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LINE forms alliance with Yue Yuen
HONG KONG - 7 September 2001: LINE - Logistics Information Network Enterprise today announced an alliance with Yue Yuen Industrial Holdings Limited and its affiliate companies to provide supply-centric collaborative logistics solutions for the electronics and sports footwear industries. In addition to these solutions, the new joint-venture company will act as a Lead Logistics Provider.
As Lead Logistics Provider (LLP), the joint-venture company will manage transportation and logistics providers on behalf of its customers, increasing the efficiency of the logistics flow of products from manufacturer to retail outlets on a global basis.
An additional facet of the service will be providing an integrated and collaborative logistics solution to manufacturers, material and service providers, retailers and brands - connected via an Internet-based platform. This will enable manufacturers to improve efficiency, save on costs and create visibility throughout improved supply chain management .
"The new company will enable its customers to outsource their logistics requirements focusing on their global supply chain operations with their customers, which include the world's leading footwear brands and retailers. By putting the leading manufacturers and brands together, the new company is well positioned to set the logistics and communication standards for the footwear industry. The scope of the logistics services will expand to cover overseas distribution in the future," said Aaron Mak, CEO of LINE.
"Yue Yuen is one of the world's leading contract footwear manufacturers supplying footwear to premium brands; we are very excited to be working with the company in order to provide a world-class logistics service," added Mr. Mak.
"LINE brings a wealth of experience in building collaborative supply chains," said Edward Ku, Executive Director of Yue Yuen.
"Our new joint venture will provide one-stop-shop logistics services which satisfy all of our customers' transportation needs, while improving efficiency, shortening delivery lead times, reducing costs and ultimately improving competitiveness for them.
"We are confident that this new joint venture will bring tangible benefits to all parties," Mr. Ku said.
About LINE
LINE is a leading provider of supply chain and logistics solutions, providing collaborative networks and visibility services globally.
LINE is a wholly owned subsidiary of the Hutchison Port Holdings (HPH), the world's leading port investor, developer and operator with interests in 15 countries throughout Asia, Africa, Europe and the Americas. Today, HPH operates a total of 29 ports together with a number of transportation related service companies.
About Yue Yuen
Yue Yuen Industrial (Holdings) Limited (SEHK stock code: 551) is the largest branded footwear manufacturer in the world, with approximately 15% market share in all of branded athletic and casual footwear. The Group is an original equipment manufacturer / original design manufacturer ("OEM / ODM") for major international name brand companies such as Nike, adidas, Reebok, New Balance, Timberland and Rockport. Yue Yuen also produces footwear components for sale to other manufacturers. The company was incorporated by the Tsai Family in 1988 and has been listed on The Stock Exchange of Hong Kong Limited since 1992. Yue Yuen will build on this strong platform by working closely alongside its customers.
| LINE Russell Green Senior Vice-President, Corporate Communications LINE - Logistics Information Network Enterprise Limited 23/F Caroline Centre, Causeway Bay, Hong Kong Tel: (852) 3161 2119 |
| YUE YUEN INDUSTRIAL (HOLDINGS) LIMITED Edward Ku Executive Director Yue Yuen Industrial (Holdings) Ltd Tel: (852) 2370 5197 |
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