Damco eyes new industry verticals
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."
Managing people? For HR and leadership strategy, Human Resources has it covered.
Get your marketing department up to speed with Asia's most read marketing site
Damco Related Stories:
- New Samsung plant, Damco restructures
- Kerry’s LTL route, Damco appoints
- UPS extends TNT deal, Air cargo down
- Damco beefs up global leadership
- Damco launches SC solution
- Syngenta goes with Damco
- Damco sets 2012 APAC plans
- Damco MY appoints country manager
- Damco strengthens key leadership roles
- Damco appoints Thai & Malaysian head
- M&S makes a strategic logistics shift
- Damco sets sights on Indian freight biz
- Damco appoints global head of marketing
- Damco appoints global ocean freight head
- Damco appoints country manager for SG & M’sia
- Damco steps on trucking gas
- Maersk adds to Damco mix
- Damco pours US$4m into Vietnam
- Damco appoints chemical logistics head
- Damco appoints regional airfreight manager