Anji Automotive Logistics and Ceva Logistics have renewed a Chinese joint venture agreement dating back to 2002, while also expanding the JV’s business scope to include non-automotive contract logistics.
China’s largest automotive logistics provider, Anji and CEVA Logistics, one of the world’s largest supply chain management companies have announced the signing of definitive agreements to renew and grow their 50/50 joint venture partnership for an additional fifteen years and expand ANJI-CEVA’s business scope to non-automotive contract logistics in China, including Hong Kong.
ANJI-CEVA was the first logistics joint venture officially approved by the People’s Republic of China’s Ministry of Transport and Ministry of Foreign Trade and Economic Cooperation in 2002*. Today it is the largest and leading contract logistics provider in China with a strong focus on automotive with a revenue close to $ 1 billion in 2016 and more than 15,000 employees. It offers a wide variety of services covering inbound logistics, aftermarket contract logistics, import and export logistics as well as a unique ground transportation network covering more than 400 cities in China.
With the renewal, in addition to the automotive sector, ANJI-CEVA will expand its business scope to include non-automotive contract logistics activities across greater China with an initial focus on industrial & aerospace, technology, consumer & retail sectors and e-commerce. ANJI-CEVA will fully participate in CEVA’s global network and build on contract logistics business that it will acquire from CEVA in China. By leveraging the combination of ANJI-CEVA’s operational expertise, skills, management and its extensive coverage across China, together with CEVA’s customer service model and operating processes, ANJI-CEVA will be able to offer competitive, innovative high quality solutions in China to Chinese and overseas customers.
The renewal and name change are subject to filing with government authorities and renewal of business licences.
* Joint venture history:
The joint venture commenced in 2002, as ANJI-TNT, with a view to focusing on the development of the automotive logistics industry in China. Its core mission has always been to provide world-class contract logistics services by combining the expertise of its two shareholders across all automotive parts logistics functions.
It became ANJI-CEVA Automotive Logistics after the 2006 acquisition of TNT Logistics by the New York headquartered private equity fund Apollo Global Management and subsequent rebranding as CEVA Logistics.