Asia leads global fashion markets as Logwin builds logistics network across regionby Press Release on 2011-11-13 00:07:40
Hong Kong, November 11th 2011 (Global Logistics Media) The Asian fashion market is the largest in the world and will be 35 per cent bigger than Western Europe’s by 2015. In 2010 the value of the region’s apparel retail market totalled US$452 million an increase of 7.6 per cent compared to the previous year according to a survey conducted by Euromonitor earlier this year.
To meet growing demand for the fashion industry Logwin, a leading global provider of logistics services, is increasing its presence in Asia’s premium fashion and lifestyle sector.
“We are a market leader in the fashion sector in Europe and Asia and have many years experience in providing a broad range of freight and logistics solutions. Asian consumers are driving demand for leading European brand name fashion and lifestyle products and we are expanding our services accordingly,” said Marc Wijnen, Director Logistics at Logwin´s business segment Air + Ocean.
“We are investing in building a network that can meet the needs of our customers in the fashion and lifestyle industry into the future,” he added.
As part of this development the company is building a network of dedicated fashion and lifestyle warehouses at preferred locations across Asia for its leading brand name clients.
The logistics centres in Hong Kong, Shanghai, Singapore and Kuala Lumpur will provide a comprehensive range of services tailored to the fashion sector such as labeling and tagging and assembly of garments and accessories.
Logwin also provides international air and ocean transport and offers its AirTextainer packaging and Garment-on-Hanger service next to flat pack-transportation for its fashion and lifestyle customers.
Demand for fashion and apparel in Asian markets is expected to grow 4.7 percent in 2011, led by a 10.8 percent growth in China, according to consultants PricewaterhouseCoopers.
About Logwin AG As an external partner, Logwin AG, Grevenmacher (Luxembourg), develops a comprehensive range of logistics and service solutions for trade and industry. In 2010, the group generated sales of 1 billion Euros and currently employs more than 5,900 staff. Logwin operates in all main markets worldwide and has approximately 250 locations across all continents. With its two business segments Solutions (customer-focused contract logistics solutions) and Air + Ocean (global air and sea freight activities), Logwin AG is one of the leaders in the market.
The Logwin business segment Air + Ocean is represented at over 200 locations, of which 115 are wholly-owned, on all five continents. Around 2,000 employees provide air and sea freight transport as well as specially tailored and complex logistics solutions. The focus of their international engagement is in Europe, Asia, Australia, South America and South Africa. The global network is reinforced by partnerships and cooperation agreements, which include membership of the sea freight cooperation Group 99 and the air freight cooperation FUTURE.
Logwin AG is listed in the Prime Standard of the Deutsche Börse. The majority shareholder is DELTON AG, Bad Homburg (Germany).