Lotte Global Logistics said on the 25th that it announced a joint vision to lead Central Asian logistics with Shin-Line Group, a Kazakh ice cream manufacturer.

On the 24th (local time) in Almaty, Kazakhstan, at a vision proclamation ceremony, Kang Byung-gu, CEO of Lotte Global Logistics (right), and Chairman Andrei Shin of Shin Line Group pose for a commemorative photo. /Courtesy of Lotte Global Logistics

As a follow-up to a memorandum of understanding signed in Sep. to strengthen logistics cooperation in Central Asia, the two companies agreed to create logistics synergies by reinforcing their partnership and combining their respective expertise.

Through the partnership, the companies will also pursue integrated logistics operations for transport with Korea to secure competitiveness in the local Central Asian food and convenience store distribution market.

They also decided to leverage their fulfillment capabilities to take the lead in the local e-commerce fulfillment business, expand into high value-added services, and focus on capturing logistics demand from local food distributors.

Kang Byung-gu, CEO of Lotte Global Logistics, said, "The partnership between the two companies will be a key driver that changes the landscape of the logistics market in Korea and Central Asia," adding, "By achieving our vision, we will further strengthen market competitiveness and take both companies to the next level."

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