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Article: HAINAN STATE FARMS TO CREATE LOGISTIC ARM
- Article from:
- AsiaInfo Services
- Article date:
- December 6, 2007
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AsiaInfo Services
12-06-2007
Hainan State Farms to Create Logistic Arm
HAIKOU, Dec 06, 2007 (SinoCast via COMTEX) -- General Bureau of Hainan State Farms plans to start to operate a new logistic arm in Hainan Province of Southern China in January 2008 at the earliest.
The subsidiary will register CNY 50 million in capital. It will provide a variety of services, including transportation, storage, distribution, information and value-added services.
The annual gross domestic product of Hainan State Farms is over CNY 7 billion now. The logistic expense of its internal operation is about CNY 1.274 billion a year.
The operator needs to transport 6.83 million tons of cargo within the regions with ...