Global courier giant DHL unit said on Monday it expected its expand its 40 percent share of the Asia-Pacific express courier market by one-to-two percentage points in the next few years, fuelled by growth in China.
DHL, a unit of Deutsche Post AG, earned about 2.5 billion euros in revenue from its express and logistics businesses in Asia last year - about 11 percent of DHL's total global turnover.
DHL faces competition in Asia from United Parcel Service Inc and FedEx Corp.
"We are getting 20 to 25 percent growth in Japan. But China is twice as fast as that," DHL Express chief executive John Mullen told a news conference. Mullen said revenue at DHL's China express have grown 35 to 45 percent annually over the last five years.
In the first half of 2004, revenues from DHL's China express business - which it conducts through a 50-50 joint venture with Chinese partner Sinotrans Ltd - surged a record 50-to-60 percent from a year earlier, Mullen said.
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