News / Hyundai Glovis expands logistics business with Thailand JV

© Chalermphon Srisang

Logistics unit Hyundai Glovis has entered the Thai market, setting up Hyundai Glovis Logistics Thailand, a joint-venture with domesticlogistics companies and automobile parts manufacturers.

Hyundai Glovis will work closely with local food conglomerate Charoen Pokphand (CP) Group, agreeing to assign 150 electric trucks a year to transport goods to 7-Eleven stores throughout Bangkok.

The Thai subsidiary’s opening yesterday was attended by Hyundai Glovis CEO Kim Jung-hoon and CP Group vice-chairman Korsak Chairasmisak.

In addition, as CP Group needs to replace and add trucks ...