Financial Times FT.com

DHL seeking Asia expansion

By Justine Lau in Hong Kong

Published: September 9 2008 01:58 | Last updated: September 9 2008 01:58

DHL, the German package delivery company, is keen to acquire local rivals or form joint ventures in an effort to double its domestic express business in Asia to tap growing demand for intra-country services.

Dan McHugh, chief executive of DHL Express Asia Pacific, said the group plans to lift the revenue contribution from its domestic arm to as much as 16 per cent of the overall total from 8 per cent now, within three to four years.

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