Menzies announces joint venture in China
14 June 2021
Today we have announced a £3.4million investment in a joint venture with Guangzhou JFreight Aviation Logistics Supply Chain Co. Ltd in China.
Menzies will hold a 10% stake in the joint venture and will manage and operate a new cargo terminal at one of the world’s busiest aiports: Guanzhou Baiyun International. The new terminal has the capacity to handle 120,000 tonnes per year and is equipped with JFreight’s expert artificial intelligence and robotics.
Philipp Joeinig, Chairman & CEO, says; “I am delighted to be able to announce expansion into the Chinese cargo market. We are very pleased to have found a great partner in JFreight and I look forward to developing our relationship with them as we move forward.”
This investment aligns with our strategy of balancing our portfolio across ground handling, fuels and cargo and creates a strong platform for our continued growth in China.