DHL to double its investment in China

DHL Supply Chain, the world's largest contract logistics service provider, is investing another 113 million euros ($141 million) in China to further develop its business, after enjoying steady double-digit growth.

The new investment, added to an injection of 105 million euros in 2013, brings its total commitment in the country to 218 million euros, making the market one of its most important globally.

Oscar de Bok, chief executive officer of DHL Supply Chain Asia Pacific, said that by 2020 DHL expects to have set up another six logistics centers in Guangzhou, Hangzhou, Wuhan, Shenyang, Shenzhen and the China (Shanghai) Pilot Free Trade Zone, bringing its total national warehousing capacity to 1 million square meters.