French logistics company SDV, wholly owned by French investment and industrial holding group Bolloré, said it has set up a new office in Yangon in line with its investment and expansion strategy in Southeast Asia.
The new office went into operation on May 1.
“As the country moves toward democratic and economic reforms, many of our customers are exploring this region and some of them already took the plunge on investing massively in Myanmar,” said Julien Loiret, general manager, sales and development of SDV Myanmar.
Anticipating a strong growth in demand for transport and logistics and to accompany its customers in Myanmar’s booming market, SDV will provide its services and solutions especially in the oil and gas, telecom, healthcare, fashion and retail industries, the company said.
“The opportunities abound, in raw materials such as oil and gas but also in catering the need, from healthcare to telecommunication, of a population of 62 million,” added Elizabeth Shwe, who will be joining SDV Myanmar as a director.
SDV said its “experienced staff will be joining SDV Myanmar to face the challenges ahead” in the emerging market.
SDV, which spans across 24 countries in Asia Pacific, is a leading supply chain management firm ranking among the world’s top 10 in transport and logistics with a network of 600 sites in 102 countries. It offers services including international transport, customs brokerage, warehousing and distribution, and supply chain management.
The company runs a global network of 600 agencies and employs 35,700 professionals worldwide in 99 countries. Its revenue in 2013 stood at €5.473 million.
SDV Myanmar’s office is located at Kyaik Wine Pagoda road, Mayangone township, Yangon.
Source Myanmar Business Today