Retail, Cold chain and Industrial sectors. The Muscat-based joint venture company is backed by the global execution experience and logistics expertise of APL Logistics.

According to TechSci Research, the rapid diversification and rising consumption of economic activities APL logistics is expanding its presence in Oman. Oman is known for its strategic location, highly capable work force and well-established infrastructure. APL logistics will help the customer base of Oman to enjoy the flexible high tech logistics and cold chain services which can solve the complex day to day issues across production and inbound logistics, order management, multi-modal transportation, packaging, consolidation and customs brokerage.

According to a recent report published by TechSci Research, “Global Cold Chain Market Forecast & Opportunities, 2020”, global cold chain market is expected to grow at a CAGR of over 11% during 2015-20. Currently, global cold chain market is fragmented, with a large number of players operating in the market. However, a number of mergers and acquisitions have been witnessed over the past decade. This trend is expected to continue over the forecast period, owing to which the market is moving towards consolidation in coming years. In terms of revenue contribution, North America captured the largest market share in 2014, and is expected to retain its dominance in global cold chain market over the next five years. Major players operating in the market include AmeriCold Logistics, Lineage Logistics, APL Logistics, Swire Group, Oxford Cold Storage, VersaCold, and Burris Logistics, among others.