Home > China Merchants Group Chairman sees strong potential in New Zealand market

China Merchants Group Chairman sees strong potential in New Zealand market

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article image Dr Fu and Dr Yu visiting Foodstuffs Fresh DC in Auckland

Chairman of China Merchants Group (CMG) and Loscam , Dr Fu Yuning recently visited New Zealand to meet key executives in the retail and logistics industries.

China’s leading infrastructure and logistics provider with over US$50 billion in assets, CMG oversees a number of investments in New Zealand in the logistics and speciality wholesale sectors, including Loscam, Asia Pacific’s leader in pallet and retail ready solutions, which launched into the market in 2011. Loscam is the preferred pallet provider to leading retailers and manufacturers in New Zealand, and is now gearing up to enter the produce crate and bin rental market. 

Since the fresh produce sector is growing in importance to retailers in Asia Pacific, Dr Fu and his accompanying senior team were interested to see the levels of innovation in the New Zealand fresh supply chain and their relevance to the sector in China. 

Given the food safety concerns, logistics costs and various cold chain challenges existing in the Chinese market, Loscam’s growth in this sector may create opportunities for transferring knowledge, systems and expertise to the benefit of both countries.

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