Express parcel and mail delivery company TNT NV (TNT) announced this week an investment of over €100 million Euro over the next five years to strengthen the company’s network coverage, connectivity and infrastructure.

The investments will be spread throughout Southeast Asia, China and Europe, with TNT responding to increased customer demand for the shipment of larger volumes of high-value items between Asia and Europe.

Commenting on the strategic nature of the investment, James McCormac, Chief Operating Officer of TNT’s express division said that “Our strategic objective is to build a leadership position in domestic, intra-regional and selected intercontinental express flows in the emerging Asian region.”

McCormac also eluded to the significant growth experienced by TNT in the region, saying that “TNT’s volumes between China and Europe have grown over 20 per cent in 2007, and we’re certain that the stop in Singapore will further accelerate this volume growth.”

The regional managing director for TNT in Southeast Asia Onno Boots also commented on the investment, saying that “TNT has grown to be recognised as the leader in providing innovative solutions for the healthcare, high-tech and equipment and machinery sectors”. 

TNT is now looking to its Southeast Asian hub of Singapore to cement the company’s connectivity between Europe, Southeast Asia and China and with that, an ability to tap into the significant trade flows between those regions. Indeed, according to a study carried out by TNT, Greater China is one of Southeast Asia’s largest trade partners, representing some 24 per cent of total express volumes transported by air, Europe follows with 20 per cent, with trade within Southeast Asia accounting for 11 per cent. Additionally, within Southeast Asia’s air trade, the high-tech sector alone accounts for over 76 per cent of total trade value.

TNT provides businesses and consumers around the world with a range of services for mail and express delivery needs. Headquartered in the Netherlands, TNT offers network infrastructures in Europe and Asia as well as is expanding operations worldwide.  The company serves more than 200 countries, employing around 161,500 people.

Source: TNT NV

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