TNT Logistics provides logistics services to Samsung SDI
21 April 2005 - 11:26 CET
TNT Logistics, a leading global logistics company, starts a new 5-year strategic partnership with Samsung SDI Brazil, a manufacturer of screens, CRTs and monitors in Brazil (Manaus (AM)). Under this partnership TNT Logistics will be responsible for the supply chain at Samsung SDI's plant, from receiving raw material to distributing finished products to customers. TNT Logistics also manages and controls transport. The value of the contract is 6 million Euros (R$ 20 million).TNT Logistics plans to invest approximately 700.000 Euros (R$ 2.5 million) in operations and technology during the first semester of 2005 to support Samsung SDI. The partnership has required hiring 90 employees.
Guilherme Bastos, Samsung's Strategic Resources Operations (SRO) manager, expects that in the first phase of the partnership with TNT Logistics will lead to optimised production processes and significant cost reductions in logistics - around 30% - as well as eliminate hidden logistics costs.
The High Tech sector is one of TNT Logistics' target sectors with operations for Electronics manufacturers in all parts of the world.
