Damco eyes new industry verticals

DAMCO  INDIA  LOGISTICS

India - Damco, part of the Danish conglomerate A.P. Moller-Maersk Group, has plans to increase its business volumes by two to three times over the next few years.

In order to achieve this, the company intends to strengthen its existing businesses and reach out to new markets and market segments, notes Lars Sorensen, CEO of Damco South Asia. It is currently evaluating a few industry verticals like technology, consumer durables, FMCG and automotive.

"We have hired industry specialists to lead these verticals and are in the process of approaching a variety of customers in this field with our value proposition. We are confident that our approach will enable us to develop tailor-made solutions for the customers in these industry verticals," says Sorensen.

Damco will be increasing its focus on the project cargo segment to leverage the focus on industrialisation and infrastructure in India, reports Economic Times. Sorensen believes one of the company's top priorities in India is to expand its customer base for air freight products.

"We have a focused plan to achieve this and are making good progress in growing our air freight volumes from India."

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