CJ GLS advances as global logistics company

CJ Group takes active steps towards acquiring large-scaled foreign logistics company through the third affiliate logistics company of CJ GLS.

CJ GLS, in the recent press conference in Singapore, announced the plan to be reborn as a large-scaled logistics company to achieve the sales figure of KRW 3000 billion by 2010 through substantial M&A within this year at the earliest and in 2~3 years at the latest.

Also, pointing out that there was yet to be a global logistics company in Korea, CJ GLS announced that it would actively pursue M&A in order to be reborn as a logistics company of international standard in a shortest period of time.

CJ GLS has been newly launched as CJ GLS Asia after taking over a large-scaled logistics company of Accord in Singapore last year. The sales record of CJ GLS in 2004 was KRW 380 billion. However, it drastically jumped to KRW 790 billion last year. CJ GLS is planning to achieve the sales figure of KRW 3000 billion by 2010, which is to be the 14 ~ 15^th of all logistics companies throughout the world.