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DB Schenker launches its own subsidiary in Bangladesh
DB Schenker has opened its new entity in Bangladesh. Whereas before, customers relied on the service of a partner, Schenker Logistics (Bangladesh) Limited will now be fully operational as a local entity under the global freight forwarder’s India cluster organization. The new Bangladesh subsidiary is now part of the global DB Schenker network, with 2,000 locations in more than 130 countries.
“As one of the priority markets for our Indian subcontinent, the move to establish our own entity in Bangladesh will greatly enhance DB Schenker’s service portfolio in the subcontinent”, says DB Schenker CEO Jochen Thewes.
Bangladesh is the world’s second largest exporter of apparel after China, and therefore plays a pivotal role in strengthening DB Schenker’s position as a leader in the global textile market.
The new entity will have two offices, in Dhaka and Chattagram, with over 150 experienced employees across the core product offering (Air Freight, Ocean Freight, Contract Logistics, Land & Cross Border Transportation, Global Projects and Fairs & Exhibitions), spread across six vertical markets: Aerospace, Electronics & Solar Semiconductor, Automotive, Retail & Consumer, Healthcare and Industrial & Chemical. DB Schenker had been operating in Bangladesh since 2007, via an exclusive network partner: SG Logistics (Pvt) Limited (SGL).