Despite slowing economic growth in the company's core markets, Taiwan-based logistics major Dimerco will continue its global expansion through the pursuit of further acquisitions and alliances, according to CEO Paul Chien.
In 2012, the company purchased U.S.-based customs brokerage company MYK Global Service and formed a new India joint venture called Dimerco Express. So far this year, the company has concluded two new investments and more are in the pipeline, said Chien, who sees Taiwan, Hong Kong and China as Dimerco's home markets.
"We have lately completed two investment projects, one for equity participation in Yuhang Int'l Logistics (Dalian) for better service coverage in Northeast China and the other for the acquisition of a customs broker in Malaysia called Network Logistics," he told The Journal of Commerce.
He said Dimerco, which now offers more than 140 offices in 17 countries, would continue its efforts to strengthen his sales, marketing and service network by "expanding alliances with those who can share similar business philosophy and business value with us."